Office Asset Optimisation

CONCLUSION

From there, each building will require not only its own expenditure and maintenance program, as while offices will continue to be required, they cannot continue operating in the way they have done previously. Occupier expectations have increased significantly, with technology, sustainability and wellbeing now at the heart of their needs. Furthermore, these requirements have only been accelerated as a consequence of the pandemic. Consequently, the office sector needs to reinvent itself to stay relevant. However, achieving top-level performance in a multi tenanted office building has its challenges. Landlords must consider the many factors that contribute to a building’s ESG, energy efficiency, and wellness such as building design, base building systems, management, operation and maintenance, tenant build-out, and occupier behaviour. The best performing buildings have one important element in common: tenants and landlords working together toward a unified goal of efficiency and wellbeing.

The current operating environment for office asset owners is beset with a raft of difficulties, but at the same time presents numerous opportunities to reset and rethink the services an office building provides as well as how it operates.

The way forward is rigorous analysis of each asset, with the acceptance that not all assets will be viable into the future. This potentially means rationalising the size of the portfolio.

OFFICE ASSET OPTIMISATION FOR TOMORROW

CUSHMAN & WAKEFIELD

ANALYSE

RATIONALISE

STRATEGISE

ACTION

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