What are the global trends in office real estate post2020?

Global office real estate has undergone significant shifts post-2020, driven by hybrid work adoption, flight-to-quality preferences, and evolving tenant demands for flexible, amenity-rich workspaces.

Key Post-2020 Trends

• Rise of hybrid work models reducing overall office space demand in some markets
• "Flight to quality" :tenants favoring premium, well-located, sustainable buildings
• Growth of flexible and coworking spaces as companies seek adaptable leasing options

Regional Variations

• Some Asian markets, including India, have shown resilient office demand growth
• Western markets have generally seen higher vacancy rates in older office stock

Outlook for the Sector

• Sustainability-certified and tech-enabled buildings are increasingly prioritized by occupiers

In summary, global office real estate is evolving toward quality, flexibility, and sustainability as hybrid work reshapes tenant priorities. Markets like India have shown relative resilience compared to some Western office markets.