IT and oursourcing companies lead the list.
The Colliers Office Market Overview for H1 2022 reveals an increase in demand for office real estate by 29% YoY.
The demand is being driven by: IT and outsourcing (44%), professional services (29%), pharmaceuticals (13%), retail (5%), financial services (4%), and media (3%).
In the short-run, the market may face a rent increase due to the rise in construction and fit-out works prices, the survey states. The development of co-working areas is expected to continue the upward trend to support the emerging hybrid work model and meet the tenants’ dynamic needs for space.
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