Changing priorities in London office market are driving up costs

Jayson Crosley

Occupiers now want better, more flexible and sustainable facilities but inevitably this comes at a price, says Jayson Crosley, director at Turner & Townsend alinea

The changes to the world of work that we have seen since the start of the decade are well documented. Hybrid working patterns have evolved, video and cloud technologies are now a mainstay, and shifting workplace usage patterns are enabling – or even forcing – companies to think differently about how and why they use their space.

This is set against a backdrop that a company’s largest expense is both its people and its physical space. Add to this recent inflationary pressures, economic headwinds, disrupted supply chains in the aftermath of covid-19, the war in the Ukraine and the current Red Sea conflict, and it’s a heady cocktail of challenges, layering complexity and cost, for occupiers. 

At the same time, new regulations around sustainability and inclusivity are also informing occupiers’ expectations of their offices.

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