Infographic: trends in office employment growth (2023-2027)
In this infographic, our focus is on one of the key questions facing the world’s cities: the extent to which office employment will or will not continue to drive total employment going forward.
What you will learn:
- Whereas pre-pandemic, the Asia Pacific cities with the largest increases in office employment were all Chinese, going forward many of them are likely to be Indian, with Mumbai set to see more than half a million additional office jobs in the 2023-27 period.
- London stands as a titan in the European office employment landscape. However, in terms of growth, watch for Stockholm and Amsterdam to surge ahead.
- The US, however, stands out. Our forecast for office employment in the nation’s 50 largest metros is weaker than our forecast for total employment, partly because of lay-offs this year in tech and recent banking sector problems.
Tags:
Related Posts
Post
Geographic allocation alpha makes a comeback in CRE investment
While we expect that sector selection will still be an important component to generating alpha in commercial real estate investment, we think the thematic drivers that are likely to support outperformance over the next decade will require more emphasis on selecting for geography.
Find Out More
Post
Global Key Themes 2024: Few opportunities in a gloomy landscape
Global GDP growth and inflation will slow in 2024 and central banks will begin to pivot in H2 – at least that seems to be the broad agreement among markets, policymakers, and forecasters. For the most part, we concur and have identified three key themes that will be key to the precise path that economies and financial markets take next year.
Find Out More
Post
Assessing the work-from-home impact on US office demand
The work-from-home movement has proven it has staying power. As a main driver of the structural shift in the office sector, the disruption from increased work from home is having a lasting impact on office performance. Office net operating income yields will expand significantly this year and we project office capital values will fall by 16.4% in 2023 and by 2.1% in 2024.
Find Out More