Investors focus on fundamentals and defensive strategies as a result of market volatility
Because of the unpredictability of economic conditions, which can change at any time, most businesses prefer to remain at their current office location rather than relocate. Businesses are seeking cost-effective ways to use space while also attracting workers back into office from the work-from-home era. Developers and investors are looking for ways to modify their strategies and portfolios in response to these changes and new requirements. The hybrid working system is still being implemented. As a result, more vacant spaces put landlords under more pressure and give tenants more leeway in the negotiation process.
Global trends show that most employees are eager to return to the workplace, especially if it is close to their home. A satellite office business model is feasible, but proper office space is difficult to come by in the suburbs. It is not impossible and will most likely provide a good opportunity for landlords to popularize the satellite office working model.
Colliers Quarterly Property Market Report Q4 2022 Jakarta Office
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