The future of office: Looking beyond work-from-home challenges

The future of office: Looking beyond work-from-home challenges

Leonard Geiger headshot

Leonard Geiger, CFA

Portfolio Manager, Europe Real Estate

More by this author

1 minute read

October 2021


Download Report

We believe hybrid work policies will likely impede office rent growth over the next several years, but it’s important not to paint all markets with the same broad brush.

  • Remote work impact
    Work from home is affecting regions and industries differently, creating select value opportunities.
  • Greater workplace flexibility
    Work from home is about more than the pandemic, driven by preferences for greater workplace flexibility that could have lasting implications for office utilization.
  • Better positioned properties
    Regardless of the city, companies that own newer properties offering environmentally friendly features and modern amenities are likely to see better demand and stronger rent growth.

While the global office sector is likely to remain under pressure in the near term, we believe investment opportunities may continue to emerge in select markets, underscoring the importance of active portfolio management.

Author Profile Picture

Leonard Geiger, CFA, Senior Vice President, is a portfolio manager and a senior research analyst who oversees the research of the office and residential sectors in Europe.

Author Profile Picture

Alec Overby, CFA, Vice President, is a real estate securities senior research analyst covering the office and regional mall sectors.


Financial markets distress – Where and when?

Financial markets distress – Where and when?

June 2023 | 65 mins

Bob Steers, Executive Chairman of Cohen & Steers, recently had a conversation with Howard Marks, co-chairman of Oaktree Capital Management, for the 2023 Real Estate Luminaries Series, which was hosted by The Steers Center for Global Real Estate at Georgetown University.

As private real estate sells off, our conviction in REITs grows

May 2023 | 5 mins

Recent market events, including a downturn in private real estate, give us greater conviction in our analysis showing favorable entry points emerging for listed REITs.

Rich Hill on Bloomberg Markets: The Close

Rich Hill on Bloomberg Markets: The Close

April 2023 | 11 mins

Head of Real Estate Strategy & Research Rich Hill joined Bloomberg Markets: The Close to discuss his outlook for the office sector amidst tightening credit and his outlook for the commercial real estate market more broadly.