JLL: Companies look to change "design and layout" of office spaces
Head of research MENA at JLL, Dana Salbak said, a "widespread adoption" of health and safety measures will be put in place
The global outbreak of coronavirus (COVID-19) pandemic has witnessed a surge in the work-from-home culture, with real estate investment management firm, JLL revealing that the UAE’s office sector will see an improvement in collaboration, productivity, and employee well-being.
According to JLL’s Q1 2020 UAE Real Estate Market Performance report, the office market in both Abu Dhabi and Dubai has been in the late downturn stage of the cycle, with leasing activity having seen a slow movement in Q1 2020.
JLL said that despite the sluggish nature of the leasing market, corporate demand for fitted spaces with leases that offer maximum flexibility to tenants is expected to be active in line with trends witnessed until the end of 2019.
Speaking about the condition, head of research MENA at JLL, Dana Salbak, said: “As expected, corporates in this current environment are focused on implementing business continuity measures and developing long-term operational resilience.
“Most companies will look to modify the design and layout of office spaces to address mid-term company strategies and employee needs.”
She added: “In the long-term, we expect demand to centre on office spaces that offer more of a collaborative and social experience rather than just a place to work. There will also likely be widespread adoption of Health & Wellness Standards to ensure employee wellbeing.
“That said, in the coming months, market performance will heavily depend on the extent to which normal activity is resumed, as well as the government initiatives undertaken to promote the country’s property market,” Salbak concluded.