The commercial real estate landscape in the United Kingdom is ever-evolving, shaped by economic shifts, technological advancements, and changing societal preferences. As we step into 2024, Alicia Renshaw, Senior Associate in Leonard Curtis Legal’s real estate team explores the prevailing trends that are reshaping the commercial real estate market.
Flexible workspaces and hybrid models
The adoption of flexible work arrangements continues to influence the commercial real estate sector. Companies are increasingly embracing hybrid models that incorporate both remote work and office-based collaboration. This shift has fuelled demand for flexible workspaces, co-working solutions, and adaptable office layouts, therefore there is likely to be demand for quality buildings and offices in prime locations.
Sustainability takes centre stage
Sustainability is no longer a mere buzzword but a driving force in commercial real estate. In 2024, the transition towards net zero is likely to gain momentum with tenants and investors placing greater importance on environmentally friendly and energy-efficient properties.
Real Estate Credit Investments Limited (LON:RECI) is a closed-end investment company that specialises in European real estate credit markets. Their primary objective is to provide attractive and stable returns to their shareholders, mainly in the form of quarterly dividends, by exposing them to a diversified portfolio of real estate credit investments.
