Corporate Real Estate is at a critical decision point, where strategies implemented now and over the next few years will determine the path to long-term success: JLL

Corporate Real Estate is at a critical decision point, where strategies implemented now and over the next few years will determine the path to long-term success: JLL

Riyadh, Saudi Arabia:– As the hybrid work model becomes the norm in the world of work, offices have taken on a new purpose, driving companies across the Kingdom to rethink their portfolio strategies, according to JLL at its ‘Future of Work’ event today in Riyadh.

With the future of work embedded in hybrid models, sustainability outcomes, and technology enforcement, offices are finding a new purpose, further necessitating a long-term transformation of the real estate portfolio of companies to succeed in a post-pandemic world. According to JLL’s Future of Work Survey, 77% of Commercial Real Estate leaders agree that investing in quality office spaces will be a greater priority than expanding the total footprint of their developments.

Focused investments in ESG (environmental, social, and governance) solutions are gaining importance, owing to the urgent call for climate action by employees, communities, and governments. Nearly 8 out of 10 companies globally say their employees expect their workplace to have a positive impact on society. When it comes to Saudi Arabia, on the heels of the government’s increased focus on sustainable development, companies within the country are steadily building a greener portfolio.

With the Kingdom continuing to establish itself as a hub for startups and multinational corporations,