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Chicago & Midwest  + Downtown  + Office  | 

Cushman & Wakefield, CoreNet Global Release Occupier Survey Results

Cushman & Wakefield and CoreNet Global have released survey results showing key shifts in occupiers’ approach to workplace decisions. “Occupiers consistently identify cost, talent, and operational excellence as the top drivers of their real estate strategy and decisions,” said Dimitris Vlachopoulos, Partner and Head of Total Portfolio & Location Strategy.

Environment, Social & Corporate Governance (ESG) is a consistent driver of demand, with occupiers willing to pay a premium to incorporate workplace sustainability. Most CRE teams and executives have defined ESG goals with underlying drivers that vary by global region.

Targeted amounts of office space have doubled compared to pre-pandemic levels at 40-50% vs. 20-30%, but office occupancy remains low, driving further footprint reductions. 89% of occupiers see the office as a place for creativity and a planned meeting point. CBDs remain preferred for headquarters, but occupiers recruit beyond city boundaries and 26% recruit from anywhere in the world.

Meet industry experts at the upcoming Connect Midwest: Multifamily and Adaptive Reuse Trends, which takes place June 13, 2023 at the W Chicago City Center Hotel. Click here for more information and to register.


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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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