Skilled workers are congregating in new – and often surprising – clusters around the world. The Savills Future Workforces Index reveals the existing and emerging talent hotspots across the world
Market trends
The real estate industry is being revolutionised by change and no sector is immune. Meanwhile, demographic and technological change is creating fresh opportunities for investors in both traditional and emerging asset classes. Here we explore how the markets are responding to those wider shifts alongside data and forecasts across all property sectors.
The Covid-19 pandemic kickstarted a new era of higher interest rates and increased macroeconomic volatility. How have real estate investors responded to this inflection point? And what comes next?
Asia’s cities lead the way in Savills Growth Hubs Index
Over the coming decades, trillions of dollars will be spent on public transport, green energy generation, digital connectivity and sustainability projects. And where infrastructure leads, real estate follows
Tackling housing affordability through supply
Global housing supply has failed to keep pace with rising populations. Boosting supply levels needs to be at the heart of any housing affordability strategy
Savills Resilient Cities: a new form of resilience?
Scale and workforce talent remain key pillars of success in the latest Savills Resilient Cities Index. But a number of smaller, nimbler cities are gaining ground on the back of strong ESG credentials.
We’re at an inflection point in the global macroeconomic and geopolitical environment. Future patterns of cross-border investment will affect the evolution of real estate capital markets
The world’s office stock must adapt to meet the needs of employers, employees and the cities in which they work. This means its owners have challenges to face and decisions to make
In the fifth of our Offices in Equilibrium Q&A series, Cyril Robert, Head of Research at Savills in Paris, explores the reasons behind the city’s reduced demand for office space – and it isn’t all down to the aftershocks of hybrid working
Offices in equilibrium: Spotlight on Sydney
In the third of our Offices in Equilibrium Q&A series, Australia’s Chris Naughtin, National Director of Capital Markets Research, explain how prime office space in central business districts is essential for talent retention
Offices in equilibrium: Spotlight on Singapore
In the fourth of our Offices in Equilibrium Q&A series, Alan Cheong, Executive Director of Research and Consultancy at Savills Singapore, explains the impact of hybrid working on an office-centric culture and why ESG concerns from overseas tenants will drive the repurposing of sub-prime properties
In the second of our Offices in Equilibrium Q&A series, Marisha Clinton, Vice President, Research East at Savills in New York City, explains that while utilisation rates haven’t hit pre-pandemic levels, deep-pocketed tenants are trying to secure prime office space
In the first of our Offices in Equilibrium Q&A series, Mat Oakley, Head of Savills UK and European Commercial Property Research, explains that while average take-up is down 10-15% in London, many companies are looking to upsize
Prime shopping streets are proving more resilient than predicted, driven by reimagined retail spaces and e-commerce brands building a bricks-and-mortar presence. Is this a long-term renaissance or a passing trend.
From an original 15 schemes in 1993 to about 700 today – and a predicted 1,200 by the end of the decade – branded residences are on a rapid growth trajectory. What are the main drivers behind the trend?
The outlook for global prime residential markets in 2024
Our forecasts point to more muted capital value growth in world city prime residential markets this year, but some locations are set to outperform.
How climate change is shaping global ski resorts
The unpredictable nature of climate change has affected some ski areas more than others. How are they responding?
European investment is set to rebound to 20% growth, while the Middle East real estate market will be driven by non-oil investment expansion
Macroeconomic factors point to a broad rebound in US real estate activity, with the flight to quality defining the shape of investment and rental performance
Driven by demographic trends and technological developments, investment in the living sectors and data centres is poised for growth
Next year should be a better one for global property investors, with a sustained bounce back expected. However, regional variations remain
Which macro themes will be key in driving real estate investment in 2024?
The economic outlook will remain front and centre for investors in 2024, but other drivers of returns should not be discounted.
How the flight to quality is shaping global prime office markets
Global prime office markets remain open for business as occupiers search for top-quality spaces in cities around the world.
Global real estate capital markets remain forlorn, with risk-averse sentiment hitting all sectors and all geographies. But with interest rates now peaking, the first pre-condition for stability has been met. More certainty around interest rates and borrowing costs should help to facilitate a floor in pricing, and eventually, a recovery in investment activity.
The real estate industry needs to adopt a proactive approach to ensure balance between supply and demand in an ever-evolving office market. Central to this is the provision of top-tier offices and the strategic repurposing of lower-quality assets.
Semiconductors; your country needs you!
Despite economic uncertainty and higher interest rates, global residential markets have shown remarkable resilience.
The leading global second home locations
Our new index looks at the factors that make a successful prime second-home destination and consider how the best have retained their longevity.
Total Value of Global Real Estate: Property remains the world’s biggest store of wealth
The value of the world’s real estate might have dipped in 2022 — but property remains the biggest store of global wealth by some margin.
Prime warehousing rents continue to rise, but the pace of growth moderates after the pandemic-induced surge. Where has this left the global warehousing cost league?
Prime residential rents are rising more quickly than capital values in the face of high demand for a limited pool of quality stock
Economic growth has proven to be resilient this year, and incoming data has consistently beat expectations. But this is supporting ‘sticky’ inflation, forcing central banks to ratchet up interest rates in response.
The flight to prime has been a frequently discussed trend across the office world; nowhere more so than in the United States, where sticky work-from-home trends have encouraged occupiers to look for top quality spaces to attract their talent back into the office.
Fortifying the supply chain
Disruption is easing post-Covid, but geopolitical tensions and more insular government policies are redefining how businesses manage their supply chains
Repurpose and revitalise: the future of commercial real estate rent
The global real estate market has changed, but the green transition and growing urban populations present new opportunities for investors
The Covid-19 pandemic changed people’s shopping habits. But recent figures suggest the seemingly relentless rise in online shopping – at the expense of the high street – is slowing down
People of 50 and older – many with accumulated wealth – will drive prime residential markets around the world over the next decade
How can cities foster innovation and attract talent when costs and inflation are pushing young businesses to the margins? And how are cities addressing residential affordability and quality of life to draw such talent?
Investors are turning to alternative property sectors for resilient returns and growth opportunities
Eyeing returns in an uncertain interest rate environment
Interest rate rises may be nearing their peak, but where they settle will have long-term implications for real-estate investors
Out of office: adapting to new ways of working
Covid-19 changed office-based working almost overnight. But the rise of new work patterns isn’t the only factor determining future demand. How are different work cultures and changing needs shaping office availability around the world?
More private funds are investing in clean energy projects, but this needs to grow significantly to meet global net-zero targets
Economic headwinds continue to batter global real estate markets, but the medium-term outlook is brighter, with signs of growth returning later this year
In the aftermath of the pandemic, people are returning to the world’s great cities to live and work. But global turmoil remains. Head of World Research Paul Tostevin examines how cities are faring in the latest Savills World Cities Prime Residential Index
As the bears reign supreme, central banks search for the elusive ‘Goldilocks Zone’, says Oliver Salmon
Global real estate investment outlook for 2023
Which global markets and sectors have solid fundamentals and good prospects for growth? Eri Mitsostergiou lists our top picks and the themes that inform them
2023 outlook: Real estate investment in the US
Prime multifamily and logistics opportunities will underpin a more optimistic year for real estate investors in 2023, says Michael Soto