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MIND THE GAP BETWEEN RECOGNITION AND

ADOPTION

CRE leaders around the world recognize that the work

environment is an important factor for attracting and

retaining talent. Nine out of 10 global survey respondents

said the physical workplace is a fundamentally important or

critical factor in securing superior workers and enhancing

their wellbeing.

Yet, many said their workplace practices fall short of

providing a “great place to work” or an ideal environment

for attracting innovative workers. 63% of respondents

said their companies dedicate less than 25% of space to

collaboration, although this varied by industry: 47% of

financial services firms devote at least one-quarter of space

to collaboration, but only 8% of industrial sector firms do.

The two most surprising facts from the workplace survey

are the pace of adoption of agile workplace strategies

and introduction of co-working space as part of standard

portfolio strategy. 22% of respondents are already using co-

working space and a stunning 69% have implemented or are

testing agile workplace policies with 89% in EMEA.

WORKPLACE

of global responses indicated that they

have compulsory workplace standards, with

APAC witnessing a higher proportion.

WORKPLACE STANDARDS

EMEA

WORKPLACE AS A CRITICAL OR VERY

IMPORTANT TALENT RETENTION FACTOR

U.S.

APAC

25%

33%

44%

North America

89%

91%

96%

33%

EMEA

APAC

CONCLUSION

The alignment of CRE strategies with corporate priorities continues to be an elusive goal, but the survey results show progress

in several areas persists a penny-wise-and-pound-foolish focus on occupancy cost reduction often driven by the lack of clear

process to translate wider organizational strategies into practical CRE decision making. On the other hand, the fast-rising

levels of flexibility and co-working space, and the changing location strategy to more effectively pursue talent, show that

C-suite executives are starting to make the connection between leading-edge CRE strategy and corporate success.

TAMÁS POLSTER

Co-head of Strategic

Consulting, EMEA

Global Occupier Services

tamas.polster@cushwake.com

DAVID PETROCZY

Business Consultant

Strategic Consulting, EMEA

Global Occupier Services

david.petroczy@cushwake.com

ANDREW HEARD

Research, EMEA

andrew.heard@cushwake.com

NEIL MCLOCKLIN

Co-head of Strategic

Consulting, EMEA

Global Occupier Services

neil.mcklocklin@cushwake.com

50 The Occupier Edge