INDUSTRY SPOTLIGHT
Offices
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Offices industry overview
Office real estate is experiencing headwinds, as remote and hybrid work models depress demand, sending vacancy rates soaring to 13.7 per cent nationally and higher in some markets. Companies have begun leasing and subleasing smaller footprints and learning how to use the spaces they do have in new ways.
Why it matters:
The shift to hybrid work has created long-term structural changes in office demand.
- Companies are increasingly opting for smaller, flexible leases rather than large, long-term commitments.
- This has led to a rise of coworking spaces and flexible leases, which are expected to expand massively over the next few years.
Between the lines:
With more sublease space on the market than ever before, office landlords are offering more rent concessions and tenant improvements to keep tenants.
- High vacancy rates, particularly in older or less desirable stock, are encouraging owners to reconsider the future of their office properties – transforming them into homes or data centres, for example.
Our expert team is equipped with the knowledge needed to develop successful, investment-worthy ventures in the Offices sector
What we do:
We help to secure necessary venture funding, find profitable M&A options, and craft impeccable Offices pitch decks and business blueprints.
Go deeper:
Explore our Offices market analysis to learn about the latest trends, startup challenges, and key strategies for securing investment.
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