In the latest edition of “The Real Estate Corner,” organised by Investment Strategies, real estate sector experts gathered to discuss the opportunities offered by investing in offices and the trends for the coming year.
Optimistic Vision and Valuation Adjustment
The experts shared an optimistic outlook on the office market 2024, highlighting a valuation adjustment. Fernando Ferrero, from Merlin Properties, mentioned a 2.5% adjustment in valuations of their portfolio, reflecting some stability after a period of adjustments.
Promising Market and Stabilization
Merlin Properties, with 1.3 million square meters of offices in major cities, sees the office market positively for 2024, considering it a promising year for the sector. Martín Galbete, from Colliers, anticipated increased activity in the market as interest rates stabilise and expectations between buyers and sellers align.
Importance of Adapting to New Work Dynamics
The experts emphasised the need to adapt to a hybrid work model driven by the aftermath of the pandemic. From Grupo Insur, Enrique Ayala emphasised the importance of following general trends and adapting to market decisions.
Demand for Flexible and Sustainable Spaces
There is a growing demand for flexible and sustainable spaces and more significant differentiation between offices in prime and peripheral locations. Galbete assured that companies are prioritising offices that are adapted to ESG criteria and have environmental certificates.
Preparation for Market Opportunities
In summary, the office market is heading towards 2024 with optimistic prospects, marked by adaptation to new work dynamics and growing demand for flexible and sustainable spaces. The experts emphasised the importance of being prepared for this transformation’s opportunities.
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