The changing DNA of the office sector
Riyadh, KSA, 2 May 2018 – Colliers International, The Global Commercial Real Estate Leader, released its latest white paper covering current and future trends on the Saudi Arabian office sector. With significant changes occurring in the Kingdom, the research paper looks at the current position and highlights the impact and opportunities those changes will bring about.
Colliers report looks at change drivers identified as a combination of local and global factors such as International companies’ expectations, Government emphasis on private sector funding, millennials entering workforce and the emergence of young Saudi entrepreneurs. It then highlights how those trends are expected to change the landscape of the sector in the major cities.
The landscape and trend changes are discussed for their impact on performance and key characterises with commentary on the challenges and opportunities in line with the Government’s 2030 vision.
“There are significant changes happening in the Saudi economy, these changes coincide with global changes in working patterns, office design and new supply of office space. Colliers’ report looks at the combination of these factors identifying the current and future challenges and opportunities”. Commented Imad Damrah, Managing Director, Colliers International KSA.
The overview concludes by drawing in global critical success factors like flexibility, co-working, lifestyle supporting facilities and amenities, location and the differentiated quality offering.