RE: VISITED – The Great Office Occupier/Developer Debate follow-on series brings together some of the key themes from our 2021 debates, alongside reflections of the past year and how the real estate industry is evolving to meet the new challenges around the issues of sustainability, lease flexibility and wellbeing.
Part three in our six-part series looks at the wellbeing challenge for occupiers. Wellbeing is without a doubt becoming one of the most important items on a company’s agenda. Investment has dramatically increased in recent years, and there is no sign of this abating. Consensus is that investment will continue to grow in the years to come, with companies increasingly appointing ‘Wellbeing Directors’ to their roster as the area becomes too expansive to be part of the role for HR or FM managers, as currently. Companies recognise the value of wellbeing and the return more than justifies the outlay, though it is worth noting that many initiatives come at little, or no, cost to the company: partnerships and collaborations can provide mutual benefits and so do not involve any direct charge.
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According to Knight Frank’s (Y)OUR SPACE survey, corporate occupiers continue to see real estate as a supplement for a range of strategic agenda items, with 37% of respondents citing wellbeing as one of these items.