RTO is ratcheting up ...

In many European markets we are going to start to see net absorption picking up as occupiers now have a clearer idea of what the world is going to look like when the workplace trends we have seen emerge over the last 5 years normalise.  Alot of firms have held over in old space and played wait and see - some have downsized as leases rolled ...  the challenge these firms now face is that as the RTO comes  into force and utilization rises, they are going to be short of space.  When they go out to hsop for space they are going to fund acute Class A supply constraint in many of the locations they want to stay in and no pipeline of new builds ... leasing agents are getting bullish and rents are going to rise ...