Space Exploration: Rethinking real estate in the UK

To better understand the implications for all businesses engaged in the property lifecycle, Crowe has conducted a forensic review of how space is being used and repurposed.

The repurposing revolution has begun, with sustainability and net zero serving as additional motivators. The utilisation of space is being reassessed to ensure and improve efficiency and safeguard margins, as well as a response to changing economic situations and occupier desires.

In response, spaces within existing asset classes are being changed and improved, while movement is being seen between and among asset classes as owners and investors realise that, in light of the changes outlined, certain spaces must be utilised in different ways.