Why serviced offices are still mispriced and why that’s starting to change Partner As offices shift toward hospitality and operational value, a familiar tension is emerging in capital markets:how do you value a building when the income looks more like a business than a lease? For many investors, serviced and flexible offices still sit in an uncomfortable grey area. They don’t fit neatly into traditional valuation models, and [...]
The next shift isn’t about space. It’s about service. Partner If 2026 is the year the office market resets, the next question is simple: where does the value actually come from? The answer isn’t square footage. It’s operations. For years, offices were treated as static assets. Build it, lease it, collect the rent. That model worked when capital was cheap and occupiers were less demanding. [...]
The office isn’t broken. The model was. Partner For the first time in a long time, the office market looks set to turn in 2026. Not because sentiment has suddenly improved, but because the fundamentals are finally lining up. Property cycles don’t reset on headlines. They reset when the maths starts working again, and that moment is approaching. Over the last decade, offices [...]
