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London

JLL identifies the ‘Big Eight’ megatrends that will impact on UK real estate

New report says businesses must adapt to major transformative forces to stay competitive


JLL has identified the ‘Big Eight’ sustainability megatrends that will impact on the success of UK real estate over the next 15-20 years. The report urges businesses to adapt to these major transformative trends to stay competitive.

Analysing a total of 40 themes, JLL’s Upstream Sustainability Services team has pinpointed eight interconnected sustainability trends which are most critical to the UK property industry. The report discusses practical steps across retail, residential, offices and industrial & logistics asset-types that should be considered by property investors, developers and corporate occupiers who want to future-proof their business in the long term. 

The ‘Big Eight’ trends are:
The low carbon economy
Technological innovation
Urbanisation
Land and resource scarcity
Workforce transformation
Changing demographics
Health and wellness
Transparency and social value

Beth Ambrose, Associate Director, Upstream Sustainability Services, JLL, said: “These megatrends are evolving at an unparalleled speed - ten times the pace of the industrial revolution with 3,000 times the impact. They are fundamentally changing the way we live and do business so companies must innovate ahead of anticipated changes and adapt so that they are at least robust, and at best flourishing, in the long term. 

“Technological innovation, resource constraints, changing demographics, climate change and the shift to a low carbon economy are trends that are causing disruption or even revolution across a variety of business sectors and property types. Technology is probably the one trend that is most exciting for business. While ecosystems and societies run up against increasing limitations, technology gets ever better and faster.”

Beth Ambrose, continues: “Our report unravels the biggest megatrends and seeks to explain what they will mean for business; whether it’s the effect 3D printing might have on shopping centres or the impacts on office space design due to workforce transformation and demographic change. It is important for the real estate world to consider these impacts. They must work out how to quickly and effectively respond to meet the needs of their business and stay competitive. The first movers will gain the most value.” 

To view the report click here​.