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Obsolescence to Resilience Research

​​​Obsolescence - an ever increasing risk but an opportunity for the savvy

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We are delighted to launch our latest white paper – From Obsolescence to Resilience. The paper explores the key factors driving obsolescence and considers how value can be created through strategic refurbishment and asset management.

Obsolescene Report


Download as a PDF or an e-book

This time it's different
This is not a new issue but three key drivers - Legislation, Corporate requirements and Technology - will now accelerate depreciation and drive obsolescence.

"...the combination of circumstance will see obsolescence raise its head to an extent not previously seen"*

Risks, opportunities and strategies
The risks and opportunities for both investors and occupiers are discussed and three key strategies are outlined.
Each strategy can be adopted in order to maintain or increase a building’s asset value. The accompanying case studies demonstrate how the strategies take into account capital expenditure, value creation potential, underlying risks and market requirement.

Should you be interested in discussing the impact of Obsolescence further with our expert team, please do not hesitate to contact us.

Key headlines include:
• Offices by nature are more prone to depreciation and obsolescence than any other commercial sector.
• The industry will be forced to adapt quickly to risks being driven by fundamental changes in sustainability, corporate requirements and technology.
• Obsolete stock is likely to display longer voids, lower rental growth and higher rent free periods
• Now more than ever, sustainable refurbishment and proactive asset management will be required, with an opportunity for the investment savvy to mitigate these risks.
• Outperformance will logically derive from high quality sustainable product and from proactive refurbishment and upgrading of stock.

Should you be interested in discussing the impact of Obsolescence further with our expert team, please do not hesitate to contact us.

* BCO (2012), ‘Change for the good: Identifying opportunities from obsolescence.

Aldwych Quarter is open for business

Discover one of the finest examples of JLL delivering a truly integrated solution in the transformation of an iconic landmark from potential obsolescence to long-term resilience.

  
Follow the journey of Bush House, the former home of the BBC World Service, through time to the creation of Aldwych Quarter, a fully modernised office campus that is now ready to continue its legacy with a new generation of businesses.