How Emerging Trends Are Reshaping Office Investment According to PwC's Gareth Lewis

The Caleb Parker Show

May 15 2024 • 23 mins

Will there be a shift in profile of the office real estate investor to recognize the increased risk and potential added value of flexible office spaces?

In this episode of the #WorkBold podcast, host Caleb Parker discusses the future of office real estate valuations and investments with Gareth Lewis, Director of Real Estate M&A at PwC, on a boat in Cannes, France, outside MIPIM.

They delve into the pressing issues surrounding the evolution of office space, highlighting the impact of shorter leases, shrinking footprints, and the rise of flexible workspaces on valuations.

Gareth shares insights on the potential shift in the investor profile to accommodate these changes and the opportunities for creating long-term value in a landscape marked by operational complexities.

The conversation also covers emerging trends such as dispersed workforces, real estate ecosystems, the importance of strategic partnerships, and the embrace of discomfort as a pathway to innovation.

The episode concludes with optimism for the industry's future, emphasising the importance of adapting and finding new ways to create value amidst discomfort.


  • The Evolution of Office Real Estate Valuations
  • Networking at MIPIM
  • Valuing Flex Space: A Roundtable Discussion Recap
  • Investor Profiles and the Future of Office Real Estate
  • Emerging Trends in Real Estate: A Global Perspective
  • Embracing Change and Uncomfortability in Real Estate

Gareth Lewis: LinkedIn | Website

Gareth is the Survey Director for PwC’s Emerging Trends in Real Estate series. He has led many successful European and global projects on behalf of the property sector, engaging senior people from inside and outside the industry and reporting to a Management Board of quoted property company CEOs and investors.

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