Tech, Trends, Workspace Views and UltraSoft News
Trump’s Tariffs May Turn the Office Market Upside Down as Costs Soar
The global economy is feeling the heat as Trump's tariffs continue to ripple across industries, with the office sector not immune to the effects.
Stocks are taking a hit worldwide, and businesses are grappling with rising costs and supply chain disruptions. Companies are having to reassess their real estate strategies as tariffs add new complexities to leasing and office fit-outs. With higher material and construction costs due to tariffs, businesses will start to face challenges in maintaining budgets for office expansions, renovations, and new leases.
As companies look to optimize their office spaces and control costs, they may start to shift focus to more flexible or hybrid workspace models, while others are delaying or rethinking major real estate investments altogether.
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Industry News and Announcements
The Trump administration has quietly launched a coworking initiative for federal employees, partnering with LiquidSpace and DHC Real Estate. The move aligns with efforts to streamline federal real estate and encourage shared office space across agencies.
The UK commercial real estate market hit £50B in 2024, driven by "office-curious" investors, with volumes set to rise to £53B in 2025.
Suburbs are the new business hotspots as flexible workspaces skyrocket, with demand up 25% in the U.S. and growing in the U.K. and APAC. Cities like Miami, Austin, and Raleigh lead the charge, while areas like Uxbridge and Slough see rising interest in hybrid models. Australia’s Sunshine Coast has also seen a 212% increase in demand since 2019.
The office sector is bouncing back, with global fit-out costs rising 5-15% amid economic uncertainty. JLL’s 2025 guide shows North America leading at $3,070/sqm, while Asia Pacific is the cheapest at $1,460/sqm. Demand for sustainable offices is up 60%, with energy-efficient upgrades saving up to 40% on operational costs.
Coworking space leasing in India dropped 43% year-on-year to 2.16 million square feet in Q1 2025, as their share of total office leasing fell from 22% to 12%.
If you have any news (new coworking space openings, new offerings, etc.) forward it to us at news@ultrasoftbis.com
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Who is UltraSoftBIS?
UltraSoftBIS is an all-in-one software for business centre operators, coworking spaces, and flexible workplaces. It automates key tasks like sales, proposals, license generation, e-signatures, inventory management, reservations, billing, and reporting in a single integrated system.
