TMT overtaking the traditional sectors

Abstract

Purpose

The paper aims to examine the state of the technology, media and telecommunications (TMT) sector at the global level from an occupier perspective. It provides a snapshot of activity in various geographic locations and looks at the major trends and underlying drivers. The paper suggests the implications of these trends for property with emphasis on opportunities for corporate occupiers.

Design/methodology/approach

The paper uses in-house data on property take up and internal as well as external sources on economic activity combined with documentary analysis and expert knowledge.

Findings

The paper suggests that the TMT sector could overtake the financial services sector as the main engine of global office take up. The paper also finds that the TMT sector is increasingly choosing to locate in central business districts as opposed to traditional out-of-town business parks.

Originality/value

This paper fulfils the need to understand some of the major shifts taking place within the TMT sector and make a connection between these changes with the property sector emphasizing on corporate occupation.

Citation

Woodford, K. and Kuljanin, M. (2013), "TMT overtaking the traditional sectors", Journal of Corporate Real Estate, Vol. 15 No. 3/4, pp. 244-271. https://doi.org/10.1108/JCRE-09-2013-0022