Asset-Class Studios

Office Studio: Occupier Demand & Grade-A Value

Apply the core real estate toolkit to the office asset class: what drives office demand, the occupier and the workplace, office leasing and value, and how to read regional office markets from Riyadh's RHQ-driven Grade-A shortage to Cairo and the wider GCC.

Intermediate
4 modules 16 lessons 4 exercises
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The promise

Analyse office demand and what makes Grade-A space hold value.

By the end you can

  • Read occupier demand and workplace trends
  • Grade office stock and its value drivers
  • Assess a building's leasing prospects
  • Advise on stay-vs-go decisions

Where this course takes you

This course is part of 2 role tracks. Each ends in a professional deliverable and stacks toward a named certificate.

Curriculum

01

What Drives Office Demand

White-collar employment, sector mix, Grade A vs B and flight to quality, and the new-supply pipeline that together set the demand and supply picture for an office market.

White-Collar Employment and the Sectors That Fill OfficesReading
Grade A vs Grade B and the Flight to QualityReading
New Supply and the Development PipelineReading
Exercise: Read Office Demand for a City or SubmarketExercise
02

The Occupier & Workplace

How occupiers form space requirements, how hybrid work and space efficiency reshape demand, and how fit-out, sustainability and the green office translate strategy into a building requirement.

Occupier Requirements and Workplace StrategyReading
Hybrid Work and Space EfficiencyReading
Fit-Out, Sustainability and the Green OfficeReading
Exercise: Translate an Occupier's Needs into a Building RequirementExercise
03

Office Leasing & Value

Headline vs effective rent and incentives, income security through WAULT and covenant, and the move from income to value via the capitalisation rate.

Headline Rent, Effective Rent and IncentivesReading
WAULT, Covenant and Income SecurityReading
From Income to Value: The Capitalisation RateReading
Exercise: Value a Leased Office from Its IncomeExercise
04

Regional Office Markets

Reading regional office markets: Riyadh and RHQ/relocation demand, Cairo and the wider GCC, and the oversupply, cycles and demand geography that decide where to act.

Riyadh: RHQ-Driven Demand and the Grade-A ShortageReading
Cairo and the Wider GCCReading
Oversupply, Cycles and Where the Demand IsReading
Exercise: Recommend an Office StrategyExercise

Course assessment

Office Studio — AssessmentPass 70%

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The capstone project

This course ends in a real professional deliverable. Complete the course — including the capstone — and your certificate is issued automatically.

Your final deliverable

Office Strategy Capstone: The Acquisition / Leasing Recommendation

A decision-ready recommendation that: reads demand by grade and names its specific engine; assesses the building on grade, efficiency and sustainability; strips incentives to reach effective rent and (for investors) capitalises a sustainable NOI at a justified cap rate with a stated sensitivity range; and closes with a clear recommendation and its three biggest risks. Strong submissions disaggregate by grade instead of citing citywide averages, make hybrid and cap-rate assumptions explicit, and flag every unknown as requires local market data rather than guessing.

Graded on five criteria

  • Method & rigourThe right framework, applied correctly, with the working shown — not just an answer.
  • Data honestyEvery figure is sourced, triangulated, or explicitly flagged “requires local market data”. Nothing is invented.
  • Analysis & judgmentAssumptions are explicit, at least one alternative is weighed, and the key risks are quantified.
  • RecommendationA clear, decision-useful conclusion a professional could act on — with the conditions that qualify it.
  • CommunicationStructured, concise, and client-ready — the argument lands.

Pass criteria

A submission passes when it meets the bar on all five criteria — the work is something a competent professional could put in front of a client or committee. The Verified Professional credential is issued on a pass.

Resubmission

Work that isn't there yet comes back marked “needs work” with specific feedback. You revise and resubmit — there is no penalty and no limit on attempts.

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