IWFM’s latest research into the performance of the workplace and facilities management sector has revealed a dampened outlook for 2023, with higher costs, squeezed cash flows, and a stuttering economy among the challenges causing more than double the proportion of FMs to expect worsening market conditions compared to 2022 (15% in 2022, 31% in 2023).
Although many respondents (41%) believed the market will either improve or improve significantly in 2023, this is notably more pessimistic than the results of last year’s research, where most (59%) expected an improvement.
The IWFM Market Outlook Survey, which the Institute issues every year, puts the key questions direct to the professionals, providing members with vital insights into the sector’s performance over the past year, its expectations for the coming year, the biggest challenges it’s facing, and, new for 2023, IWFM thinking on how best to navigate them.
The report is available for members to download here.
