September 9, 2016
Fall in demand for office space across the United Arab Emirates 0
Redundancies in the oil and gas, finance and banking sectors have stifled demand for office space across the United Arab Emirates (UAE). Cluttons’ 2016 UAE Property Market Report expects declines of close to 5 percent in Abu Dhabi and Dubai, with Sharjah predicted to see declines of closer to 10 percent by the end of the year. With challenging economic conditions expected to persist in Abu Dhabi in the short term, the prospect of seeing a surge in take up activity remains low. Consolidation activity remains a dominant feature of the market, while some firms are taking a ‘wait and see’ approach to relocating from more secondary space, deterred by the capital expenditure associated with a move. In Dubai landlords’ are getting used to quieter conditions due to the emphasis occupiers are placing on budgets; while after six months of stability in Sharjah’s office rental market, rents are starting to falter, with two of the city’s three major office markets registering declines.
September 10, 2016
Home working myths + Millennial’s needs + Global sustainability 0
by Sara Bean • Comment, Facilities management, Flexible working, Newsletter, Property, Workplace, Workplace design
In this week’s Newsletter; Mark Eltringham finds some global patterns in office design, but many local differences; suggests we stop treating Generation Y as an alien species; and shares a new report which suggests that younger people are in fact people after all. A new study finds that the perceived benefits of working from home disappear over time; Germans now work significantly longer hours than twenty years ago; and two thirds of those who have worked as an independent contractor in the US would choose not to do so again. The commercial office sector leads the global property market in sustainability; Mothers with young children are a third less likely to be in work than fathers; and we round up the latest post-Brexit news. Download our new Briefing, produced in partnership with Boss Design on the link between culture and workplace strategy and design; visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.