July 12, 2019

Regional productivity gaps at near record high

Differences in typical household incomes across the UK’s regions and nations have halved since their 1990 peak, but differences in productivity remain close to record highs, according to new research published by the Resolution Foundation. The report, Mapping Gaps, examines the relative economic performance of UK regions and nations since the 1960s, and the extent to which this has driven differences in household living standards. The report notes that regional inequality is a hot topic – particularly since the EU referendum exposed huge voting divides between London, Scotland and Northern Ireland, and the rest of the UK – and that the UK is one of the most unequal countries in the OECD when it comes to the relative economic performance of its regions and nations.

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July 4, 2019

Smart cities spend to top $189 billion in next five years

by Neil Franklin • Cities, News, Technology

Global spending on smart cities will reach $189.5 billion in 2023, according to the latest IDC Worldwide Semiannual Smart Cities Spending Guide. The report claims that the main priorities for investment will be resilient energy and infrastructure projects, followed by data-driven public safety and intelligent transport. It suggests that these priority areas will account for more than half of all smart city spending throughout the 2019-2023 forecast period. The guide claims to quantify the expected technology opportunity around initiatives at a regional and global level. (more…)

June 19, 2019

London councils form office of technology and innovation

by Neil Franklin • Cities, News, Technology

The London Office of Innovation and Technology (LOTI) has been officially launched, ushering in what the fifteen councils behind the initiative claim will be a new era of digital transformation. The councils claim that London’s public services will benefit from faster adoption of technology, data and digital skills. The city-wide venture is a collaboration between all 32 London boroughs with the Mayor of London’s backing.

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June 14, 2019

Top ten cities in UK for economic growth led by Edinburgh

by Freddie Steele • Cities, News

According to the 2019 Vitality Index by Lambert Smith Hampton, Edinburgh is the city with the best prospects for UK economic growth, with Cambridge and Manchester coming in second and third place, despite the UK’s uncertain economic and political environment. Compiled every year, The Vitality Index claims to provide a comprehensive assessment of the health of UK towns and cities, considering education, entrepreneurialism, affluence, productivity, growth and environmental factors.

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June 7, 2019

London workers more attracted to job than socialising

by Marie Hillen • Cities, Flexible working, News, Workplace

Socialising and drinking opportunities are some of the least enjoyable things about working in London, as loving their job and a chance to grow personally is more of an incentive for those who work in the Capital, a new report suggests. The survey of 1,000 London workers by Flexioffices, claims that 75 percent of employees in the city enjoy going to work for the personal development opportunities, training and the job itself. Flexible hours are becoming an increasingly enticing aspect of a job, with 21 percent of London workers liking their workplace because of the flexible hours available.

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May 30, 2019

Appeal of London as capital of HQs diminishing

by Mark Eltringham • Cities, News

London faces the loss of its status as a global magnet for corporate headquarters unless it addresses a range of factors that are diminishing its attractiveness, according to a new report from the Centre for London. Brexit, dated transport infrastructure and worries about its pool of talent are all risks to the capital’s ability to attract and retain the HQs of multinationals claims the report. (more…)

May 27, 2019

Milan named as best city in world for wellbeing

by Neil Franklin • Cities, News, Wellbeing

Milan has been named the 2019 Wellbeing City as part of the Wellbeing City Award, which claims to be the first global award recognising city-led action. Five Award Laureate Cities have been announced as part of the Award and will be honoured at The Wellbeing Cities Forum in Montréal on June 19, 2019. The annual Award has been developed by NewCities in partnership with the Novartis Foundation, the Novartis US Foundation, and in collaboration with the City of Montréal, Toyota Mobility Foundation, Transdev, and the US Green Building Council. (more…)

May 23, 2019

Boosting low carbon building renovation across Europe

by George Eltringham • Cities, News

Today, the World Green Building Council’s European network, in collaboration with eight cities and partners announced the launch of Build Upon, the next phase of what it claims is the world’s largest collaborative project on building renovation. With cities across the world declaring climate emergencies and climate action high up on the agenda for the European elections, this European Union (EU) funded project will empower cities across Europe to join forces with national governments and industry to decarbonise their existing building stock by 2050 and so increase the proportion of low carbon building across Europe. (more…)

May 23, 2019

Demand outstrips supply for Edinburgh office space

by Marie Hillen • Cities, Facilities management, Technology

The majority (90 percent) of Grade A deals for commercial offices in Edinburgh so far this year came from the tech sector, according to Savills, resulting in TMT being the most active business sector of the first quarter of 2019. Key deals included Amazon signing for 30,000 sq ft at Exchange Crescent and Epic Games taking 10,000 sq ft at Quartermile 2. This reflects that fact that over the past five years, Edinburgh has seen employment growth of 7 percent in the professional scientific and tech industries and is forecast to see a further 11 percent over the next five years; resulting in a projected 3,800 net additional jobs in these industries

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May 21, 2019

CRE investment highest in cities with strong tech culture

by Marie Hillen • Cities, News, Property, Technology

Cities with tech innovation-oriented cultures have a strong competitive advantage amongst those investing in commercial real estate, claims a new report from JLL (registration). Of 109 cities analysed, the nine leading global markets – Boston, London, New York, Paris, San Francisco, Seattle, San Jose, Sydney and Tokyo, accounted for around 37 percent of total annual real estate investment volumes over the past decade. Like real estate investors, corporate occupiers also search for locations that have advanced innovation ecosystems, the report suggests. These cities sustain highly skilled workforces and are best placed to succeed in the future.

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May 3, 2019

Take up of office space in central London strongest for six years

by Marie Hillen • Cities, Facilities management, News, Property

The first quarter of 2019 saw take-up of office space in central London at its strongest for six years, as it continues to outperform expectations. This is according to Savills, which also reports 1.16 million sq ft of new lettings being agreed in the City of London. In the West End, 42 transactions completed in March alone took total activity for Q1 2019 to 98 office lettings. In the City, there were 100 occupational deals for the year to date, of which 33 completed in March. The tech & media sector accounted for the largest share of take-up in the West End, at 25 percent, while the City benefited from a surge of serviced offices.

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April 25, 2019

MPs to investigate impact of placemaking and built environment on productivity

by Mark Eltringham • Cities, News, Property, Workplace design

The All Party Parliamentary Group on Building Communities is calling for evidence and contributions from all organisations with an interest in the built and natural environment to contribute to its new consultation, which aims to explore how placemaking can lead to greater productivity in the UK. As part of its remit, the APPG seeks to conduct research on the concept of ‘placemaking’ and investigate design practices that maximise the social value of infrastructure. In this way the APPG hopes to build an evidence base that can be used by policy makers when engaging with the build and natural environment.