Commercial property owners not keeping up with changing needs of tenants

Commercial property owners not keeping up with changing needs of tenants 0

NewcastleA new study from Northumbria University, sponsored by serviced office provider Citibase, claims that the owners of commercial property in the UK stand to lose out on £4.8 billion over the next decade because they are failing to adapt to the changing needs of tenants for more agile spaces. The study claims that property owners in 27 towns and cities in England, Wales and Scotland are already missing out on £325 million annually and paying out another £170 million on holding cost and there are stark differences between the prime and secondary office sectors. The report, Taking Stock: Secondary opportunities and the agile future, claims that out of all total empty stock calculated, only 10 percent of vacant office space is prime, the other 90 percent is secondary. The secondary sector currently has an estimated 26.4m sq ft of office space vacant compared to just 3m sq ft of empty stock in the prime market.

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Insight Briefing: the growth of agile workplaces in the UK public sector

Insight Briefing: the growth of agile workplaces in the UK public sector 0

agile working coverThe process of transforming the UK’s public sector estate may have begun under the last Labour administration but it’s fair to say that change really began to kick in as a consequence of the austerity programme initiated by the current administration. Central Government departments and local authorities had already started exploring new ways of owning and occupying their property in the same way as their private sector contemporaries. Now they were incentivised to respond to an administration that was not only prepared to cut their budgets but was introducing frameworks and legislation that encouraged them to innovate and pioneer a new generation of agile workplaces. In our first Insight Briefing, produced in partnership with Connection, we look at how these forces for change have catalysed a new approach and challenged the idea that innovation in workplace design and management is primarily the preserve of the private sector.

Firms use workplace improvements to invest in their human capital

Firms use workplace improvements to invest in their human capital 0

peopleA survey by CoreNet Global and Cushman & Wakefield claims that 88 percent of EMEA corporate real estate professionals are actively investing in workplace improvements, and 95 percent are addressing workplace technology as part of those upgrades. The results emphasise the importance of human capital, suggesting that factors such as office environment, flexible working and company culture continue to be seen as critical to attracting and retaining talent. The global Talent Agenda Survey, completed by 250 respondents, addresses how occupiers are managing their talent pool against an ever-changing and unpredictable business environment. The survey focused on categories such as the cost of human capital and its value; the key challenges relating to talent access, assembly and retention and the critical role that real estate plays in workplace innovation, efficiency and talent retention.

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Facilities management must become more strategic or risk becoming irrelevant

Facilities management must become more strategic or risk becoming irrelevant 0

facilities managementA new report claims that there are persistent and well-founded perceptions at boardroom level that facilities management is a support function with little or no strategic relevance and that this poses a serious risk to the discipline. While this may raise few eyebrows amongst those who have been aware of the problem for many years, what is startling is that the report comes from the International Facilities Management Association. The report, Redefining the Executive View of Facility Management, authored by Richard Kadzis, highlights the long reported mismatch between this perception and that of facilities managers themselves who believe they represent an industry that continues to adapt to a changing world and add value to the organisation. Conversely, senior executives see FMs as ‘glorified custodians’ whose performance should be measured in terms of the money they save the organisation.

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Study links green building design to higher cognitive performance

Study links green building design to higher cognitive performance 0

Green building

People who work in well-ventilated offices with below-average levels of indoor pollutants and carbon dioxide have significantly higher cognitive functioning scores in crucial areas such as responding to a crisis or developing strategy than those who work in offices with typical levels. That is the headline finding of a new study from the Harvard T.H. Chan School of Public Health’s Center for Health and the Global Environment, SUNY Upstate Medical University, and Syracuse University published this week in the journal Environmental Health Perspectives.The researchers looked at people’s experiences in “green” vs. “non-green” buildings in a double-blind study. The findings suggest that the indoor environments in which many people work daily could be adversely affecting cognitive function-and that, conversely, improved air quality could greatly increase the cognitive function performance of workers.

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Seven ways to make your office work for different workstyles

Seven ways to make your office work for different workstyles 0

Tripadviser2The conversation around office space is shifting. Baby Boomers brought us cubicles, and as millennials joined the workforce, so did the trend of a collaborative, open office. Now, as Generation Z begins to make its way into the workforce, it’s more important than ever to make sure that your office appeals to all generations, and more importantly, all work styles. This trend is taking off in companies of all sizes and types. To begin, study the culture, brand, demographics and interactions of employees and you’ll find that people want to move throughout the day and change their work setting based on tasks. This can be applied to all organizations on different scales. Providing the right environment for unique tasks has the power to energize teams, reinforce the culture and allow for serendipitous interactions all at once.

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Shrinking Asian workplace density could impair business performance

Shrinking Asian workplace density could impair business performance 0

Space utilisation in AsiaWorkplace static density, i.e. the space per sq. ft. per workstation, has halved in many Asian markets over the last decade and in many parts of Asia, this has already reached a point where further reductions will impact productivity, performance and retention. In Hong Kong, India and China, workplace space has shrunk from 100 sq. ft. per desk to 50-60 sq. ft. per desk. This figure is nearly half that of Europe and the US, where density norms are around 150-200 sq. ft. per desk. Elsewhere, in Australia and New Zealand, standards remain more generous at around 90-150 sq. ft. per desk. CBRE’s recent report, Space Utilization: The Next Frontier, looks at how organizations across the region are now under pressure to drive down costs by increasing their workplace ‘static density’ and suggests ways in which companies can use workplace density and utilization data to drive efficiency and business performance.

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Insight briefing + Changing face of office design + Global cities

Insight briefing + Changing face of office design + Global cities 0

Insight_twitter_logo_2This week’s newsletter features our first Insight Briefing, produced in partnership with Connection, which looks at agile working in the public sector. Adrian Campbell says office design needs the direct contribution of its most important influencer, the end user; and Mark Eltringham welcomes a new report that debunks the belief that ‘sitting is the new smoking’. Demand for flexible co-working space looks set to soar; investment in commercial property is at its highest level worldwide since 2008, and businesses continue to find the creation of a productive workplace challenging. Sydney leads the world in Activity Based Working according to the Global Cities report; and working parents in the US are reluctant to let employers know how stressed they really are. Visit our new events page, subscribe for free quarterly issues of Work&Place and weekly news here. And follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

Sydney leads the way in activity-based working finds global cities report

Sydney leads the way in activity-based working finds global cities report 0

hub-city-sydneyIf employers want to attract the best, they need to create spaces where their staff want to work, because providing an inspiring and enjoyable office is now the most critical, cost-effective way to successfully attract the world’s most talented employees. Knight Frank’s Global Cities: The 2016 Report highlights a shift in thinking by the newest generation of workers who expect the same kind of environment which historically, was the preserve of technology and media firms. This new office combines collaborative spaces with individual work areas, as well as providing amenities that encourage people to think of work as an extension of home. Sydney is leading the way with just under a third (28 percent) of all offices already offering activity-based working (ABW) for employees, where the workspace is specifically designed to suit the whole range of activities which will be accommodated.

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Sitting down is no worse than standing for long periods, claims new study

Sitting down is no worse than standing for long periods, claims new study 0

Outstanding Landscape of Affordances 3As we’ve always argued, the now commonly parroted idea that ‘sitting is the new smoking’ is extremely dubious and has led to a degree of hysteria about the effects of sedentary work and the substitution of one harmful extreme for another. Now a new peer reviewed study from researchers in the UK and Australia confirms earlier findings that suggest that what is important is not posture or position, but movement. The study of 5,000 civil servants over a 16 year period was carried out by researchers from the University of Exeter, University College London, and the University of Sydney (Australia) and funded by organisations, such as the British Heart Foundation, Stroke Association, the National Heart and Lung Institute, and the National Institute on Aging. It concludes that ‘no associations were observed between any of the five sitting indicators and mortality risk’.

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How workplace design is more closely reflecting how we actually work

How workplace design is more closely reflecting how we actually work 0

workplace design and how we workIn years gone by, a ‘one size fits all’ approach to office design might have been the norm, but as the decades have progressed, so too have the options available to businesses designing ‘homes from home’ for their office-based workforces. As new interpretations of the office environment proliferated, so the open plan model came to into being and eventually evolved into the default office design model. This initially brought greater variety than ever before but, ultimately, a one size fits all mentality in workplace design ultimately prevailed – every worker was expected to work in certain ways, utilising the equipment and furniture supplied and designed for them. From inception through to occupancy, the average new office involves a six-year period of design and construction involving varying teams of people discussing the best and most attractive solution for the actual end user.

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How biodynamic lighting stimulates sense and performance at work

How biodynamic lighting stimulates sense and performance at work 0

lavigo-pulse-vtl-b1-tagesverlauf-1-bBiodynamic lighting is an artificial light source that replicates the dynamic variations of daylight and sunlight through a light management system. Up until recent times, it was commonly believed that light was only needed for seeing. However, in 2001, an American scientist, G. C. Brainard discovered a circadian photoreceptor in the retina, which receives a specific quality and quantity of light, and sets the biological clock.* He discovered that light not only provides us with the ability to see, but that light enters the eye via the ‘fourth pathway’, which has a vital non-visual or biological effect on the human body. His studies showed that a certain quantity and quality of light stimulates the biological clock, also known as the circadian rhythm, which regulates hormone levels, particularly melatonin and cortisone, in the body and so plays a vital role in our physical and mental wellbeing.

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