January 8, 2019

Record take up in Northern Ireland office market amid concerns over future investment

by Sara Bean • Cities, Facilities management, News, Property

The Northern Ireland office market had a record year in 2018, with a 100 percent increase in take-up, according to the latest figures from CBRE. The Northern Ireland (NI) office sector enjoyed its most successful year on record with 885,023 sq ft of take-up reported across 84 transactions, more than double that achieved last year. Notable office deals completed in 2018 included the PwC move to Merchant Square, Northern Ireland Civil Service at 9 Lanyon Place, Allstate at Mays Meadow, TLT at River House and Baker McKenzie at City Quays 2, which is part of Belfast’s City Quays mixed-use regeneration project. However, according to CBRE’s Real Estate Outlook report, the office market in NI is hampered by a severe lack of investment deals in the face of ongoing local, national and international political uncertainty. This means that while the real estate market in Northern Ireland generally has performed well in 2018, the investment sector experienced a decrease in activity as a resulting knock-on effect of the current political situation locally at Stormont as well as ongoing Brexit negotiations.

January 3, 2019

Demand by global businesses for London office space remains high

by Sara Bean • Cities, Facilities management, News, Property

Office investment volume in Central London in 2018 is expected to come close to £20 billion, despite the ongoing economic and political uncertainties of Brexit. According to Savills London witnessed notably above average levels of office take-up in 2018 and achieved the best ever City of London rent (£80 per sq ft). The list of global businesses committing to long term leases has continued to grow with announcements in the last 12 months from Facebook, LinkedIn and Sidley Austin. The constrained development pipeline has seen more office pre-lets over 50,000 sq ft agreed in 2018 than ever before, while a shortage of available Grade A options has matured into a greater number of development opportunities. Savills also predicts a greater number of value-add and development opportunities coming to the market and that trading in London will insure the ongoing creation of the world’s best office buildings in a city where people will continue to want to work. This in turn creates new investment opportunities for global investors searching for prime assets.

December 21, 2018

The ten most read stories on Workplace Insight for 2018

by Mark Eltringham • Facilities management, Features, Property, Technology, Workplace, Workplace design

We can’t help but feel that the world caught up with us a bit during 2018. We’ve been talking about the intersection of people, place and tech since we started up five years ago. Of course, we weren’t even the first to do this. As we’ve always acknowledged, we’re standing on the shoulders of the giants who first recognised what was happening a quarter of a century ago. Many of the ‘trends’ with which we are presented are nothing more than the crystallisation of ideas first expressed by people in the 20th Century. They seldom get their due.

December 18, 2018

As we enter our darkest hours, quality of office lighting needs attention

by Sara Bean • Facilities management, Lighting, News, Wellbeing

As we enter the darkest days of the year, office workers in the UK are set to get virtually no natural light. For instance, today (18 December) sunrise in London is at 08:01 and sunset is 15:52, meaning office workers are commuting to and from their offices in the dark. The quality of lighting within many workplaces is often not much better, as despite 80 percent of UK office workers, saying good lighting in their workspace is important to them, two-in-five (40 percent) say they have to deal with uncomfortable lighting every day and a third (32 percent) said better lighting would make them happier at work. However today some Londoner’s will have the chance to get a much-needed dose of light at an uplifting Light Station supplied by Staples at Southwark Bridge tunnel which will be open to the public from 9:00 to 16:15.

December 18, 2018

Only small number of workers happy with their office temperature

by Sara Bean • Coworking, Facilities management, News, Wellbeing

Just 16 percent of workers are satisfied with the temperature of their office, while a majority (89 percent) claim they lose productivity if the temperature isn’t quite right, new research suggests. Nearly half (46 percent) experiencing cold office temperatures say this makes them the most unproductive, according to research by Workthere. Only 8 percent of those based in coworking and shared workspace and 10 percent of staff in leased workspace, believe that their office is always the right temperature, while just 3 percent of respondents revealed they have a separate space to work in if they’re too hot or cold. It seems that keeping warm is the biggest challenge for British office workers with 47 percent admitting to wearing additional layers at their desk and 37 percent often making themselves a hot drink to fight the office chill. A surprising 17 percent of respondents even admitted to bringing in a personal heater to warm up which is a worry for employers, given that it costs £3.43 on average to run a 3 kilowatt heater for eight hours.

December 14, 2018

Decline in new UK commercial property construction work within private sector

by Sara Bean • Facilities management, News, Property

The results of the EU referendum have been detrimental to the commercial property sector with the number of constructions continually decreasing, according to an analysis of the figures by Savoy Stewart. With figures from the Office of National Statistics (ONS) showing a monthly decline in the number of new UK commercial construction work undertaken by the private sector since December 2017, the property firm analysed the number of commercial properties available to let in 20 of the biggest cities in the UK.

December 13, 2018

European property sector predicted to grow next year, despite economic challenges

by Sara Bean • Facilities management, News, Property

The European property sector is predicted to grow next year, according to CBRE’s 2019 EMEA Market Outlook report. Although recent indicators suggest some slowing of momentum economic growth in Europe will remain above-trend rate in 2019 and 2020, with Spain, Ireland and the central European countries expected to see the fastest economic growth. France’s growth is expected to accelerate as recent economic reforms begin to pay off; however, UK growth is expected to remain below-trend, but with better long-term potential once the current uncertainty around Brexit passes. Office markets around the region are expected to see positive growth in leasing levels in 2019. However, major European cities, including Paris, Berlin, Stockholm and London, are expected to see lower levels of employment growth in office-using sectors. More →

December 7, 2018

Seven reasons why this will not be the office of the future

by Mark Eltringham • Comment, Facilities management, Furniture, Workplace design

At this time of year, it seems like we don’t have to wait more than a few hours before some or other organisation is sharing its prognosis about how we will be working in the future. The thing these reports usually share in common, other than a standardised variant of a title and a common lexicon of agility, engagement and connectivity, is a narrow focus based on their key assumptions about what the office of the future will be like. While these are rarely false per se, and often offer valuable insights, they also frequently exhibit a desire to look at only one part of the great workplace elephant. While the more informed reports make excellent points and identify trends, across most there are routine flaws in thinking that can lead them to make narrow and sometimes incorrect assumptions and so draw similarly flawed conclusions. Talk of the office of the future tells us rather a lot about how we view offices right now.

December 7, 2018

Accelerating rate of digital tech and smart buildings to transform the built environment

by Sara Bean • AI, Cities, Facilities management, News, Technology, Workplace design

Technology is in the process of transforming almost every aspect of society, with change happening at an “accelerating rate,” and this is being made possible due of simultaneous rapid advances in several key areas of technology. This is according to a new White Paper on ‘Megatrends: Smart Building Technology’ from BSRIA (registration required) that predicts this will have a huge impact on construction and building services; from the way buildings are constructed to how they are managed and interact with occupants. More →

December 6, 2018

Groundbreaking study links productivity to air quality

by Sara Bean • Facilities management, News, Wellbeing

A new study of UK indoor office environments has found a direct correlation between the quality of the air in offices and its effect on workplace productivity. The two-year research initiative, backed by facilities company EMCOR and carried out by academics at Oxford Brookes University and LCMB Building Performance found that workers were able to work up to 60 percent faster in lower CO2 concentrations. It revealed that an increased intake of CO2 can lead to poor decision making, slower reaction times and increased tiredness among employees. Currently, UK productivity is 26.2 percent lower than Germany based on GDP per hour worked – and 22.8 percent less than France. Yet despite ten years of tactics to help close the gap, this is the first time environmental factors have been considered. More →

December 6, 2018

Siemens new Swiss campus showcases workplace technology and use of BIM in construction

by Mark Eltringham • Case studies, Company news, Facilities management, Technology, Workplace design

Siemens AG has officially opened its new campus in Zug, Switzerland. The Siemens Zug campus features a new office building with 1,000 work spaces and a newly constructed production building. The investment volume for new buildings, renovations and related measures amounts to CHF 250 million. The campus is the international headquarters of the Siemens Building Technologies (BT) Division, which has 29,000 employees. Construction of the office and production buildings began in May 2016 and was completed in July 2018. The Siemens Zug campus is one of the first new projects to use Building Information Modeling (BIM) for design and construction. The digital twin – a 3D model of the building, enhanced with technical information relevant for later operations – is the foundation for efficient, cost-optimised and forward-looking building management. More →

December 5, 2018

Government report calls time on late payments, addresses productivity puzzle

by Mark Eltringham • Facilities management, News, Property

The culture of late payment by large firms has led to the failure of many small businesses in the UK and prevented even more from thriving and improving their productivity, according to a parliamentary select committee report published today. The Business, Energy and Industrial Strategy (BEIS) committee has called on the government to enforce tougher measures on large firms who treat small businesses “disgracefully” by enforcing long payment terms or paying their suppliers late. The Small businesses and productivity report said that, for an SME to succeed, it is crucial they are paid fairly and on time.