November 14, 2018
Proportion of flexible space within corporate portfolios to increase dramatically
Despite the proliferation of coworking and serviced office operators the majority of global corporates still occupy office space on a traditional lease model, with two thirds of companies in a survey by Knight Frank reporting that co-working, serviced and flexible office space comprise 5 percent or less of their current office space. Knight Frank’s Your Space report, which surveys senior executives at 120 global companies which collectively employ in excess of 3.5 million people worldwide and occupy an estimated 233 million sq ft of office space, found that just a small minority, less than 7 percent, said that flexible workspace exceeds a fifth of their total workspace. (more…)
New research suggests as the supposed ‘technologically savvy’ millennials enter the workforce they are more likely than older workers to break the most basic of security rule, reusing passwords across different accounts. This is according to the results of the 10th Annual Market Pulse Survey from SailPoint Technologies Holdings, which finds that despite an increased focus on cybersecurity awareness in the workplace, employees’ poor cybersecurity habits are getting worse, which is compounded by the speed and complexity of the digital transformation. 
Over half of home workers say they appreciate the benefits that home working offers but nearly a quarter complain of loneliness too, a new survey from BHSF claims. When asked how working from home makes them feel, the top three responses were: free (50 percent), in control (47 percent) and calm (46 percent). However, a significant number of those surveyed chose more negative words to describe their feelings. Just over a quarter (26 percent) said that working from home made them feel remote, 24 percent felt isolated and 21 percent lonely. 
Workers are increasingly introducing technology devices, software and other tools into the workplace without their employer’s approval, claims a new report from NextPlane that examines the extent of this growing rift and its impact on collaboration and productivity. Nearly half of professionals (46 percent) said they or their team have introduced new technology into their workplace, and despite IT attempts to remain in control, workers are not standing down, as 53 percent said they or another team have pushed back on IT or management when they tried to dictate the technology they use.
The gig economy has helped lead to the doubling in size of the flexible office space sector since 2014 and it’s set to grow by up to 30 percent per year over the next five years claims new research published by JLL. Disruption or Distraction, a report delving into the growth of flexible office space across Europe explores the main drivers of the sector’s boom – including evolutionary changes in how, when and where people work, shifts in lifestyle, and rapid advancements in technology – and provides unique insights into the risks and rewards for both companies and real estate investors in Europe. 
The rise of data and digitisation has led to the demise of the traditional working day for many CEOs, with a third now checking business analytics first thing in the morning and last thing before they go to bed. This peaks at 54 percent among 25-34 year olds but drops to just 5 percent for leaders over 45, who are much more fixed to their desk. According to the research by Domo (registration required), 80 percent of these leaders prefer to wait until they are in the office to check in. Three quarters (71 percent) of CEOs across the UK and Ireland believe their business could be at risk from current blind spots in data access and skills, however, there is another demographic split. 84 percent of CEOs age 25-34 said it could be a risk, compared to just half of over 55s.
One in three UK workers don’t have any form of breakout space to get away from their desk and over half (56 percent) of them don’t even have anywhere to eat lunch in their office, new research claims. The survey of UK office workers carried out by Furniture123.co.uk suggests that as a result of this 34 percent of employees say they resort to eating lunch at their desk, which they feel is having a detrimental effect on morale and productivity. Nearly three quarters (69 percent) of those surveyed felt they worked less productively as a result of not taking a break away from their desk over lunch, and almost half (47 percent) believe they would work more efficiently in the afternoons if they took a full hour for lunch. 
London’s office market continues to attract occupiers and investors, despite political and economic uncertainty JLL’s recent Central London offices seminar revealed. The event highlighted the strength of the capital’s office market where Central London has seen sustained levels of both leasing and investment activity so far in 2018 and JLL anticipates that the final numbers will match, if not exceed those recorded in 2017. Take-up of offices across Central London reached 8.3m sq ft at the end of Q3 2018, with 3.1m sq ft leased in the West End and 4.5m sq ft in the City.
November 2, 2018
Happiness at work: Lessons from home
by Dr Tracy Brower • Comment, Facilities management, Wellbeing, Workplace, Workplace design
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