October 16, 2018
How landlords can maintain their mojo and retain tenants
Flexibility is rocking the foundations of the traditional commercial real estate world. It’s entering our workforces, our offices and the shock waves are extending to the relationship between landlord and tenant. This demand for increased flexibility from the world’s workforces is due to a convergence of social and economic factors. JLL’s Top 10 Global Corporate Real Estate (CRE) Trends report predicts the emergence of a more dynamic workforce, demand for work environments that support creativity, cross-collaboration and innovation, and an increasing focus on employee wellbeing and performance will dominate global CRE strategies throughout 2018. This has major implications for both occupiers and landlords.
In spite of all the evidence and their own experiences, over half (55 percent) of office workers believe access to the latest workplace technology would make them more productive; 43 percent said this would make them feel more valued, while 38 percent said it would motivate them to work harder. This is according to research for the report, The Hidden Value of Workplace Technology, conducted on behalf of Econocom by survey consultant Censuswide. The research found that workplace tech is important not just for companies looking to retain existing staff, but also to recruit new members. 
Serviced offices dominated office take-up in London’s West End in August, mainly due to three big transactions resulting in a 44 percent market share, but the Tech and media sector continues to be the main driver for space. According to figures from Savills just shy of a third (31 percent) of take-up for office space this year has been to Tech and media sector occupiers. Similarly, West End and Central London requirements almost mirror demand from this sector, with the Tech and media sector accounting for 35 percent of the 4.3m sq ft of active requirements.
National Work Life Week (1st – 5th October 2018) starts today with the aim of encouraging companies to think about their employees’ wellbeing and happiness. To mark the week new research asked British workers about the things they most want from their work. The YouGov survey of 2,000 adults, commissioned by the Oxford Open Learning Trust, found that while money is predictably the biggest motivator behind career choice (64 percent), over half of the respondents cited working hours and flexible working as an important factor (55 percent). 
The majority (86 percent) of UK office workers claim they are more likely to be told off for forgetting to do menial tasks, like emptying or loading the dishwater and keeping their workplace tidy, than complying with GDPR policies, according to a new poll which assessed whether GDPR is being taken seriously by UK office workers since its introduction in May of this year. The study from Fellowes found that only 14 percent of workers have been given a ticking off about careless handling of confidential data, while 25 percent claim office chores, like emptying or filling the dishwasher, has landed them in the hottest water. The data, collected from over 1,000 UK office workers in July 2018, also reveals that many are more likely to be challenged about missing deadlines and being late (17 percent) than ensuring they are compliant with GDPR.
