RICS reports surge in investment and demand for commercial property

RICS reports surge in investment and demand for commercial property 0

commercial propertyDemand for commercial property in the UK is growing close to its fastest pace since 1998. The latest RICS UK commercial market survey shows that there was a surge in investment and tenant demand in the first quarter of this year, which suggests stronger economic growth over the remainder of 2015. The UK had its 10th consecutive quarterly acceleration of demand, with 46 percent of respondents reporting greater interest. However, the availability of commercial property declined, with 38 percent of RICS’ surveyors seeing fewer properties on the market, the impact of which is higher rents. This is particularly apparent across the industrial and office sectors. Looking ahead, respondents expect the office sector to perform most strongly; with London leading the way, despite some concerns over the valuation of prime property in the capital.

More →

Business clusters fuel growth in office occupier demand in smaller cities

Business clusters fuel growth in office occupier demand in smaller cities 0

WarringtonSmaller cities, including Brighton, Solihull, Reading and Warrington [pictured], look set to see a growth in occupier demand for office rentals over the few years, a new report has revealed. JLL’s ‘Where Next in the UK?’ report analysed the economic and office market performance of 37 smaller towns and cities giving an insight in to which locations will offer investors the biggest opportunity over the next five years. It shows some smaller cities are found to have a stronger outlook than the ‘Big 6’, (Bristol, Birmingham, Manchester, Leeds, Glasgow and Edinburgh). The success of these smaller cities, says the report, will be closely associated with their ability to develop and grow clusters of businesses, for instance a growing nuclear research and technology cluster in Warrington – along with strong university links and the provision of integrated transport and infrastructure.

More →

The latest issue of Insight Weekly is available to view online

The latest issue of Insight Weekly is available to view online 0

Insight_twitter_logo_2In this week’s issue; the ten most sustainable buildings in North America; Mark Eltringham examines the ways different countries approach ergonomics. Steve Taylor looks at the evidence for doing less sitting and more standing at work, while a new report from the Work Foundation sets out the challenges facing the next UK government to improve the health of the country’s workforce. In news; Facebook almost doubles the size of its London HQ, the adoption of flexible working by UK organisations increases by over a third and new data shows that the UK office market is growing as employers strive to create environments designed to enhance staff wellbeing. Sign up to the newsletter via the subscription form in the right hand sidebar and follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

Are these this year’s ten most sustainable buildings in North America?

Are these this year’s ten most sustainable buildings in North America? 0

Bulliit Centre - sustainable buildingsThe American Institute of Architects (AIA) and its Committee on the Environment (COTE) have selected what they claim are the nation’s top ten examples of sustainable architecture and ecological design projects. The COTE Top Ten Awards program, now in its 19th year, claims to be the profession’s most rigorous recognition program for sustainable buildings. The program highlights projects that are the result of an “integrated approach to architecture, natural systems and technology … which make a positive contribution to their communities, improve comfort for building occupants and reduce environmental impacts through strategies such as reuse of existing structures, connection to transit systems, low-impact and regenerative site development, energy and water conservation, use of sustainable or renewable construction materials, and design that improves indoor air quality.”

More →

How local approaches to ergonomics redefine worldwide standards

How local approaches to ergonomics redefine worldwide standards

ergonomicsWe live in the Global Village, Marshall McLuhan’s construct of an electronically contracted world in which attitudes, cultures and our political, business and legislative framework begin to pull together. And yet still each nation is characterised by the little differences that set it apart from its neighbours and even nations on the other side of the globe. So while there are many common threads that bind workplace design in different countries many of the core issues that shape the way we design and manage offices, such as demographics, status, organisational culture, technology, legislation and corporate identity can  vary from country to country. The way these are viewed and the emphasis each country places on each of them shape how they manifest themselves in the local market.

More →

Proposal to fund development of Grade A office space in Northern Ireland

Proposal to fund development of Grade A office space in Northern Ireland 0

Scheme launched to look at funding office development in NIPlans to develop a scheme that ensures Northern Ireland has enough Grade A office space to meet its needs has been launched by business development agency Invest NI. It follows the publication of a report that found while demand for Grade A offices has remained relatively steady over the past three years, with no new development taking place, both the overall supply and Grade A supply has fallen steadily. Of the total supply, only around 320,000 sq ft is classified as Grade A, 250,000 sq ft of which is located in Belfast City Centre. Nearly a quarter (21%) is contained within units that are smaller than 10,000 sq ft, a further 36 percent within units sized between 10-20,000 sq ft and there are only three office buildings across Northern Ireland that could offer space exceeding 20,000 sq ft.

More →

New generation of mobile users do quarter of work on digital devices

New generation of mobile users do quarter of work on digital devices 0

Gen-M-230x190The provision of alternative places to work than the office desk is of particular relevance to a new demographic of worker, dubbed Gen M (because we need yet another one – Ed.), which is described in a new report from US based telecomms consultants MobileIron as either men aged 18-34 or people with children under-18 who rely heavily on mobile technology. On average, Gen M does more than a quarter (26%) of its work on smartphones or tablets, compared to non-Gen M professionals, who do 17 percent. Gen M also uses mobile for “shadow tasking,” doing personal tasks during work hours and work tasks during personal hours, the research from MobileIron reveals. Gen M mobile users are also keen to invest in the latest technology –  42 percent either own or plan to purchase a wearable device, such as the Apple Watch, and of those, 95 percent plan to use those devices for work tasks.

More →

Workplace Week to increase office tours as part of plan to double money raised

Workplace Week to increase office tours as part of plan to double money raised 0

PWC-Embankment-PlacePlans have been unveiled to double the amount of money raised for BBC Children in Need at this year’s Workplace Week, the week-long showcase of workplace innovation. Last year’s event, which saw more than 100 people attend the workplace tours, day-long convention and fringe events, raised over £13,000. Andrew Mawson, MD of workplace consultancy AWA, and the brains behind the venture, which is now in its sixth year, has set a target of £25,000. To achieve this aim, the number of workplace tours will be doubled, which this year shall include PWC, [pictured] Mintel and the Guardian. Capacity will be increased at the convention, with a small number of paid-for exhibitors and programme advertising allowed. Organisations from the built environment will be encouraged to arrange relevant Fringe events ­– breakfast or lunchtime seminars, or evening sessions to take place during the week – for which they’ll pay a small donation.

More →

UK office market grows as employers enhance quality of workspace

UK office market grows as employers enhance quality of workspace 0

wellnessThe level of activity in the UK office market has grown as employers strive to create environments designed to enhance staff wellbeing. According to the 2015 edition of the annual Office Report from property consultancy Lambert Smith Hampton, occupiers have expanded headcount and upgraded their accommodation, helping to propel take-up in markets up and down the country. Edinburgh reported record activity; Oxford, Cardiff, Bristol and Cardiff all posted take-up well ahead of their 10-year averages and Manchester enjoyed its best year since 2001. However, over 11 m sq ft of office space has been earmarked for alternative use since the relaxation of planning rules. This equates to an area the size of all the office floor space in Reading being converted into new uses such as apartments and hotels, since the introduction of Permitted Development Rights in May 2013.

More →

BIM predicted to become ‘de facto’ standard, despite adoption slowdown

BIM predicted to become ‘de facto’ standard, despite adoption slowdown 0

Widespread belief BIM will be de facto standardIncreased workloads that limit the time available to implement new working practices is one of the reasons why the reported awareness and usage of BIM (Building Information Modelling) has fallen for the first time in five years. The fifth NBS National BIM Report, which looks at how UK building design professionals are adapting to the use of BIM, found that awareness and usage has fallen from 54 percent last year to 48 percent. However, out of 900 respondents to the survey, most believe BIM will become the ‘de facto’ standard for the design process within three years, as 92 percent expect to be using it within that timespan – and 95 percent within five years. With just months to go until the mandated use of Level 2 BIM on public sector projects in 2016, this year’s report looks at the built environment’s readiness.

More →

The latest issue of Insight Weekly is available to view online

The latest issue of Insight Weekly is available to view online 0

Insight_twitter_logo_2In this week’s issue; we preview next month’s Clerkenwell Design Week; RBS sets out to save £18 million a year with a major office consolidation strategy in Edinburgh; Sara Bean reports on the importance of office location for employee engagement; Jim Ware offers a CEO’s perspective on a successful real life workplace strategy; Mark Eltringham extols the joys of procrastination and daydreaming; we look at the wellbeing benefits of a groundbreaking new acoustic office design element made from recycled plastic; and we ponder why exactly the electorate gets itself so riled up about office furniture. Sign up to the newsletter via the subscription form in the right hand sidebar and follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

Employers neglecting to check ergonomic safety of office workers 0

ergonomicThe widespread adoption of mobile devices, not to mention the development of the Internet and uptake of flexible working, may render the Health and Safety (Display Screen Equipment) Regulations 1992 hopelessly out of date, but they continue to oblige employers to ensure that employees’ workstations are assessed for ergonomic comfort and safety. A survey by Fellowes claims over half of companies (62%) acknowledge they have a duty to foster the physical and mental health of their staff, but found that 31 percent of workers were left in charge of conducting their own self-assessments. In over a quarter of organisations (27%), staff raised concerns that their monitor or display screens were not appropriate and more than one fifth (21%) weren’t aware of any legal requirements when assessing a display screen.

More →