European commercial real estate market stumbles in 2024

European commercial real estate market stumbles in 2024

by • News, Property

Dreams of a swift recovery in Europe's commercial real estate market have been dashed as the first quarter of 2024 witnessed a continued slump, marking the seventh consecutive quarter of decline according to new dataDreams of a swift recovery in Europe’s commercial real estate market have been dashed as the first quarter of 2024 witnessed a continued slump, marking the seventh consecutive quarter of decline. That is according to data released by MSCI Real Assets which paints a concerning picture, with completed commercial property transactions reaching a mere €34.5 billion in the first three months – a 26 percent drop compared to the same period in 2023. This translates to the lowest transaction volume since the third quarter of 2010, with the number of companies buying and selling properties also hitting a 12-year low. More →

The pandemic may have changed our personalities, say researchers

The pandemic may have changed our personalities, say researchers

by • Flexible working, News

While we often view personality as a fixed entity, a new study suggests the COVID-19 pandemic may have left a subtle but enduring mark on some aspects of our personalities. Published in Personality and Social Psychology Bulletin, the research suggests that while significant personality changes weren’t widespread, conscientiousness levels generally increased throughout the pandemic, while extraversion dipped slightly. Interestingly, openness to new experiences remained relatively stable. More →

Office rent, costs and utilisation rates rise as firms focus on prime space

Office rent, costs and utilisation rates rise as firms focus on prime space

by • News, Property

Prime office rents in major cities around the world have risen 1.1 percent in the past year (Q1 2023 to Q1 2024) while tenants’ ‘all-in’ net effective costs (rent plus fit-out costs) have risen 2.4 percent, according to Savills, as the structural trend towards seeking high quality premium office space continues into 2024. More →

US workers gain more freedom to change jobs as government bans noncompete agreements

US workers gain more freedom to change jobs as government bans noncompete agreements

by • Business, Flexible working, News

The US Federal Trade Commission (FTC) has dealt a blow to restrictive employment practices by issuing a final rule that bans most noncompete agreements nationwideThe US Federal Trade Commission (FTC) has dealt a blow to restrictive employment practices by issuing a final rule that bans most noncompete agreements nationwide. This means millions of American workers will soon have more freedom to leave their current employers for jobs with competitors or even start their own businesses. The FTC estimates this change will have a significant positive impact on the economy. The agency predicts the creation of 8,500 new businesses every year, along with an average annual pay increase of $524 for workers. Additionally, the rule is expected to lead to lower healthcare costs and a surge in innovation, with estimates suggesting as many as 29,000 more patents filed each year in the coming decade. More →

Wellbeing at an ‘all-time low’ claims report

Wellbeing at an ‘all-time low’ claims report

by • News, Wellbeing

A new report published by Dialogue Health Technologies Inc., claims that overall wellbeing is at a low point as people struggle with lifestyle challenges around sleep and physical activityA new report published by Dialogue Health Technologies Inc., claims that overall wellbeing is at a low point as people struggle with lifestyle challenges around sleep and physical activity. Wellbeing Report: A benchmark for Canadian health, based on data gathered through Dialogue’s Wellbeing Score benchmarking thousands of people across Canada, is indicative of trends seen across the globe. More →

Large increase in the number of people who say they are experiencing burnout

Large increase in the number of people who say they are experiencing burnout

by • News, Wellbeing

The number of Britons who say they are experiencing stress or burnout in the workplace doubled in 2023 compared to the previous year, according to a pollThe number of Britons who say they are experiencing stress or burnout in the workplace doubled in 2023 compared to the previous year, according to a poll from Indeed Flex. According to the survey, 92 percent of UK employees say they have experienced burnout or stress in the workplace during their careers. However the strain has grown rapidly as post-pandemic labour shortages intensified workloads. In 2023 the proportion of UK workers grappling with poor mental health skyrocketed to 37 percent, almost double the 19 percent who experienced problems during 2022. A fifth (19 percent) of workers say they have suffered from burnout or stress in 2024 so far. More →

Report sets out nine ways cities can reduce carbon emissions

Report sets out nine ways cities can reduce carbon emissions

by • Cities, Environment, News

A report published by the World Economic Forum’s Centre for Urban Transformation sets out what its authors claim are best practices developed by pioneer cities that are reducing carbon emissionA report published by the World Economic Forum’s Centre for Urban Transformation sets out what its authors claim are best practices developed by pioneer cities that are reducing carbon emissions from urban development projects. As cities grow in population and importance, urban construction will continue to gather pace. It is estimated that the global floor area is expected to double by 2060, the equivalent of building out New York City every month for the next 40 years. The report, Reducing Embodied Carbon in Cities: Nine Solutions for Greener Buildings and Communities, highlights nine innovative solutions for all phases of construction and demolition. More →

Managers are essential for shaping company culture and a sense of belonging

Managers are essential for shaping company culture and a sense of belonging

by • News, Workplace

According to a new poll of employees from Workhuman managers are crucial for both individual professional development and overall company culture.According to a new poll of employees from Workhuman, managers are crucial for both individual professional development and overall company culture. When it comes to company culture 42 percent of employees cite management as the most influential factor in shaping the workplace environment. And when employees feel like they belong, the top reason was, “my manager supports me,” as reported by 60 percent of respondents. More →

European and Asian cities dominate latest smart city rankings

European and Asian cities dominate latest smart city rankings

by • Cities, News, Technology

European and Asian Cities Take Lead in Smart City Race, North America Falls Behind. Zurich named world's top smart cityZurich tops the 2024 Smart City Index, with European and Asian cities dominating the rankings. The report, released by the IMD World Competitiveness Center’s Smart City Observatory and the World Smart Sustainable Cities Organization (WeGO), analyses data and resident surveys from 142 cities globally. Seven of the top 10 smartest cities hail from Europe. These leading cities prioritize initiatives that improve residents’ quality of life, such as green spaces, cultural events, and social engagement. Additionally, they focus on attracting talent, fostering sustainable investments, and tackling inequality. More →

Hybrid working ‘allows organisations to cut energy use by a fifth’

Hybrid working ‘allows organisations to cut energy use by a fifth’

by • Environment, Flexible working, News

Hybrid working has enabled UK businesses to cut energy usage by a fifth as they replace large city centre office space with smaller, more energy efficient spaces including flexible workspaces, according to a new report from IWG, whose brands including Spaces and Regus.  surveyed more than 500 leaders and facilities managers at businesses that have adopted hybrid working policies. The findings revealed that average energy consumption in those companies has fallen by 19 percent since the introduction of hybrid working policies, benefiting both the environment and their bottom line. More →

Government to scrap employment programme for disabled people

Government to scrap employment programme for disabled people

by • News, Workplace

two people talking to illustrate the growing number of disabled people in self-employmentA £100 million program designed to help disabled people find work in England and Wales has been quietly cancelled, raising concerns as the government pursues plans to reduce disability benefits. The Work and Health Programme (WHP), launched in 2017, will cease operation this autumn. This news comes amidst Prime Minister Rishi Sunak’s proposed benefit cuts for 420,000 sick and disabled individuals, aiming to push them into employment. Charities warn these cuts could leave many in poverty. More →

Most people want to work in jobs that have a positive impact on the world

Most people want to work in jobs that have a positive impact on the world

by • Environment, News, Workplace

A new poll from hiring platform Indeed suggests that people now consider working in jobs that positively impact society (57 percent) and the environment (55 percent) more important than they did when they started their careers. Just over a quarter (26 percent) say they would take a pay cut and 44 percent would consider retraining to enter the environmental sustainability sector. The survey of more than 1,000 workers and job seekers and 500 employers in the UK, highlights the ongoing green skills challenge. Despite the clear appetite for sustainability-related jobs among working people, 42 percent believe there are still too many barriers to entry. More than a quarter (27 percent) have been trying to transition to the sector but have been unsuccessful so far. More →

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