Office occupier take up in Edinburgh grows, despite Brexit pessimism

Office occupier take up in Edinburgh grows, despite Brexit pessimism 0

Quartermile 4 offices in EdinburghContrary to the rather less positive outlook predicted for the whole of Scotland, office occupier take up in Edinburgh is on course to defy gloomy Brexit predictions, following a steady third quarter of 2016, according to new statistics published by JLL. In total, 134,462 sq ft of office space, spanning 44 deals, was transacted in Edinburgh between July and September, only marginally down on the previous quarter. Reflecting the rapid growth of Edinburgh’s booming TMT sector, tech companies have accounted for 30 percent of all Edinburgh office take up so far this year, followed by Professional Services at 21 percent. Total take-up for the year to date (Jan – Sept) reached 570,000 sq ft, just 5 per cent behind the transacted space recorded at the same point in 2015, a year which saw the capital’s highest take up since 2001. Responding to the rise of Edinburgh’s tech sector landlords are carrying out refurbishments aimed at appealing to this upcoming market, including Edinburgh’s largest single office building at One Lochrin Square and Greenside, a refurbishment proposed by the Chris Stewart Group.

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UK Green Building Council’s HQ claims to set new environmental standards in office refurbishment

UK Green Building Council’s HQ claims to set new environmental standards in office refurbishment 0

uk-gbc-hqBy achieving the lowest embodied carbon footprint ever recorded for an office refurbishment in the UK, the new headquarters in Central London for the UK Green Building Council is designed to inspire and encourage employers, landlords and occupiers alike to set the bar high when upgrading their office spaces, according to the organisation. It claims that the project is an exemplar for sustainable office refurbishment and features a range of wellbeing measures. UK-GBC says it hopes that this landmark project will also demonstrate that even a 160m² floorspace can deliver commercial, social and environmental value if each decision is challenged and scrutinised. Wellbeing measures have been incorporated into the design in order to improve staff satisfaction, productivity and overall health and wellness. These measures include: a living wall with over 1,500 plants; an innovative ventilation system, which has delivered a 750 percent increase in background fresh air; an automated low-energy LED lighting system; and products and finishes that minimisepollutants from the air.

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Wellbeing threat for UK workers who don’t see daylight in winter

Wellbeing threat for UK workers who don’t see daylight in winter 0

Working in winter wellbeing

The customary debate over putting the clocks back has come and gone, as has the average workers chances of seeing any daylight until the early spring, for according to new research, the average office worker will now only be seeing daylight for less than an hour (52 minutes) a week. Nine in 10 rarely glimpse daylight during the winter months as they arrive at and leave work in the dark, according to a poll of 2,000 workers by Get More Vitamin Drinks. The average person will only leave the building for a total of 52 minutes during the week, although two-thirds admit there are at least two weeks in every month where they don’t spend any time outside at all. Unsurprisingly, just under half of office workers believe their work suffers as a direct result of the lack of sunlight – with productivity dropping rapidly from around 2pm. The study shows two thirds of office workers will start finding it difficult to concentrate by the early hours of the afternoon in winter as a direct result of being stuck inside.

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Office space sees dip in demand post-Brexit says RICS

Office space sees dip in demand post-Brexit says RICS 0

Office space demand fallsDemand for office space following the Brexit outcome remains flat according to RICS latest UK Commercial Market Survey 2016; and while the overall UK Commercial property market is showing some signs of a return to a more positive mood post-EU referendum, this has been driven mainly by the industrial sector. London and Scotland are lagging behind the rest of the UK, with Scotland seeing the sharpest drop in headline demand with 24 percent more chartered surveyors seeing a fall during Q3. In the capital, demand fell for the second consecutive quarter with offices seeing the most significant dip (22 percent more respondents reported seeing a fall in demand for London office space). Anecdotal evidence suggests that political uncertainty is still having an effect on both these markets. And the survey also found that respondents from German cities have seen enquiries from UK-based firms and expect there to be an increase in relocation away from Britain over the next two years.

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Toxic culture at work a leading grievance for unhappy staff 0

resignation lettersNearly a third of UK workers (30 percent) would not describe themselves as happy at work and would move jobs for better benefits and a more pleasant workplace culture, a new survey claims. The report by Perkbox finds that the power of ‘Thank You’ in business is an overlooked and often underestimated resource, yet its influence to elevate moods, increase engagement and uplift productivity is profound. Over two thirds (69 percent) of UK workers polled rate company perks and benefits as important to their overall satisfaction and more than a quarter (26 percent) rate lack of reward and recognition for good work as their number one grievance at work. Yet over half (53 percent) of UK companies do not formally recognise outstanding employees on a regular basis, while 44 percent believe that rewards and recognition are either very or extremely relevant to their business. UK workers also reported that a toxic negative culture at work was their biggest grievance (cited by 21 percent of respondents) while 17 percent highlighted micro management and 15 percent said long hours. In London, nearly half (48 percent) of workers would be likely to switch to a job that offered better benefits and overall women are more likely than men to consider work/life balance an important factor in switching jobs (41 percent vs 35 percent).

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One in six public sector jobs to be lost to automation, claims report

One in six public sector jobs to be lost to automation, claims report 0

public-sector-automationUp to 861,000 public sector jobs in the UK – around 16 percent of the overall workforce – could be automated by 2030 according to research by Deloitte. The research builds on Deloitte’s work with Oxford University on job automation and is included in the firm’s The State of the State report for 2016-17 – its annual analysis of the state of public finances and the challenges facing public services. Deloitte’s previous work has shown that all sectors of the UK economy will be affected by automation in the next two decades, with 74 percent of jobs in transportation and storage, 59 percent of jobs in wholesale and retail and 56 percent of jobs in manufacturing having a high chance of being automated. The public sector includes higher numbers of roles in areas such as education and caring, as well as jobs requiring public interaction, all of which are at lower risk of automation. However, Deloitte calculates that automation could still lead to a reduction of up to £17 billion in public sector wage costs by 2030.

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Flexible working major incentive for workers starting own business 0

flexible-workingThree quarters (75 percent) of British workers would like the freedom to run their own business one day, with over half those in a poll citing flexible working as the principle incentive. The research from St. James’s Place Academy claims that 78 percent of men and 73 percent of women aged 25-55 had dreams of becoming an entrepreneur, and  51 percent of respondents thought that having more control/setting their own hours would be the best advantage. A further 21 percent thought that they’d experience improved job satisfaction, 15 percent believe they could increase their earnings and 11 percent like the idea of working from wherever they like. The research also found that younger workers (those aged between 18-35) are more predisposed to the entrepreneurial dream (82 percent) than older people in employment (compared to the 58 percent of those aged 55+ who expressed a desire to run their own business); and that Londoners are the most entrepreneurially-minded with over 81 percent wishing to run their own business while the Scottish are the least keen at 69 percent.

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Majority of freelancers don’t want more employment rights

Majority of freelancers don’t want more employment rights 0

freelancersAlthough British Prime Minister PM Theresa May has recently, announced a Government review into how employment rights can be extended to freelancers, a new survey claims that the vast majority of the self-employed don’t really want them. The admittedly small scale study of 250 freelancers from ContractorCalculator claims that 80 percent aren’t interested in them anyway and a mere 7 percent think they would be of benefit.

Key findings from the survey include:

  • 88 percent of freelancers don’t want maternity/paternity rights
  • 82 percent do not want paid sick leave
  • 85 percent say no to holiday rights and pay
  • 80 percent shun extra rights to help with grievances or disciplinary matters
  • 94 percent don’t want restrictions on the amount of hours they can work
  • 74 percent believe more employment rights would compromise their tax status and complicate their tax affairs.
  • More than half of respondents also raised concern that the provision of such rights would both restrict their flexibility and result in lower earnings.

“These results are not surprising,” claims CEO Dave Chaplin. “The Government needs to understand that the negative reports associated with self-employed couriers and drivers are woefully unrepresentative of all of the self-employed. There are several million self-employed businesspeople working on a business to business basis with their customers who are very happy with the way they work and the last thing they want is further legislative burdens.”

Progress towards closing gender pay gap slows around the world

Progress towards closing gender pay gap slows around the world 0

Women across the globe earn on average  just over half of what men earn despite, on average, working longer hours when taking paid and unpaid work into account. The world is facing an acute misuse of talent by not acting faster to tackle this gender inequality, which could put economic growth at risk and deprive economies of the opportunity to develop, warns the World Economic Forum’s Global Gender Gap Report 2016, which is published today. The latest edition of the annual benchmarking exercise that measures progress towards parity between men and women in four areas: Educational Attainment, Health and Survival, Economic Opportunity and Political Empowerment finds that progress towards parity in the key economic pillar has slowed dramatically with the gap – which stands at 59 percent – now larger than at any point since 2008. Aside from salary, another persistent challenge is stagnant labour force participation, with the global average for women standing at 54 percent, compared to 81 percent for men. The UK is ranked 20th overall in the global index and of those countries in Western Europe, the UK falls in the bottom half of the table.  In respect of economic participation and opportunity, the UK is ranked 53.

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Larger employers much more optimistic about post-Brexit outlook than SMEs

Larger employers much more optimistic about post-Brexit outlook than SMEs 0

BrexitA gap is emerging between UK businesses regarding the impact of Brexit, with large businesses significantly more optimistic about the future than their small business counterparts, joint research by NGA Human Resources (NGA HR) and its SMB division, Moorepay suggests. Six in ten (59 percent) respondents working for large businesses expect Brexit to have a positive impact on their business, but only 35 percent of SMBs share this view. In fact, a quarter of (25 percent) SMB employees in the UK actually believe their situation will worsen after the UK has left the European Union. Looking ahead, the majority (79 percent) of larger UK businesses are ready to address the challenges and exploit the opportunities resulting from Brexit, whereas just over half of small businesses (56 percent) feel the same. Asked about their wish list for a post-Brexit economy, all UK businesses agree that access to the single market is the biggest advantage of the EU membership and one that both large businesses (64 percent) and SMBs (54 percent) would like to retain. Additionally, opening up trade to new countries and markets is seen as the main advantage of Brexit for both large (70 percent) and smaller businesses (54 percent), followed by freedom from EU laws and regulations (both 48 percent).

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Two-thirds of British workers more productive working in the office

Two-thirds of British workers more productive working in the office 0

Office teamwork

Despite half (50 percent) of the British workforce saying they are equipped with the right tools and technology to enable them to work anywhere, half (50 percent) of respondents to a new survey stated that remote working can make them feel stressed, isolated or lonely (43 percent) and over half (53 percent) said that working out of the office makes them feel disconnected from colleagues. The survey from Peldon Rose, found that two-thirds (66 percent) of British workers say they work most productively in the office compared with a quarter (26 percent) who work most productively at home. The survey results also underline how vital close working relationships with colleagues are to employees’ happiness, wellbeing and productivity with nine in 10 (91 percent) of office workers stating they value their friendships within the workplace and 80 percent crediting their friendships with colleagues with helping them to be more productive at work – something they feel boosts their productivity even more than personal technology (66 percent).

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Nearly a third of investors say Brexit offers commercial real estate investment opps

Nearly a third of investors say Brexit offers commercial real estate investment opps 0

london-brexitThe recent warning that the major banks are planning to leave the Capital following the Brexit vote has understandably caused some concern within the commercial property sector;  so it’s cheering to hear that three in ten (30 percent) institutional investors actually believe Brexit will either increase or significantly increase European commercial real estate investment opportunities. A further one in four (23 percent) institutional investors believe that Brexit will have no impact on commercial real estate investment opportunities. According to a new study by BrickVest, following the UK’s decision to leave the European Union, nearly two in five (38 percent) institutional real estate investors cited London as the top European city to invest in commercial real estate, ahead of Berlin (36 percent), Munich (31 percent) and Paris (22 percent). However, one in five (21 percent) cited both Dublin and Hamburg and a further 16 percent selected Frankfurt, highlighting a clear positive trend towards German commercial real estate. Indeed 40 percent of the top ten European cities were German.

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