February 19, 2014
London’s West End retains position as world’s most expensive office location
For the second year running, the most expensive office space in the world is to be found in London’s West End, according to the latest edition of Cushman & Wakefield’s annual Office Space Across the World report. Rents rose by 5 percent in the area, driven largely by an ongoing mismatch between demand for high grade space and its supply, as we have previously reported. Worldwide, office rents rose by 3 percent in 2013, with certain high growth regions such as Africa and the Middle East experiencing an increase in rents of as much as 10 percent in specific locations. Hong Kong was the second most expensive location according to the survey while the central business district of Moscow rose to third place, up from sixth in the previous survey.
February 16, 2014
Latest issue of Insight now available to view online
by Mark Eltringham • Comment, News, Newsletter
General Motors Technical Center designed by Eero Saarinen in 1956
In this week’s issue of Insight: we question why so many people still bother going to work given that the costs associated with it keep rising dramatically at a time when pay is standing still; Sara Bean reports from the Workplace Futures conference; we discover why so many construction industry leaders feel the UK Government will fail to meet one of its key targets for the uptake of BIM; Mark Eltringham applauds a Silicon Valley office that takes its design cues from the Jetsons and modernism (and not a slide to be seen); how Google Glass is making its mark at work; and we report on the BIFM’s latest attempts to carve out a more significant role with the launch of new professional standards.