Responsible capitalism, and space as a service will shape real estate industry over next 20 years

Responsible capitalism, and space as a service will shape real estate industry over next 20 years

by • Environment, News, Property

A flexible office space from Instant Offices, a pioneer of space as a serviceEurope’s real estate leaders have set out a long-term vision for the industry. In this scenario the most successful firms have adopted ‘responsible capitalism,’ the user is the centre of attention, the cycle of demolition and development has been broken, mixed-use is the norm and multi-disciplinary and in-house teams deliver space as a service across a range of sectors. Emerging Trends in Real Estate Europe 2023, the twentieth annual survey of European real estate sector leaders’ expectations by the Urban Land Institute (ULI) and PwC, has looked beyond the year ahead at the trends shaping the industry over the next two decades. This report captures the views of over 900 sector leaders from across Europe. More →

Corporate real estate sector facing up to tough year ahead

Corporate real estate sector facing up to tough year ahead

by • News, Property

A person walks down an empty street in a central business district to reflect concerns about corporate real estateCorporate real estate business confidence and expectations of profitability have dropped to a low level, reflecting widespread industry concerns across an array of indicators for the business, political and real estate environments. Emerging Trends in Real Estate Europe 2023 is the twentieth annual survey by the Urban Land Institute (ULI) and PwC UK of European real estate sector leaders’ expectations for the year ahead. Based on the views of around 900 real estate leaders from across Europe, the report claims that 91 percent concerned about inflation, closely followed by interest rate movements (89 percent) and European economic growth (88 percent). Political uncertainty at the global, regional and national levels are of high concern as well. More →

Ethical organisations can pave the way to hell with their good intentions

Ethical organisations can pave the way to hell with their good intentions

by • Business, News

An AI generated painting of the road to hell to illustrate how ethical organisations can create the conditions for bad behaviourDespite the growing focus for more ethical investment and management styles, a new paper from Rotterdam School of Management, Erasmus University (RSM) claims to have uncovered eight unethical effects that can ‘sneak in’, even when organisations are doing their best to act ethically. In his research Muel Kaptein, Professor of Business Ethics and Integrity Management, has looked at how even ostensibly ethical organisations can sometimes facilitate unethical behaviour. More →

Younger workers turn to friends rather than colleagues for career advice

Younger workers turn to friends rather than colleagues for career advice

by • News, Workplace

A painting of two people sharing a drink and some career adviceA new poll from Right Management, claims that British office workers aged 18-24 years are much more likely to turn to friends in similar jobs for career advice, than to seek guidance from their immediate manager or any other colleagues (older or younger) in their team. After two years of remote and hybrid working impacting on office life, younger workers who need career guidance are more likely (38.1 percent) to turn to their friends in similar jobs for advice, whereas all other working age groups (those aged 25+) prioritise getting their career advice directly from their immediate manager. More →

Net zero carbon buildings standards coalition launches call for evidence

Net zero carbon buildings standards coalition launches call for evidence

by • Environment, Facilities management, News, Property

An image of the Earth from space to illustrate net zero carbon buildingsThe team developing the UK’s Net Zero Carbon Buildings Standard (the NZCBS) has launched a call for evidence, to help inform and guide the development of the Standard. Once developed, the UK Net Zero Carbon Buildings Standard aims to provide a single agreed definition and methodology for the industry to determine what constitutes a net zero carbon building. The cross-industry group developing the Standard and championing this initiative includes representatives from the following organisations: Better Buildings Partnership (BBP), Building Research Establishment (BRE), the Carbon Trust, Chartered Institution of Building Services Engineers (CIBSE), Institution of Structural Engineers (IStructE), Low Energy Transformation Initiative (LETI), Royal Institute of British Architects (RIBA), Royal Institute of Chartered Surveyors (RICS), and UK Green Building Council (UKGBC). More →

Flexible working takes a step back in face of economic certainty

Flexible working takes a step back in face of economic certainty

by • Flexible working, News

A woman working at home to illustrate flexible workingAs economic storm clouds gather, the flexibility and freedoms introduced during the pandemic that employees benefited from are now at risk according to a new study conducted by LinkedIn. It claims that in the UK, the current economic and business climate is causing concern among business leader that companies will be forced to wind back progress on important areas of working life such as flexible working (75 percent), skills development (76 percent), and employee wellbeing (83 percent). More →

Commercial property sector should embrace circular economy, say BCO

Commercial property sector should embrace circular economy, say BCO

by • Environment, News, Property

A man relaxing in a green office space to illustrate the circular economy in the commercial property sectorA new report from the British Council for Offices (BCO) is urging the commercial property industry to ‘retain, extend life, reduce impact’ to futureproof offices. The report sets out to provide circular economy guidance to the office sector in relation to new-build, refurbishment and fit out. The Circular Economy in Offices report [BCO members only] claims to set out how offices can be designed and constructed in order to eliminate waste and pollution, circulate products and materials and regenerate nature. More →

Quiet quitting is not a thing, but employers do need to offer more fulfilling work

Quiet quitting is not a thing, but employers do need to offer more fulfilling work

by • Flexible working, News, Wellbeing, Workplace

A drawing of a male worker looking like he is overworked and unfulfilled to illustrate the idea of quiet quittingA new survey from Ricoh Europe claims that the majority of workers seek more stimulation and creativity in their job, suggesting that employers need to do more to provide fulfilling work. The research, conducted by Opinium for Ricoh Europe, polled 6,000 workers and 1,500 decision makers across the UK, Ireland, France, Germany, Italy, the Netherlands and Spain. It claims to contradict the idea of quiet quitting with 82 percent of workers describing themselves as ‘engaged’ at work, while 65 percent say they are enthusiastic about what they do. Yet while workers feel content to a degree, there remain frictions and roadblocks to them becoming more productive and creative. More →

Hybrid isn’t working for many people because nobody can agree what it is

Hybrid isn’t working for many people because nobody can agree what it is

by • Flexible working, News, Property

A new poll published by Landsec  claims there is a distinct lack of clarity around what hybrid working means, with less than one in five UK workers agreeing on a definition. The report suggests that this hybrid ‘hotchpotch’ is having a negative impact on bosses’ relationships with their teams. More →

World Green Building Council launches guide to climate change resilience

World Green Building Council launches guide to climate change resilience

by • Environment, News

climate changeThe World Green Building Council (WorldGBC) has launched a new industry guide on ‘Climate Change Resilience in the Built Environment’, collating effective and practical steps that can be taken on a building, community and city scale in order to adapt and build resilience to the changing climate. Under the inevitable impacts of climate change, which are affecting at least 85 percent of the world’s population, bringing acute hazards such as droughts, rising sea levels, heat waves and floods increasing frequency and severity, resilience action is essential to build community capacity to survive and thrive in our built environments. More →

BCO recommends more space per person for the new era of flexible working

BCO recommends more space per person for the new era of flexible working

by • News, Property, Workplace design

A worker in an office as part of flexible working cultureA report by the British Council for Offices (BCO) recommends a new method for calculating the amount of space needed per person in the post-pandemic world of flexible working. The research claims to identify a ‘sweet spot’ of 10-12 sq. m. per person. This will account for the rise in people working from home and hot-desking when in the office, while simultaneously ensuring the workspace meets modern employers’ requirements to promote productivity and wellbeing, as well as targets to minimise carbon emissions. More →

Offices remain largely unchanged in wake of pandemic

Offices remain largely unchanged in wake of pandemic

by • Flexible working, News, Technology, Workplace design

MIcrosoft offices IrelandMost businesses are failing to invest in collaborative offices that could encourage people to spend more time in them and take advantage of new work cultures, a report claims. More than four in five UK workers (83 percent) surveyed by YouGov on behalf of Microsoft Surface find themselves still in the same office environment as before the pandemic. The majority of those surveyed believe that office work is better suited to both socialising with colleagues (57 percent) and strengthening relationships with colleagues (65 percent) compared to remote work. More →

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