The rise of the part time office opens up a new frontier for market growth

The rise of the part time office opens up a new frontier for market growth

by • Comment, Flexible working, Property

The part-time office offers companies the ability to rent office spaces on a part-time basis, writes David RawlenceAs businesses, large and small, continue to adapt to post-pandemic realities, the demand for flexible working solutions continues to surge. The part-time office offers companies the ability to rent office spaces on a part-time basis—often for just one to three days a week— whilst opening a unique opportunity for occupiers, landlords, operators, and investors. More →

If firms want people to ‘return to office’, they should offer a better experience

If firms want people to ‘return to office’, they should offer a better experience

by • Flexible working, News, Property

A new report from the British Council for Offices (BCO) argues that if employers want their staff to 'return to office', they need to approach the workplace in the same way they would their customers by creating spaces that offer experiences workers actively seek outA new report from the British Council for Offices (BCO) argues that if employers want their staff to ‘return to office’, they need to approach the workplace in the same way they would their customers by creating spaces that offer experiences workers actively seek out. The report, titled Towards Experience Utopia, claims to serve as a comprehensive guide for creating optimal working environments that integrate the best aspects of both remote and in-office work. Commissioned by the BCO Occupiers Group, which includes major employers like NatWest, PwC, Deloitte, and Goldman Sachs, the report highlights how the shift towards hybrid working has transformed the expectations of employees. More →

Want sustainable buildings? Invest strategically in smart technology

Want sustainable buildings? Invest strategically in smart technology

by • Environment, News, Property

Strategic investment, innovative technology, and collaboration are essential for achieving sustainable buildingsStrategic investment, innovative technology, and collaboration are essential for achieving sustainability and value goals in the real estate sector, according to a new report from Colliers. The  report Realising ESG Performance: The Value-Driven Transformation of Europe’s Built Environment [registration] claims to provide insights into how the real estate industry can embrace sustainable buildings and comply with regulatory demands while creating long-term value. More →

UK’s best workplaces honoured at BCO Awards. And the winner isn’t an office

UK’s best workplaces honoured at BCO Awards. And the winner isn’t an office

by • Company news, News, Property, Workplace design

The BCO has announced what it says is a list of the UK's best workplaces this year, with eight projects receiving accolades at its National AwardsThe British Council for Offices (BCO) has announced what it says are the UK’s most exceptional workplaces this year, with eight projects receiving accolades at its National Awards. The TTP Campus, a life sciences facility in Cambridgeshire, was the standout winner, claiming both the Best of the Best and Corporate Workplace awards. The awards, held at the JW Marriott Grosvenor House in London, celebrate excellence in office design, operation, sustainability, and community engagement. The event, attended by over 1,200 industry leaders and featuring guest speaker Clare Balding, highlighted the best workplaces that inspire creativity and positively impact local communities. More →

Accessible and inclusive design should be a priority for the property market

Accessible and inclusive design should be a priority for the property market

by • News, Property, Workplace design

The joint report, Inclusive Spaces and Places: A collaborative approach to inclusive design, highlights the urgent need for inclusive design in the built environmentGrosvenor and The Crown Estate have launched a new report that aims to shed light on the challenges faced by people with physical and hidden disabilities when accessing and working within buildings and public spaces across the UK. The joint report, Inclusive Spaces and Places: A collaborative approach to inclusive design, highlights the urgent need for inclusive design in the built environment, emphasising the barriers that prevent millions from fully engaging with public and commercial spaces as well as the potential societal and economic losses this results in. More →

You get what you give at the CoreNet Global Summit 2024 in Berlin

You get what you give at the CoreNet Global Summit 2024 in Berlin

by • Comment, Facilities management, Property, Wellbeing

CoreNet truly embraced its theme of ‘People Power’, emphasising the vital but often overlooked aspect of workplace strategy: connectionHave you ever attended a conference and been asked to gaze deeply into a stranger’s eyes for several minutes, standing just a metre apart in silence? No? Neither have I – until this September at the CoreNet Global Summit in Berlin. Gone are the days of handshakes and small talk. Today, it’s all about relationality, empathy, and hugging it out. For some, the summit’s emphasis on fostering human connections was a joyful opportunity to bond and share meaningful moments with fellow professionals. For others, it felt like being trapped in a never-ending therapy session nobody signed up for. More →

Commercial property market should be more optimistic, but it still needs to change

Commercial property market should be more optimistic, but it still needs to change

by • News, Property

JLL’s latest Future of Work Survey claims to reveal new opportunities for the commercial property sector as two-thirds of business leaders expect their CRE budget to riseJLL’s latest Future of Work Survey claims to reveal new opportunities for the commercial property sector as two-thirds of business leaders expect their CRE budget to rise between now and 2030. Despite challenges in the commercial real estate sector and bumpy economic conditions, global business leaders are optimistic about the future, with two-thirds (65 percent) expecting their CRE budgets to increase by 2030, according to the poll. This survey sets out to explore the evolving nature of work, assessing the key priorities, challenges, and strategies for more than 2,300 business and CRE decision-makers. More →

US law firms make up two thirds of global law firm office leasing activity

US law firms make up two thirds of global law firm office leasing activity

by • News, Property

Together, US cities accounted for 69 percent of overall H1 law firm office leasing activity in the world’s largest legal marketsNew York accounted for a third of all leasing activity globally in the legal sector in the first half of 2024, says Savills, equating to over 1.4 million sq ft of space, out of a total of 4.3 million sq ft across the world’s 15 largest legal markets, reflecting its position as the world’s principal legal hub. Together, US cities accounted for 69 percent of overall H1 law firm office leasing activity in the world’s largest legal markets, reflecting the dominance of American firms in the sector overall, as well as the tendency for US legal offices to have a lower occupancy density and thereby requiring more space, according to Savills. More →

Londoners spending more time in the office, but not as much as people in other global cities

Londoners spending more time in the office, but not as much as people in other global cities

by • Flexible working, News, Property

Central London is showing steady progress in the return to a traditional working day, with workers spending more time in the office compared to last yearCentral London is showing steady progress in the return to a traditional working day, with workers spending more time in the office compared to last year, according to a new survey. The data, collected by Centre for Cities in collaboration with Savanta and Focaldata, claims that the average full-time worker in Central London spent 2.7 days per week in the office in June 2024. This marks an increase from the 2.2 days recorded in April 2023. More →

Working from home prevalent across Northern Europe, but has no effect on productivity

Working from home prevalent across Northern Europe, but has no effect on productivity

by • Flexible working, News, Property

 

Working from home has become a permanent feature of the European workforce, with notable variations across different regions and citiesA new research briefing from Oxford Economics claims to highlight the sustained prevalence of working from home in Europe, particularly in northern cities, and examines its impact on office real estate markets. According to the briefing, which analyses data through 2023, working from home has become a permanent feature of the European workforce, with notable variations across different regions and cities. More →

UK commercial property market shows signs of recovery, but not for offices

UK commercial property market shows signs of recovery, but not for offices

by • News, Property

The United Kingdom's commercial property market is showing signs of a quicker recovery than the rest of Europe, following a challenging two-year period marked by high interest rates and the ongoing re-evaluation of the role officesThe United Kingdom’s commercial property market is showing signs of a quicker recovery than the rest of Europe, following a challenging two-year period marked by high interest rates and the ongoing re-evaluation of the role offices. According to the Green Street Index, the office market continues to be the most sluggish sector. The latest data suggests that both deal volumes and property values in the UK have seen an increase in the first half of 2024. This contrasts with Germany and France, where dealmaking has remained slow and price gains have been more modest. More →

Government hub named one of the world’s leading workplaces

Government hub named one of the world’s leading workplaces

by • News, Property, Workplace design

 

This unprepossessing building in Peterborough has been named as one of the world's leading workplaces by the Leesman IndexThis unprepossessing building in Peterborough has been named as one of the world’s leading workplaces by Leesman. The Government Property Agency (GPA) office hub building is the second building belonging to the GPA that has achieved Leesman+ certification – global recognition of exceptional workplace experiences which only six public sector offices worldwide have ever attained. More →

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