Office space costs fall for only the second time

Office space costs fall for only the second time

Share Button

office space

Lambert Smith Hampton (LSH) has published the results of its annual Total Office Costs Survey (TOCS), claiming that the average outlay of occupying office space in the UK fell by 1.3 percent over the 12 months to June 2020 for new build accommodation and 1.6 percent for 20-year old buildings. This is only the second time costs have fallen in the survey since the global financial crisis in 2008 and contrasts sharply with the 3.6 percent increase in costs in 2019. More →

New demand for office space indicates mass `return to work`

New demand for office space indicates mass `return to work`

Share Button

Return to workWater cooler chats and the buzz of office life is set to remain on hold until at least the New Year as businesses look to restructure their office needs from January. A government drive to see more office employees return to work in the workplace has seen a rise in commuters to more than 60 percent according to the latest figures from the Office for National Statistics. More →

Commercial property market in Oxford-Cambridge Arc proving resilient

Commercial property market in Oxford-Cambridge Arc proving resilient

Share Button

Take-up of office and laboratory space in the Oxford-Cambridge Arc has remained resilient during the first half of 2020, according to a new report from property consultants Bidwells. The firm claims that 117,600 sq ft was taken in Oxford between January and July, reaching 85 per cent of the city’s ten-year average despite the Covid-19 pandemic. More →

Get used to the idea of work as an experience rather than a place

Get used to the idea of work as an experience rather than a place

Share Button

Suck it up. The role of property in supporting organisational performance has changed forever. The obsession with bricks and mortar has to shift to the employee-as-consumer experience. If we understand that user experience, then organisations can make the right decisions. The problem is, experience is now scattered across millions of homes worldwide. More →

Majority of businesses plan to move to smaller but more focused offices in future

Majority of businesses plan to move to smaller but more focused offices in future

Share Button

According to a new independent survey of over 500 senior business decision-makers, nearly three quarters believe COVID-19 will result in more UK businesses downsizing to smaller office spaces in the coming 12 months. Most also say they value the office and will be more focused on its strengths as part of the shift. The data from property developers Accumulate Capital claims to show how the COVID-19 pandemic has affected UK businesses and their commercial property needs. More →

UK business leaders predict office downsizing in the coming year

UK business leaders predict office downsizing in the coming year

Share Button

DownsizingA new independent survey by Accumulate Capital suggests how the COVID-19 pandemic has affected UK businesses and their commercial property needs. The property development firm commissioned an independent survey of more than 500 senior decision-makers from businesses all over the UK and the majority believe there will be a need for downsizing to smaller office spaces in the future. More →

The death of the office? Wait a minute

The death of the office? Wait a minute

Share Button

death of the officeI have observed with some disbelief the numerous articles that have heralded the “death of the office” and other click-bait driven headlines. It makes for a fun read but fails to really understand exactly what the office is for and how the modern workspace is actually used.  The best way to take a view of this is to understand why we will be desperate to return to the office and why organisations should be doing everything they can to ensure it does. More →

Central London office leases fall by over half in second quarter of 2020

Central London office leases fall by over half in second quarter of 2020

Share Button

According to research from DeVono Cresa, the second quarter of 2020 saw 1.2 million sq. ft of office space leased across central London – a drop of 57 percent on the previous quarter. With the market feeling the full effects of the COVID-19 lockdown, demand, availability and rents in central London all trended as predicted, but with the pace somewhat subdued. Q1 2009, at the time of the Global Financial Crisis (921,000 sq. ft leased), remains the lowest quarter of take-up. More →

Remote work and office life go hand in hand in a flexible future

Remote work and office life go hand in hand in a flexible future

Share Button

serviced offices and remote workThe COVID-19 pandemic changed numerous aspects of how we live and work and led to a massive remote work experiment. A JLL survey of more than 3,000 employees working in multi-national companies across the globe claims that 71 percent of people have  worked from home during the pandemic, and that 58 percent missed the office and 44 percent missed human interaction and socialising with colleagues. The largest cohort who missed the office was the under 35s, or millennials, with 65 percent citing poor home-office environments and missing support from their managers.

More →

Containing office costs in the post-lockdown era

Containing office costs in the post-lockdown era

Share Button

office costs after lockdownAs companies transition back to the office and set out on the road to economic recovery, business leaders are focussed on developing resilient and sustainable strategies. Faced with a new business environment, companies are looking for opportunities to contain office costs, both in the short-term and in the future. Some who have been immune from cost pressures in the past are looking to contain if not reduce costs for the first time. And, after a forced trial of remote working, many are viewing their property portfolio in a new light and questioning whether they are paying for more space than they need. More →

BCO launches podcast to explore the future of offices

BCO launches podcast to explore the future of offices

Share Button

The British Council for Offices (BCO) has launched its first podcast, a 12-episode series, hosted by chief executive Richard Kauntze, which explores how COVID-19 is impacting the office, both in the long and short term. The interviews are edited versions of a recently run video series by the BCO. More →

Londoners` demand for a healthier commute is redefining the office market 

Londoners` demand for a healthier commute is redefining the office market 

Share Button

Leo coworking space in North LondonNew statistics released by workspace provider The Argyll Club suggest that the main concern for London’s businesses post lockdown is whether employees can get to and from work safely. Also, in an encouraging sign for the City’s office market, 50 percent of businesses are already making enquiries into larger office space.

More →

Translate >>