March 18, 2022
Flex office provider The Instant Group has merged Davinci Virtual Office Solutions into its online marketplace for flexible workplace. Last week, Instant announced the creation of what it claims is the world’s largest independent marketplace for flexible workspace through the merger with key digital assets from IWG plc including: EasyOffices.com, Meetingo.com, Rovva and Worka. More →
March 15, 2022
In the context of a second major economic shock from war in Ukraine and continuing inflationary concerns, the PWC / ULI report Emerging Trends in Real Estate Global Outlook 2022 focuses on the global outlook for the real estate industry increasing pressure for finance to support the decarbonisation of real estate. The industry challenges lenders and their regulators to provide debt for the retrofit of existing buildings and the scale-up of the ‘climate tech’ needed. More →
March 10, 2022
NewFlex, an operator of flexible offices and “space-as-a-service” solutions with fifty sites across the UK, has been appointed to curate and manage the incubator and innovation workspace community at the landmark London office 22 Bishopsgate. To be known as The Exchange (branded as XCHG) and specifically targeting start-ups, scale-ups and SMEs, the c.14,000 sq ft flexible office and co-working space on level seven will be NewFlex’s most significant space as-a-service project to date, aiming to create a bespoke environment that fosters innovation. More →
March 8, 2022
Putting active commuting at the heart of ESG policies can shift commuters towards more sustainable forms of travel, improve individual health and wellbeing and help companies cut carbon emissions, new research from the British Council for Offices (BCO) has found. A new BCO research report, The Market Cycles II examines the rise of cycling in the UK over the past five years and its impact on office specifications. The report highlights that this period has seen an increase in cycling activity in the UK, with a particularly sharp rise in the past two years as the COVID-19 pandemic has caused a shift in travel habits, and a rise in active commuting. More →
March 3, 2022
Should I stay or should I go? – we have all faced that dilemma in recent weeks with our offices opened by hopeful employers versus the enticement of a warm kitchen, fresh coffee and swerving a long commute also on offer. It is a decision we are all having to make and, which seems loaded with potential, previously unimagined outcomes. More →
March 3, 2022
British Land has signed 34 new deals totalling 238,000 sq ft across its central London campuses. Since the half year results, nine businesses have signed 125,000 sq ft at newly refurbished buildings at Broadgate. New occupiers include customer engagement platform, Braze (49,000 sq ft, Exchange House); proprietary trading firm, Maven Securities (38,000 sq ft, 155 Bishopsgate); US-based law firm, Jenner & Block LLP (13,000 sq ft, 10 Exchange Square) and markets’ infrastructure and technology platform, Symphony (7,000 sq ft, 135 Bishopsgate). More →
March 1, 2022
Flexible office provider Mindspace has announced it will occupy 7,000 square meters of office space, a lobby and several roof terraces in Berlin’s FÜRST. The landlord for the project is the FÜRST Projektgesellschaft. The premises are part of the first construction phase of the district development, which was already completed in October 2020 on Berlin’s well-known Kurfürstendammwith a total of 19,000 square meters of commercial space and an additional parking garage with more than 500 parking spaces. In addition, Mindspace has also announced the appointment of its new global VP of Real Estate and Projects, Ana Nekhamkin.
The FÜRST Projektgesellschaft is developing a site of 20,000 square meters in the prime Kurfürstendamm location in an area that extends over 97,000 square meters of commercial rental space for retail, office, lifestyle and art. Based on the design of the architectural firm Kleihues + Kleihues, in addition to the revitalisation of an entire block, a new public square will be created for Berlin’s City West.
With Ku’damm being one of the most important shopping streets in Germany, Mindspace secures yet another flex office of over 7,000 square meters in a AAA Berlin location.
Besides FÜRST, Mindspace is opening a second new location in Berlin on Zimmerstraße, which marks the 10th German location for the company. The two new locations in Kurfürstendamm and Zimmerstraße are scheduled to open in July 2022 and both will be close in proximity to the three existing Mindspace offices on Berlin’s Friedrichstraße, Skalitzer Straße and Krausenstraße (pictured).
The new Mindspace Zimmerstraße can be found at the historic border of the Berlin Wall and covers 4,500 square meters on eight floors.
“Germany is a key market for Mindspace and our expansion in Berlin is one of the many to come. Currently our occupancy rate in Germany is over 95 percent and in some cities, even more. Mindspace is on a path of growth and we’re excited to have such great partners by our side for the journey,” says Oliver Lehmann, General Manager Mindspace Germany.
Mindspace currently operates 32 locations in 17 cities, and following their recent funding of $72 million of equity capital, the company is following through on its promise to continue expanding its proven offerings to meet the high demand. A significant part of the expansion is planned for Germany, and specifically Berlin as it’s a hub for startups, tech companies and creatives.
February 23, 2022
The world is in a race. And it’s a race against time – against rising sea levels, overcrowded cities, and a virus that has shown us a thing or two about being adaptable. Although the current developments around infection rates and the omicron variant are cause for hope that the virus will soon become endemic, the experience of the last two years have emphasized something important: There is an urgent need to transform infrastructure across different dimensions – one of which is the physical space: the changing needs and expectations of people in their buildings, factories, facilities, offices and homes call for adaptability. More →
February 14, 2022
A new framework from the Royal Institution of Chartered Surveyors has been designed to improve building use, support flexible working and put people at the heart of decision making about commercial property. RICS says the International Building Operation Standard will provide organisations an interactive easy-to-use framework, supported by an assessment tool, to measure and benchmark building performance, by collecting consistent data to satisfy the latest needs of occupiers, investors, advisors and end users. More →
February 8, 2022
The distillation of every received and laundered idea of the past two years leads us here. A claim from Gallup that in future just over a third of the desks in offices will be empty. Whatever Gallup thinks, this is great news for the office sector. One of the truths the office sector hasn’t always liked to talk about too much over the last few decades is that in a typical office over that period, around half of the desks have already been empty. More →
February 7, 2022
The headline climate pledges of 25 of the world’s largest companies in reality only commit to reduce their emissions by 40 percent on average, not 100 percent as suggested by their “net zero” and “carbon neutral” claims, according to a new analysis. These are the findings of the Corporate Climate Responsibility Monitor released today, conducted by NewClimate Institute in collaboration with Carbon Market Watch. It evaluates 25 major companies – operating across different sectors and geographies – to determine the transparency and integrity of their headline climate pledges. More →
March 11, 2022
The much talked about new normal doesn’t exist, but the world has changed in profound ways
by Dr Simon Williams • Cities, Comment, Flexible working, Property, Technology
Work
One of the biggest changes predicted during the pandemic was a long-term shift towards home or hybrid working. However, there are already signs that this transition might not be as obvious or complete as expected.
[perfectpullquote align=”right” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]The signs of the transition to hybrid work are not as obvious or complete as expected[/perfectpullquote]
In the UK, the proportion of people working from home at least some of the time increased from 27 percent in 2019 to 37 percent in 2020, before falling to 30 percent in January 2022. Similarly, in the US the proportion working from home declined from 35 percent in May 2020 to 11 percent in December 2021.
One of the main reasons people are going back to the office is employers’ expectations. Many companies are concerned that more permanent home working might affect employees’ team building, creativity and productivity.
But among employees, there’s a greater appetite for hybrid and flexible working. One recent multi-national survey found that whereas roughly one-third of workers had worked at home at least some of the time before the pandemic, roughly half said they want to in the future.
Shopping
The pandemic didn’t create the habit of online shopping, but it makes more of us do it. Did this make us realise we don’t need actual stores anymore?
It doesn’t seem so. Shopping in bricks-and-mortar stores has already started to recover. Recent data on people’s movements, gathered anonymously from mobile devices, shows how in many countries, before omicron hit, travel to retail and recreation spaces was back up to pre-pandemic levels, and is already starting to rebound after omicron.
The rise in online sales has also not been as dramatic or sustained as many predicted. In the UK, online sales made up 20 percent of total retail sales before the pandemic. By February 2021 this had risen to 36 percent, before declining steadily to 25 percent in February 2022.
Travel
One habit that might take longer to recover is our pre-pandemic love of international travel. It has taken a hit around the world, and the sector is still struggling. The UN’s International Civil Aviation Organization projects that international travel in 2022 will still be down by nearly a half compared to 2019.
One British survey conducted last September found that while 80 percent of people were planning on holidaying in the UK in the next year, only around 40 percent were considering going abroad. In comparison, in the 12 months up to July 2019, 64 percent of Brits travelled abroad for a holiday according to one travel industry body.
People’s reluctance to travel has been largely down to concerns over the virus and confusion over travel rules. As worries decline and rules get lifted, we may see a “mini-boom” in holidaymaking.
Socialising
Early in the pandemic, some commentators – including the US chief medical adviser Dr Anthony Fauci – suggested we might never return to shaking hands. I, with my colleague Dr Kimberly Dienes, argued that it was vital these rituals make a comeback, as they have several social, psychological and even biological benefits.
Are social-distancing habits, including meeting fewer people and having less physical contact with those we do, here to stay? For most people, no. Data shows only one-third of people in the UK are still socially distancing regularly, the lowest proportion since the pandemic began.
No new normal
But truly, only time will tell how much the pandemic will have changed our habits. However, bolder predictions – that the pandemic was going to completely and irrevocably change our ways of working, shopping, travelling and socialising – now seem premature and exaggerated. The pandemic has taught us we can work, learn, shop and socialise in different ways, but the question now is whether we still want to.
[perfectpullquote align=”right” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]The pandemic has taught us that we need to connect with others[/perfectpullquote]
Humans have basic needs, such as autonomy, feeling related to others, and feeling effective and competent in what we do. Part of the challenge with home working, for example, is that it simultaneously fulfils one need by giving us greater autonomy but takes away another by making us less connected. Expanding adequately supported, equality-focused, hybrid and flexible working arrangements is perhaps a promising way to meet both needs.
Some people will have acquired a sense of competence, or at least familiarity, with the new ways of doing things during the pandemic and so may wish to keep doing them. In some areas – travelling overseas, for example – it may take longer for our competence, and confidence, in old habits to return. However, many seem to be quite quickly returning to old ways and re-learning how to feel competent at doing things that they did before.
The extent to which we’ll go back to our old ways may also depend on our personality traits, which have been shown to shape our compliance with new behaviour. For example, those more open to new experiences by nature, or more extroverted, may be more eager to travel internationally or socialise in larger groups.
Finally, the pandemic may have served as a reminder of how much we appreciate everyday interactions with others, in shops, restaurants and so on. People may be keen to return to familiar ways that revive this – for example, picking something up in a store on the way home from work. Above all, the pandemic has taught us that we need to connect with others and that there are limits as to how much online communication can replace real, face-to-face interactions.
Dr Simon Nicholas Williams is a Senior Lecturer in People and Organisation at Swansea University
This article is republished from The Conversation under a Creative Commons license. Read the original article.