November 12, 2021
Manchester’s office market could see a boost thanks to its 22,850 SME businesses says Cluttons, who have recently launched an office on King Street in the City. Recent research by distribution company Citisprint highlighted that Manchester’s SMEs are also the most confident with 33 percent saying their business is in better shape post-pandemic, and 52 percent expecting to grow in the next 12 months. More →
November 11, 2021
Six of the UK’s key regional economic centres risk not achieving their net zero targets, unless significant action is taken to upgrade and improve their commercial property in the next 10 years, according to new analysis by JLL. The report, Sustainability and Value in the Regions, suggests that 90 percent of the office stock in England and Wales’ largest regional office markets is at risk of not meeting the UK government’s target for all non-domestic properties to have an EPC B rating by 2030. These findings come at a time when three of the cities analysed – Birmingham, Bristol (pictured) and Cardiff – have committed to achieving net zero status by 2030. Leeds and Manchester, both aim to be net zero by 2038. More →
November 9, 2021
Research from Gerald Eve has highlighted a strong resurgence in activity in the London office market in Q3. Occupier take-up increased 30 percent to 2.8 million sq ft, driven by large commitments by major London occupiers. It was the highest level of occupier activity since before the pandemic and only 7 percent below the five-year quarterly average. More →
November 2, 2021
A new report expresses scepticism about the UK government’s current net zero strategy for the country’s buildings, with 69 percent of built environment professionals doubting its feasibility. The research, published in the City of Tomorrow report by building performance analysts IES, found that more than half (51 percent) of those working in the sector believe that net-zero 2050 is only achievable with further legislative action. One in 10 think that the current plan is not ambitious enough, and 8 percent think it’s not realistic. More →
November 1, 2021
There are no prizes to be won for saying that the modern workplace is already markedly different from those we have known in recent decades. As remote and flexible working practices have become more common, the role of the office has already begun to evolve – the pace of change has been greatly accelerated by the pandemic, which has resulted in a rethink among many organisations about their real estate needs. More →
October 29, 2021
Pressing the ‘reset’ button is never easy. But I’m a firm believer that, once we do, we become much less averse than we perhaps expected to the change it inevitably brings. This is particularly true of the past eighteen months. From all of the sadness and hardship endured, we are beginning to emerge into a new, changed way of living. One that is both familiar and altogether different. The dichotomy is particularly evident in our workplaces. For many sections of the economy, the office was the ecosystem of our daily working lives. Initial questions of whether the office would survive quickly fell by the wayside, and a more interesting, nuanced, debate of what we want the office to be began. More →
October 29, 2021
The latest research from Avison Young claims that the London office market’s recovery continued in the third quarter of 2021, with activity in the occupier market increasing to 2.4 million sq ft, 26 percent above the previous quarter and 1.1 percent above the 10-year quarterly average. More →
October 18, 2021
A new report from property consultancy Cluttons looks at the new challenges the Prime Central London office market faces in 2021/22, with issues such as Brexit and the immediate impacts of the global pandemic – but also longer-term problems like changing lifestyle preferences, the uptake of remote working and climate change. More →
October 14, 2021
The UK Green Building Council has published new guidance for local authorities on the environmental performance of their new buildings. The organisation has published its latest Commercial Playbook to “fill the gap left by national policy, which is not currently delivering change at the pace that is required to meet the UK’s environmental commitments”. More →
September 30, 2021
The debate about the workplace and the future of work gets more interesting by the week. In the last few days alone, I’ve listened in on three great speakers talking about the opportunities, challenges, nuances and complexities of it all in a way that has been all but impossible in the past 18 months. In addition, Nigel Oseland has published his new book on people-centred work. Jo Owen’s new book on hybrid working is similarly a breath of fresh air on that particular subject. More →
September 21, 2021
Predicting behaviours in the commercial property market is never an easy thing, yet we know that the pandemic has drastically altered this market. Whilst some players have advocated ‘the end is nigh’ for all office space, research shows a different picture emerging – namely the office space as we know it is evolving into something different. The impact of prolonged uncertainty has fuelled change. However, there are other forces at work shaping a brighter and more varied future for office space. More →
November 10, 2021
Working culture should align and balance with commercial objectives
by Siobhan Byrnes • Comment, Flexible working, Property, Wellbeing