August 5, 2021
There was a spring in the step of the central London office market in Q2 2021 with more businesses committing to new office space, as plans to return to workplaces took shape. Research by DeVono Cresa claims that just over 1.98 million sq ft was transacted, representing an upturn of 21 percent on the previous quarter and the highest quarterly total since the outbreak of the pandemic. More →
August 4, 2021
More than half of respondents agree conditions are consistent with an upturn, according to the Royal Institution of Chartered Surveyors, RICS’ latest commercial property market survey. In the second quarter, 56 percent of survey participants predicted a recovery compared with 38 percent of respondents from January to March. More →
August 2, 2021
There has been a further improvement in sentiment across the global corporate real estate market, according to the latest RICS Global Commercial Property Monitor. Respondents highlight a continued steady recovery, with the Americas and Europe leading the way. Importantly the improvement is being recorded on both the occupier and the investor sides of the market, reflecting improved macro-economic factors. Sentiment amongst both occupiers and investors continues to recover, consistent with the expectation of a sustained economic recovery from the pandemic. The global sentiment reading for occupiers rose from -26% to -10%, whilst for investors it climbed from -10% to +1%. However, whilst forecasts for the global economy have strengthened, uncertainty remains over any future impacts of COVID following the upsurge in cases linked to Delta variant.
July 19, 2021
Thought Machine, core banking technology company, has agreed to lease all 67,000 sq ft, at 7 Herbrand Street, WC1, in a bespoke deal with leading flexible workspace provider LABS. The building will become its new London headquarters to support its ambitious growth plans. More →
June 11, 2021
Taunton’s UK Hydrographic Office Headquarters was named ‘Best of the Best’ at the British Council for Offices’ (BCO) National Awards, and also took home the ‘Corporate Workplace’ award. The office was joined by six other award winners recognised as leading examples of excellence in the office space. This ‘roll of honour’ includes two buildings in London: The Brunel Building on Canalside Walk, and 160 Old Street, a refurbished office space in the “Silicon Roundabout” district. More →
June 8, 2021
Major UK employers plan to reduce their office space by up to nine million square feet, equivalent to 14 Walkie Talkie buildings – the 37 floor high rise on London’s Fenchurch Street – according to PwC’s Occupier Survey of 258 of the UK largest companies. The fresh figures show half of the organisations surveyed expect to reduce the size of their real estate portfolio and, of these, one third believe they will reduce their office footprint by more than 30 percent. More →
June 6, 2021
Occupiers and landlords of commercial property should partner on a path towards full economic reopening by taking decisive action to address commercial rent challenges, says the CBI. The CBI believes commercial property tenants should resume paying rents as normal when emergency coronavirus legislation protecting businesses from evictions and statutory demands ends on June 30, except in cases of extreme financial difficulty caused by this year’s lockdown measures. More →
June 1, 2021
HR leaders, heads of real estate and IT decision-makers have not always spent huge amounts of time working together – their roles and responsibilities have often been siloed. But in the new world of work, that’s all changing. These three groups of senior leaders are being asked to collaborate on one of the biggest challenges corporate occupiers, as they try to figure out when and how to return to office-based working and shape the future of work. Failure to collaborate will increase the probability of workplaces having low occupancy rates, low employee engagement and decreased productivity. More →
June 1, 2021
BT has today announced plans to develop a brand new, multi-million pound contact centre in Dundee which will become the new home to around 1,000 employees. The new office will be at West Marketgait in the heart of the city centre, close to the waterfront and part of a £1bn regeneration area. When the building is complete, expected in late 2023, the contact centre will be one of around 30 of BT’s new future-fit offices in the UK, developed as part of its ‘Better Workplace Programme’ – the largest workplace improvement and consolidation scheme of its type ever undertaken in the UK. More →
May 26, 2021
New research from MRI Software, claims that 71 percent of commercial occupiers say the mass shift to remote working during the pandemic has fundamentally changed their long-term approach to space usage, and yet 69 percent of landlords expect no lasting impact from COVID-19. More →
May 24, 2021
Jooxter has announced the expansion of its operations into the UK and Ireland. Jooxter is a leading provider of smart workplace solutions designed to help businesses manage their digital workplace strategy by optimising building occupancy, managing workspaces and enabling collaboration. Founded in France in 2014 by CEO Fabien Girerd, Jooxter offers web and mobile applications combined with QR codes and IoT networks to provide real-time visualisation of a building’s occupancy and analytics. This gives companies a smart way of managing and optimising the use of the office space they have. More →
July 14, 2021
Time to get real on what companies need from their real estate
by Dotan Weiner • Comment, Property, Wellbeing, Workplace design