Green commercial properties prove their worth

Green commercial properties prove their worth

green Nearly half of respondents in a global survey reported stronger occupier and investor demand for commercial properties with green building certificates. This translates into higher rents according to the Royal Institution of Chartered Surveyors, RICS, sustainability findings within its global commercial property monitor for the third quarter. More →

CIBSE launches COVID-19 achievement award

CIBSE launches COVID-19 achievement award

AwardA new award recognising the work undertaken by building services professionals and the wider supply chain to combat the effects of COVID-19 has been set up by CIBSE. More →

Leadership in a new age of virtuality

Leadership in a new age of virtuality

workplace leadershipWe are living through a fundamental transformation in the way we work. The pandemic has forced organisations to go virtual. New government guidelines, including a tiered alert system, suggest that this will be the norm for the foreseeable future. But step back from the noise and it is easy to see how the current crisis is simply accelerating the inevitable. A confluence of forces, including advancements in technology and infrastructure, increasing globalisation, shifting demographics and COVID-19, has enabled greater connectivity and mobility, making obvious to organisations, their leadership and individuals the wisdom of adopting flexible work models. More →

COVID-19 accelerates Milton Keynes tech transition

COVID-19 accelerates Milton Keynes tech transition

Milton KeynesAs the tech sector and associated businesses rise to the pressures and opportunity presented by the reality of COVID-19, Sue Foxley, Research director at Property Consultants Bidwells delves into the impact of the virtual change within the Milton Keynes office market. More →

Commercial rental prices fall in the UK as pandemic continues to bite

Commercial rental prices fall in the UK as pandemic continues to bite

Prices

Commercial real estate rental prices are continuing to drop in all the UK’s main business centres according to the latest quarterly figures by national office agent FreeOfficeFinder.com. Office rental prices and those for coworking spaces at the UK’s major cities are all feeling the long-term effects of the Covid-19 pandemic with predictions that they will slump even further as a result of the new lockdown measures announced by the government. More →

BCO London Region Awards winners announced

BCO London Region Awards winners announced

Five businesses have been recognised in London at the annual British Council for Offices’ (BCO) regional awards. This year, the prestigious event was held virtually as part of the BCO’s Festival Awards Week, which recognises the highest quality developments in the UK and sets the standard for excellence in the regional and national office sector. More →

Office space costs fall for only the second time

Office space costs fall for only the second time

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`

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

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

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

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

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 →