September 16, 2020

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

by Tim Oldman • Comment, Flexible working, Property, Workplace design

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 →

September 8, 2020

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

by Neil Franklin • News, Property

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 →

September 4, 2020

UK business leaders predict office downsizing in the coming year

by Jayne Smith • News, Property

A 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 →

August 12, 2020

The death of the office? Wait a minute

by John Williams • Comment, Property, Workplace design

I 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 →

August 10, 2020

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

by Neil Franklin • News, Property

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 →

July 29, 2020

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

by Neil Franklin • Flexible working, News, Property

The 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.

July 28, 2020

Containing office costs in the post-lockdown era

by Guy Brett • Comment, Property

As 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 →

July 23, 2020

BCO launches podcast to explore the future of offices

by Mark Eltringham • Company news, Property

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 →

July 22, 2020

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

by Freddie Steele • News, Property

New 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.

July 15, 2020

Commercial property market shows signs of life

by Neil Franklin • News, Property

UK commercial investment activity rose 42 percent in June compared to May, up from £755m to £1.3bn, taking total volumes for H1 2020 to £15.6bn, according to the latest market update from Savills. With the all-sector prime commercial property yield remaining stable at 5.21 percent in June, Savills says that together this may signal some stability is now returning to the UK investment market. More →

July 13, 2020

The economic challenges of the post lockdown world become clearer

by Jayne Smith • Briefing, Features, Premium Content, Property

There are so many unknowns about the ways in which the Covid-19 pandemic will shape our world in the coming months and years but what it has highlighted are the strengths and weaknesses in the global and UK economy and their implications for the commercial property sector. In its latest white paper, property consultancy and chartered surveyors Bruceshaw examines the macro and micro economic challenges that will shape the property sector for many years to come. More →

July 3, 2020

Demand for workspace in Oxford-Cambridge Arc set to soar

by Neil Franklin • News, Property

New research from Property Consultants Bidwells claims that up to 20 million sq ft of new lab and office space will be required in the Oxford-Cambridge Arc within the next two decades to keep pace with demand, twice the volume of the previous 20 years. The new report, ‘Oxford-Cambridge Arc Beyond the Covid-19 Crisis’, also estimates that the Arc will represent almost 11 percent of UK GVA by 2050, up from 6 percent today, equivalent to £100bn a year. More →