August 10, 2020

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

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 →

June 23, 2020

BBP and BSRIA publish new soft landings report for property owners

by Neil Franklin • Architecture, Facilities management, News, Property

Better Buildings Partnership, together with BSRIA (Building Services Research and Information Association), has today published the joint report: Soft Landings: The Benefits to Commercial Property Owners. The commercial property sector is waking up to the fact that it needs to take responsibility on climate change and there is a broad recognition that a significant gap exists between the design expectations and operational performance of buildings. Part of taking climate action involves minimising this gap, the report’s authors claim. More →

June 16, 2020

Offices in the post lockdown era will focus on what they are good at

by Neil Franklin • News, Property

Office spaces will become a hive of activity in the future as more businesses embrace office designs which promote innovation, creativity and team collaboration, predicts commercial real estate advisors Colliers International. The EMEA Workplace Advisory team has published its latest report, Exploring the post-COVID-19 Workplace, which evaluates feedback from its global Work from Home survey to discuss future workplace trends. More →

June 3, 2020

Data is changing the role of the workplace and HR

by Shaun Guyver • Comment, Property, Workplace

Business leaders have been heavily dependent on HR, real estate, and technology functions working together to help their organisation adapts to this new world of work during the pandemic. Ensuring personal safety, promoting wellbeing, encouraging collaboration, and maintaining efficient service delivery will never be more important than in the coming months. The challenge facing CRE leaders is how to advise on the appropriate range of workspaces and hygiene standards to allow organisations and their people to thrive, and how to cut through the complexity of accessing and interpreting data to achieve this. More →

June 1, 2020

The new era of work will embrace an ecosystem of spaces

by Neil Franklin • Flexible working, News, Property, Workplace design

The results of a new survey on people’s experience of working from home during lockdown will accelerate the shift from primarily office-based work to a “total workplace ecosystem”, based on offices, homes and other locations including digital space. That is the conclusion of a new report from Cushman & Wakefield which analysed responses from more than 40,000 individuals from around thirty companies across nearly twenty sectors. More →