July 22, 2020
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
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
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
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
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
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 1, 2020
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…)
May 29, 2020
Many consequences of the COVID-19 crisis are immediately apparent to workplace managers and users. Potentially less obvious, are the fundamental changes to the job roles involved in managing commercial property, both within occupier businesses and property management teams alike. (more…)
May 27, 2020
The impact of the measures taken to curtail the spread of COVID-19 have dramatically changed the working landscape, not least of all for the commercial property market, claims a new report from property consultancy DeVono Cresa. Commercial occupier demand for London office space fell by 30 percent across Q1 of 2020, according to the report. However, it also suggests that the market fundamentals at the end of March remain relevant and will dictate heavily on future real estate decisions. (more…)
May 21, 2020
Rumours of the demise of the office are much exaggerated, according to new independent polling commissioned by the British Council for Offices (BCO), the representative body for the UK’s office sector. Just one in five (20 percent) UK adults plans primarily to work from home in the future, while only 16 percent hope that working from home replaces the office. Last week, Twitter, the social media company, announced that staff could ‘forever work from home’ if they wanted to. However, that offer would only be partially taken up by British workers, with many instead opting for ‘mixed working’, balancing time between the office and home. (more…)
April 30, 2020
Shared desking is likely to become less popular as a result of COVID-19, but we are likely to see an increase in the use of unisex superloos and screens for receptionists, according to a new thought paper by the British Council for Offices. The paper claims to outline how the workplace may change as a result of COVID-19, and how Britain can safely return to work in the coming weeks and months. (more…)
June 3, 2020
Data is changing the role of the workplace and HR
by Shaun Guyver • Comment, Property, Workplace