September 19, 2019
Employee acceptance of new technology was a recurring theme of the CoreNet Global Summit in Amsterdam last week. The business value of monitoring software was largely accepted during the three days of the Summit; however, the individual’s perspective – that the benefits that might be traded for loss of employee privacy – was widely acknowledged as a pressing issue. More →
September 17, 2019
It’s interesting to watch what happens when politicians – even more so than normal people – are faced with evidence they don’t like. And it’s especially interesting when they asked for the evidence in the first place. You can pick your own examples but it was interesting to note Shadow Chancellor John McDonnell’s immediate and decidedly lukewarm response to his own report into the wisdom of introducing a 4 day week, which concluded that the idea is ‘not realistic or even desirable’. More →
September 16, 2019
Many British High Streets face a bleak future as policymakers are failing to identify a clear economic focus to city centre regeneration strategies. According to the Centre for Cities’ latest research, in partnership with Nationwide Building Society, success is defined by those policies that create skills, jobs and quality office space for businesses rather than currently accepted interventions such as cultural initiatives, business rate reforms and online sales taxes. More →
September 16, 2019
A new report from CBRE claims that the US market for flexible office space will generate significant growth over the next decade, even in the event of a recession, as flex operators consolidate and forge financial partnerships with building owners. More →
September 13, 2019
Lambert Smith Hampton (LSH) has released its latest Total Office Cost Survey (TOCS) which provides detailed information on office costs for over 50 UK locations. Across 54 surveyed locations, the survey shows the prime core of London’s West End remains by far the most expensive UK office location, with the annual cost for a new office in Mayfair standing at £18,988 per workstation. This stands at 139 percent above the UK average and 45 percent ahead of the next most expensive office location, the City of London. More →
September 5, 2019
Optimising the human workplace experience to achieve greater productivity and creativity will be explored in depth at the CoreNet Global Summit in Amsterdam this September. Over a dozen diverse sessions will examine multidisciplinary approaches to achieving gains in health, productivity and creativity alongside both academic and commercial research showing measurable benefits. More →
August 29, 2019
Against a global backdrop of diminishing business confidence and a weaker outlook for economic growth, a robust labour market in the world’s largest economies continues to underpin demand for office space with high employment levels prevalent across a number of major markets. Demand continues to be driven by the knowledge economy, with the coworking boom continuing to broaden its reach across major markets, forcing traditional landlords to adapt their offering in order to best accommodate existing and potential occupiers. More →
August 23, 2019
A right leaning think tank’s suggestion that the UK should set a new retirement age of 75 and introduce a range of measures to extend people’s working lives to boost the economy and improve people’s wellbeing sparked an inevitable paroxysm of rage. Immediately followed by an equally inevitable and furious level of what passes for debate these days. A stramash the Scottish would call it. More →
August 14, 2019
July saw some of the largest deals complete in central London this year, says Savills, with a total of £1.394bn transacted in the West End and the City of London across 13 deals, representing a 185 percent increase on the £489m transacted in June. The real estate adviser highlights the low exchange rate coupled with high demand as the key factors behind the ongoing drive for deals in the London commercial property market. More →
August 8, 2019
Although London retains its status as the European capital of flexible offices and coworking, a new report from Colliers International claims that the capital is also enjoying above average demand for conventional office space, coupled with reduced footprints overall, as corporate occupiers seek to expand their businesses but without taking on property at the same rate. More →
August 8, 2019
Paul Patenall, Projects Director at U+I, has been elected as President of the British Council for Offices (BCO) and will focus on the positive impact the industry can have on wellbeing. Patenall set out his vision as Chair of this year’s BCO Conference, held in Copenhagen. The event explored the Danish concept of Arbejdsglæde, which is based on a balanced and considerate approach to work. The concept informs the city’s workplaces, which are renowned for their bold designs, intelligent use of natural light and space and for encouraging occupants to stay active throughout the day. More →
August 7, 2019
Around one in ten businesses in England were sued by their local authorities over the past year for failing to pay rising business rates, new data suggests. According to real estate consultancy Altus Group, around 750 businesses were sued each working day. The real estate group said the figures highlight the cost pressures on UK businesses, as the occupies of around 190,000 commercial properties came to court over the non-payment of rates during the last financial year. The report claims that the occupiers and owners of offices, shops, pubs and restaurants have called for cuts to business rates. According to Altus Group, the standard rate of tax, which applies to all medium and large premises in England with a rateable value of more than £51,000, rose by 2.4 percent on 1 April 2019. More →
