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…)

Members of the National Federation of Builders (NFB) have expressed concerns that the lack of clarity from the Government is causing the construction industry to close down. As well as reducing productivity to ensure on site social distancing, reduced access to materials and public opinion has made it extremely difficult for industry to operate. (more…)

Commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction, the government has announced. Many landlords and tenants are already having conversations and reaching voluntary arrangements about rental payments due shortly but the Government says that it recognises businesses struggling with their cashflow due to coronavirus remain worried about eviction. (more…)

The number of young workers leaving London is on the rise, with net migration away from the capital growing, claims new research from Totaljobs and Professor of Economics at Lancaster University, Geraint Johnes. The new research, taken from analysis of ONS data as well as the views of 2,000 Londoners, suggests that since 2014, more than one million professionals have left London, with just 900,000 coming in. This is a net loss of 88 workers every day, with the biggest shortfall down to workers aged 25-34, the majority (54 percent) of them having given up hope of ever owning property in the capital. There has been a 49 percent increase in outbound migration of those in their 30s over the last five years. (more…)

A new report from Office Freedom claims that Central London is enjoying continued growth in demand for flexible offices, with no sign of slowing. Flexible workspaces have seen a dramatic increase in recent years, with Central London seeing particular interest for flex spaces.  The London’s growing flex appeal report takes a detailed look at Central London flexible workspace trends. (more…)

While Brexit uncertainty has dented business investment, on which the research and development (R&D) sector is particularly dependent, new research suggests Cambridge remains a popular destination for knowledge-intensive businesses. According to property consultants Bidwells, the property market in the city proved robust throughout 2019, with take-up moving well ahead of the 10-year average. Knowledge-intensive businesses were responsible for more than 80 percent of the space taken, roughly evenly split between the life science and tech sectors. (more…)

Rents for new, Grade A office space are likely to rise in many parts of London this year, a property consultancy has predicted. According to Carter Jonas, rents for prime located, new, mid-rise, Grade A space above 5,000 sq ft will typically increase by £1.50 – £2.50 per sq ft per annum by the last quarter of 2020 across most of the London office sub-markets. The forecast increases are being underpinned by continued low vacancy rates and unexpectedly strong demand as business confidence increases following the general election. (more…)