Coworking continues to reshape property markets worldwide

Coworking continues to reshape property markets worldwide

by • Coworking, News, Property

Epicenter Coworking Space in StockholmAgainst 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 →

A grey tsunami, three goldfish, the red pill of coworking and some other colourful stuff

A grey tsunami, three goldfish, the red pill of coworking and some other colourful stuff

by • Features, Property, Wellbeing, Working lives

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 →

London commercial property market continues to thrive

London commercial property market continues to thrive

by • News, Property

The London commercial property market continues to thriveJuly 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 →

London occupiers mixing conventional and flexible offices

London occupiers mixing conventional and flexible offices

by • Coworking, News, Property

London occupiers are looking at various ways of occupying spaceAlthough 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 →

Incoming BCO President commits to focus on wellbeing

Incoming BCO President commits to focus on wellbeing

by • News, Property, Wellbeing

BCO President commits to focus on wellbeingPaul 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 →

One in ten firms sued for business rates arrears

One in ten firms sued for business rates arrears

by • News, Property

business rates 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 →

London is top flexible offices market in Europe

London is top flexible offices market in Europe

by • Coworking, News, Property

Leo coworking space in North London, Europe's main pioneer of flexible officesResearch conducted by CBRE claims that London’s stock of flexible offices amounted to over 1.1 million square metres, representing over 5 percent of the city’s total office stock. This places London firmly top of the table of flexible office markets, when compared to major cities across Europe. More →

Construction industry prepares for a downturn

Construction industry prepares for a downturn

by • News, Property

Construction industry bosses are reorganising their workforce in preparation for a potential downturn, with higher levels of sub-contracting and lower levels of direct employment, claims new research by the Federation of Master Builders (FMB). There was a decrease in employment levels among small construction firms with 21 percent of employers reporting a reduced workforce. Workloads for construction SMEs grew with 27 percent of employers reporting higher workloads. More →

Flexible offices continue to dominate UK property market

Flexible offices continue to dominate UK property market

by • Coworking, News, Property

flexible offices dominate UK propertyTake-up across the UK’s ‘Big Nine’ regional office markets rose to 2.3 million square feet during second quarter of 2019 according to the latest market update from property advisors Avison Young. This is up ten percent up on a 10-year average, with activity was skewed towards flexible offices, larger deals, city centres and the technology media and telecoms sector.  More →

New government has unprecedented chance to transform buildings

New government has unprecedented chance to transform buildings

by • Environment, News, Property

Deloiite London offices is an example of a new generation of buildings with a focus on the environment

The new UK government led by Boris Johnson has an unprecedented opportunity to dramatically shift policy on the built environment and deliver higher standards of safety, sustainability and social justice, according to the Building Engineering Services Association (BESA). It urged the new administration to back up rhetoric around climate change with robust legislation; to enshrine the recommendations of the Hackitt Review to improve fire safety in buildings; and tackle the scourge of late payment that is undermining thousands of SME and driving many into insolvency. More →

New BT HQ will be one of the “largest workplace transformations ever”

New BT HQ will be one of the “largest workplace transformations ever”

by • News, Property, Workplace design

BT has agreed a deal to move into a headquarters in the Aldgate area of London after the £210 million sale of its current base. BT will move to the new 320,000 square foot, 18-storey building near Aldgate East station currently called One Braham. The move comes as part of the group’s sweeping shake-up announced last month that will see 270 offices closed. Its consolidation plan – the biggest of its type in the UK – will see 300 offices reduced to 30 by 2023, although BT stressed that no jobs will be lost as a result of the move. More →

Santander reopens closed branch as coworking space

Santander reopens closed branch as coworking space

by • Coworking, News, Property

Work Cafe represents a new form of coworking and retail spaceSantander has opened its first Work Café in the UK. The Work Café concept was initially developed by Santander in Chile in 2016  and its success has seen 50 branches opened in Spain, Portugal, Brazil and Argentina. The bank claims the reopened branch will work as a ‘community hub’ offering banking facilities, free coworking spaces and freshly-brewed artisan coffee. The branch was previously closed at the end of June last year. More →

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