September 23, 2019

Growing number of organisations pledge to take action on climate change

by Neil Franklin • Environment, News, Property

As world leaders meet in New York for today’s UN Climate Action Summit, a group of 59 large multinationals including Swiss Re, Ikea, and L’Oréal have signed up to the UN Global Compact to pledge to cut greenhouse gas emissions. The compact now has 87 corporations as signatories, including Astra Zeneca and Unilever who signed up earlier this year, with a combined market value of $2.3 trillion. As is the case with countries, there is still a way to go for more companies to take decisive action on climate change, however. (more…)

September 19, 2019

Brexit causes commercial property investors to put plans on ice

by Neil Franklin • News, Property

New research commissioned by Experience Invest claims that the majority of UK commercial property investors have put their financial plans on hold as they await the Brexit deadline and 2019 Autumn Budget, new research from Experience Invest claims. Experience Invest commissioned an independent survey of over 1,000 property investors, who all own three or more residential properties in the UK. (more…)

September 19, 2019

Employee privacy issue explored at CoreNet Global Summit

by Freddie Steele • News, Property, Technology, Working culture

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

The four day week problem, WeWork delays IPO, harbingers of doom and some other stuff

by Mark Eltringham • Features, Flexible working, Property, Technology, Workplace design

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

High streets should switch focus to office space and high-skilled jobs

by Neil Franklin • Cities, News, Property

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

Flexible office space transforming US commercial property sector

by Neil Franklin • Coworking, News, Property

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

Office costs continue to rise across the UK

by Neil Franklin • News, Property

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

Workplace experience to be main theme of CoreNet Global

by Neil Franklin • Company news, Events, Property, Technology, Workplace design

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

Coworking continues to reshape property markets worldwide

by Neil Franklin • Coworking, News, Property

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

by Mark Eltringham • 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…)

August 14, 2019

London commercial property market continues to thrive

by Neil Franklin • News, Property

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

London occupiers mixing conventional and flexible offices

by Neil Franklin • Coworking, News, Property

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…)