May 24, 2016
New standard for building wellbeing launched in US 0
If you’re still confused about the proliferation of green building standards worldwide, then brace yourself. A new standard that seeks to measure the wellbeing inducing characteristics of a building has been launched as a counterpart to the WELL Building Standard developed by the Green Building Certification Institute and the International WELL Building Institute. The new standard is called Fitwel, was designed by The Centers for Disease Control and Prevention and the General Services Administration and is overseen by the Centre for Active Design. The standard uses a scorecard that ranks buildings on over 60 criteria such as indoor air quality, fitness facilities and lobby and stairwell design. According to its proponents these criteria apply well-established scientific principles to address seven characteristics of a healthy working environment. The standard is very much a product of the US public sector at this stage and was piloted in 89 federal buildings during 2015. Its full launch is scheduled for next year. Image: Gensler / Hedrich Blessing
May 17, 2016
London’s central office market peak driving change for other zones 0
by Tobi Crosbie • Cities, Comment, Facilities management, Property
There are plenty of good reasons to believe that London’s Central office market has hit its peak. Rents are at an all-time high in the majority of core office locations and whilst the start of 2016 has seen rents rise, there is certainly a clear steadying of the pace. According to our own data, the Landlord’s quoted rents for offices across the entire Central London market. Core offices such as Mayfair and St James’s have reached levels of £150 per square foot (pfs) in Q1 2016 compared with £120 per square foot in Q1 2015 a rise of 25 percent in 12 months. That does sound excessive, until this is compared with the rises seen East of the city in so called ‘fringe markets’ of Clerkenwell, Old Street and Shoreditch. Here the rents have become eye watering. In Q1 2015, the prime quoting rent in Shoreditch had reached £55 psf. In Q1 2016, this number had reached £75 psf highlighting an increase in 12 months of over 35 percent.
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