May 29, 2015

London firms focus on wellbeing and agile working to attract staff

by Mark Eltringham • Flexible working, News, Property, Wellbeing, Workplace design

An additional 5.1m sq. ft. of office space will be required by 2019 to accommodate the growth of professional services firms in London, claims new research from CBRE. According to the studio, firms will also adopt more pragmatic workplace strategies that focus on agile working and wellbeing to meet their objectives. Nearly all (92 percent) of the respondents to CBRE’s Professional London survey claim they use the workplace to enhance employee satisfaction and 83 percent of firms use it to control costs. Firms are also placing more emphasis on wellbeing and more agile and intensive ways of using space, according to CBRE. Other factors such as technology and the design of the workplace are also increasingly important. The research suggests that staff are increasingly attracted by on-site amenities, connectivity and location and other ‘lifestyle offerings’.

(more…)

May 27, 2015

Sheppard Robson release details of new mixed-use scheme in Clerkenwell

by Mark Eltringham • Architecture, News, Property

Architects Sheppard Robson have released more details of their design for a major mixed-use project in the Clerkenwell district of London. The site is currently occupied by a multi-story car park and the new scheme, developed alongside Endurance Land will include a 3,900 sq m office development aimed predominantly at SMEs, particularly those in the media, technology and creative industries for which the area is known. The scheme includes a hotel and retail spaces at ground level. Sheppard Robson claims that ‘all elements of the development in-keeping with the vibrancy of Clerkenwell and nearby Exmouth Market, whilst also acknowledging the history of the site which is adjacent to two conservation areas’. The hotel will be operated by Premier Inn, and include a touchdown cafe open to guests and the public.

(more…)

May 24, 2015

More intensive space use is helping to drive down office costs worldwide

by Mark Eltringham • News, Property, Workplace design

Office costs are falling worldwide, in part because occupiers are using space more intensively, according to the latest Office Thermometer report from commercial property firm DTZ. The report found that the West End of London has comfortably retained its position as the world’s most expensive location. The average annual cost of a workstation in the area is $29,000 (about £19,000), fully a third higher than second placed New York. The report found that office costs continue to fall significantly in most regions, nearly 4 percent overall on average, although there were increases in fast growing local markets, especially in the Middle East. According to the study, more intensive use of office space by occupiers, an appreciating US dollar, weak economic growth in Europe and significant new supply in emerging markets have combined to cut costs worldwide.

(more…)

May 22, 2015

Crown Estate first national property company to be Living Wage accredited

by Sara Bean • Facilities management, News, Property, Workplace

The Crown Estate has become the first national property business to accredit as a Living Wage employer. The Living Wage commitment aims to ensure that everyone working for The Crown Estate, regardless of whether they are permanent employees or contractors, receives a minimum hourly wage of £9.15 per hour in London and £7.85 per hour outside of London, significantly above the national minimum wage of £6.50. The Living Wage is calculated according to the basic cost of living in the UK and is accredited by the national Living Wage Foundation (LWF). A study examining the business benefits of implementing a Living Wage policy in London found that more than 80 per cent of employers believe that the Living Wage had enhanced the quality of the work of their staff, while absenteeism had fallen by approximately 25 per cent.

(more…)

May 21, 2015

TMT and finance sectors drive demand for London office construction

by Sara Bean • Facilities management, News, Property

The total level of office construction in central London has increased over the past six months, fuelled by the greatest volume of new space to start since 2011, the latest Deloitte London Office Crane Survey has revealed. With a rise of 24 per cent over the past six months, a new wave of office construction in central London is under way across almost all submarkets. This comes at a time when the level of available office space is at its lowest for seven years, with current market conditions still suggesting a short-term supply shortage. However, the ramping up of new developments over the last six months has come too late to significantly alter the delivery of new space in 2015. TMT and the financial sector are driving up demand for more office space.

(more…)

May 20, 2015

Collaborative work is the driving force behind the desk rental boom

by Peter Ames • Comment, Flexible working, Property

In the wake of the Smarter Working West Midlands project, which encouraged SMEs to try co-working for free, it is increasingly apparent the nation’s small businesses are prepared to embrace alternative office space options. Both serviced offices and desk-rental can offer the flexibility a long-term office lease often cannot because they involve rental agreements that may work monthly or quarterly, while a traditional lease will generally require a commitment of several years. Desk rental also offers a chance of skill-sharing, collaborative work and networking. In fact this was the key benefit for many businesses participating in Smarter Working West Midlands. For startups the ability to expand, contract or even relocate office can be invaluable. It’s this flexibility which allows them to mould a space to their brand and make the office feel like a true home.

(more…)

May 19, 2015

Shared office space is redefining commercial property and the workplace

by Charles Marks • Comment, Property, Workplace design

Hive by Connection

The changing way we work presents particular challenges for the development of commercial property as well as those who specify, design and occupy workplaces. As has been highlighted many times before, the days are gone when designing an office was largely determined by the number of people who occupy it and the main determinant of the space needed for them was the size of their desks based on their status and what they did. Now, those are just some of the characteristics that need to be taken into consideration when creating workplaces, alongside others such as how much meeting and shared office space is needed, whether certain people need a dedicated workstation at all, how to give them choices about where they work and with whom and how the building can adapt to changing teams and objectives.

(more…)

May 19, 2015

Experts more sceptical about Government’s BIM 2 deadline

by Mark Eltringham • Facilities management, News, Property, Technology

Construction firms are increasingly pessimistic about the UK Government’s ability to meet its deadline for the adoption of Level 2 Building Information Modelling (BIM) in centrally procured projects. According to the latest BIM survey by law firm Pinsent Masons, nearly three quarters (71.3 percent) of respondents believe the 2016 deadline is now ‘unachievable’ compared to around 64 percent last year. The survey found there remains a positive attitude towards the use of new technology in construction in spite of the fact that only half of respondents had even heard of the core Digital Built Britain strategy. Nearly all (94 percent) were aware of the BIM2 target and when asked about the implications of new technology for construction, 58 percent believed it would have a high impact, 29 percent thought it would be medium, while just 3 percent said low.

(more…)

May 17, 2015

The complete Work&Place archive is now available for you online

by Mark Eltringham • Architecture, Facilities management, Premium Content, Property, Technology, Work&Place, Workplace design

The complete Work&Place archive is now available for you online, with each issue in two formats. PDF and digital editions offer you a choice of how to access the thoughts of some of the world’s greatest practitioners and writers on workplaces, commercial property, urbanisation, technology and all of the key forces driving developments in the built environment. Each of the issues so far also offers you an international perspective which means not only do they offer an insight into the forces that shape workplace thinking worldwide, they also create a unique perspective on how national approaches are shaped by local forces related to legislation, the economy, environment, culture and business practice. Work&Place is now published quarterly with the next issue set for July 2015. It will continue to create an era defining body of work about the rapidly changing world of work and workplaces.

May 11, 2015

Does declining productivity spell the end for IT and property directors?

by John Blackwell • Comment, Facilities management, Property, Technology, Work&Place

When it comes to increasing organisational output, which in turn directly relates to real wage growth and higher living standards, the only determinant is productivity, measured in terms of output per hour worked. This is at the heart of all businesses and is essential for growth. The basic facts on productivity are clear. For over a decade, productivity has been painfully weak across all the major economies. The UK has performed particularly badly, with productivity having declined by 3.7 percent since 2008. A recent OECD report went as far as saying: “weak labour productivity since 2004 has been holding back real wages and well-being. The sustainability of economic expansion and further progress in living standards rest on boosting productivity growth, which is a key challenge for the coming years”.

(more…)

May 8, 2015

The death of the office has been overstated but it is changing, study confirms

by Mark Eltringham • News, Property, Workplace design

The implications for the property industry of more efficient space planning models and the uptake of flexible working are laid bare in a new report from planning and design consultancy Nathaniel, Lichfield and Partners (NLP). The headline figure from the report, Workspace Futures: The changing dynamics of office locations is that the office stock in England and Wales rose by 17 percent in the twelve years to 2012 while the numbers of office based staff increased by around 21 percent. The report includes details on how these trends affect 11 key locations including Manchester, Cambridge, Bristol, Newcastle and Reading and concludes that while ‘the death of the office has been largely overstated’, the market is undergoing structural changes that need to be addressed by developers and government.

(more…)

May 6, 2015

TfL to occupy first commercial property at International Quarter

by Sara Bean • Architecture, Company news, News, Property

Construction is to begin this summer on the first of a number of office buildings planned for the second stage of the International Quarter, a £2.1 billion mixed-use development in Stratford in East London. Transport for London (TfL) has signed a pre-let with Lend Lease and London and Continental Railways (LCR) to occupy all of the space in the 265,000 sq ft commercial property. An estimated 3,000 TfL workers will relocate to the International Quarter’s new offices and, once completed, an estimated 25,000 people will work at and visit the site each day. The developers claim they are in discussions with other tenants about moving to The International Quarter – which, at a total of four million square feet, will be one of the largest new commercial property developments in the capital.