November 28, 2022

Lease cycle means West End office market will ‘reset’ by 2025

A BNP Paribas Real Estate analysis claims that London’s West End office market is on course to ‘reset’ by 2025 following a major leasing event cycle commencing in 2023, which will see a flurry of renewals, expiries and break clauses executed by both landlord and tenant, which will alter the market as we know it by the milestone year. According to the firm’s own West End data, 40 percent of the market will have a lease event in 2023 and 2024, with equally large volumes to follow in the two subsequent years. This freedom of tenant movement coupled with a restricted supply line, could drive rents on prime buildings from their current 2022 position of £140 sq ft to £200 sq ft in 2023 and £250 sq ft in 2024, and further into 2025 where the initial cycle ends. More →

November 24, 2022

Mental health flagged as major concern in HSE annual stats

by Neil Franklin • News, Wellbeing

The estimated number of workers in Great Britain suffering from work-related illness is 1.8 million with mental health issues related to stress, depression, and anxiety making up around half of all cases. That is the headline figure in the latest annual statistics report from the Health and Safety Executive (HSE). The figures from the workplace regulator show there were an estimated 914,000 cases of work-related stress, depression, or anxiety in 2021/22. An estimated 17 million working days were lost due to work-related stress, depression, or anxiety in 2021/22. This is over half of all working days lost due to work-related ill health.

November 17, 2022

The workplace circus continues to entertain, but back in the real world…

by Mark Eltringham • Comment, Flexible working, Technology, Wellbeing

The Great Workplace Circus headlines its 322nd show of the year with everybody’s favourite distraction, Elon Musk, being driven into the ring by his own shoddily built clown car, declaring he needs everybody at Twitter to be ‘extremely hardcore’ before sacking a few people from his space programme, then setting fire to the tent himself. The swarm of stories spawned by this extraordinary behaviour include this tired and predictable rant in the Telegraph about ‘lazy Brits’. Ironically, there’s nothing lazier than a columnist on this rag with some space to fill. More →

November 10, 2022

Summing up where the office now stands in the scheme of things

by Mark Eltringham • Comment, Flexible working

The argument about what it takes to encourage people to come into the office more often seems to have boiled down to an equation. It’s now common to hear somebody argue that the office has to be worth the commute it takes to get to it. So, if you want people to spend more time in the building, you need to do the maths. O must be greater than or equal to C More →

November 10, 2022

UK will be only developed country in world with lower employment in 2023 than pre-pandemic

by Neil Franklin • News, Workplace

A new report claims that the UK is undergoing one of the worst employment recoveries in the world, fuelled by a shrinking workforce and lack of access to effective employment support. Coming the week after the Bank of England forecast that unemployment could rise by half a million next year, and a week before the government announces its new spending plans, the case for reforms to how we help people and employers to fill jobs has never been stronger. More →

November 9, 2022

Workplace wellbeing remains a neglected issue for many firms

by Freddie Steele • News, Wellbeing

Two in five businesses have either cut or maintained workplace wellbeing budgets despite growing pressures on their staff, according to a new report. Faced with stressors such as the cost-of-living crisis, political uncertainty, and the ‘return to work’ post-Covid, just 16 percent of directors and risk practitioners said their wellbeing budgets had seen a significant increase. Around 40 percent of businesses had increased their budgets slightly to tackle issues such as mental, physical, financial health, organisational vision, values, culture and working standards, according to the poll by Deloitte, the International Institute of Risk and Safety Management (IIRSM) and the Institute of Directors (IoD). More →

November 8, 2022

Hybrid working driving demand for areas with easier commutes

by Neil Franklin • Flexible working, News, Property, Workplace design

A report from Unispace claims that employees’ new preference for hybrid working has created an immediate need for firms to re-think their real estate footprint. Today, with over 60 percent of office-based employees preferring to work remotely or in a more flexible way, rather than commute to city centres five days a week, employers are considering the greater use or addition of satellite offices to their portfolio. According to the study of 3,000 office workers across Europe, 79 percent of the workforce would be happier to return to the office if it was just five to 10 minutes away from their home, suggesting that satellite offices could be a solution to boost collaboration, socialisation, engagement and staff retention. More →

November 4, 2022

Responsible capitalism, and space as a service will shape real estate industry over next 20 years

by Neil Franklin • Environment, News, Property

Europe’s real estate leaders have set out a long-term vision for the industry. In this scenario the most successful firms have adopted ‘responsible capitalism,’ the user is the centre of attention, the cycle of demolition and development has been broken, mixed-use is the norm and multi-disciplinary and in-house teams deliver space as a service across a range of sectors. Emerging Trends in Real Estate Europe 2023, the twentieth annual survey of European real estate sector leaders’ expectations by the Urban Land Institute (ULI) and PwC, has looked beyond the year ahead at the trends shaping the industry over the next two decades. This report captures the views of over 900 sector leaders from across Europe. More →

October 20, 2022

Winter is coming: don’t be in the dark about blackouts

by Jo Sutherland • Environment, Features, Wellbeing

The National Grid has warned that the UK could face blackouts this winter. The worst-case scenario is that homes and businesses could lose power for pre-defined periods of up to three hours if gas power plants are not able to keep running due to the energy crisis that keeps on giving – or rather, taking. While the British government has dropped its energy rationing campaign, which once formed a crucial part of its plan to prepare for potential energy shortages and blackouts, countries across Europe are drawing up winter contingency plans, as are forward-thinking businesses. More →

October 19, 2022

Remote workers can find it hard to switch off. There’s now an app for that

by Anthony Thompson • Comment, Flexible working, Wellbeing

The last few years have seen our approach to work change dramatically. Technology has helped to unlock whole new ways of communicating and interacting, providing the flexibility for employees to work in a way that suits them best and creating a large number of remote workers for the first time. Even before the Covid-19 pandemic hit, this switch was on the cards. From an employer perspective, digital tools can allow for communication across the world, opening up access to a whole host of talent and wider consumer exposure. More →

October 18, 2022

Three tips for battling noise in the workplace

by Judith Hogan • Company news

Offices have been reopening and trying to entice employees back for a while now. And while many people have thrived while working from home, the return to office has been a welcome change, with staff missing in-person interactions with their clients and colleagues. However, as people have become accustomed to the relative quiet at home (kids excluded, of course), being thrust back into an office setting could take some getting used to. Research shows 56 percent of office workers are concerned that noise levels in the office will make them less productive. Between colleagues chatting over each other, desk-phones ringing, and impromptu virtual calls, there are a range of distractions staff must contend with. More →

October 17, 2022

Flexible working may help to entice large numbers of older people back into work

by Neil Franklin • Flexible working, News, Workplace

There are 712,000 additional people aged over 50 who are economically inactive compared with the same period three years ago (pre-covid pandemic), according to new analysis from Rest Less, a digital community and advocate group for people in their 50s, 60s and beyond. The organisation is now calling on firms to ensure their flexible working practices and in-house training schemes are suitable for all age groups and not just targeted at younger people. More →