November 23, 2021
At the end of April, New York magazine’s cover feature was headed ‘Remember the Office?’ The article reminisced about a world of cubicles and water-coolers, coffee points and staff parties. Its tone was elegiac, implying that it wasn’t just the enforced distance of 13 months of COVID-19 restrictions that lent enchantment to communal workspace, but the possibility that offices had gone for good.? (more…)
November 15, 2021
The brains behind Upmo are two of the equity partners at Devono – the UK’s leading commercial occupier-only advisory practice. Described by Forbes in 2015 as disrupters of the status-quo, Luke Philpott and Robert Leigh have once again come together, with the addition of technologist Alastair Bishop, to found Upmo. (more…)
November 11, 2021
Holbein Gardens, located at 7 Holbein Place in the heart of London’s Belgravia, will lead the way for future schemes on the road to achieving net zero carbon. Independent multidisciplinary engineering consultancy HDR has been commissioned by property business Grosvenor Britain & Ireland to provide engineering services on Holbein Gardens, a new office scheme located in the heart of Belgravia. (more…)
November 9, 2021
Research from Gerald Eve has highlighted a strong resurgence in activity in the London office market in Q3. Occupier take-up increased 30 percent to 2.8 million sq ft, driven by large commitments by major London occupiers. It was the highest level of occupier activity since before the pandemic and only 7 percent below the five-year quarterly average. (more…)
November 9, 2021
Businesses whose personnel are resistant to resuming full-time office working should address the issue of workplace air quality. A survey of UK office workers claims that 80 percent would feel more positive about a return to a five-day office week if action was taken to measure and improve the quality of air in their workplace. (more…)
November 1, 2021
New research from Nespresso Professional claims that the office space is still highly valued by employees, with office workers naming seeing their colleagues (39 percent) as the thing they like most about being in the office. While a proper desk setup (31 percent) comes in second, office camaraderie (30 percent) took the third spot, showing the importance of the office environment for team building and relationships. (more…)
October 29, 2021
Pressing the ‘reset’ button is never easy. But I’m a firm believer that, once we do, we become much less averse than we perhaps expected to the change it inevitably brings. This is particularly true of the past eighteen months. From all of the sadness and hardship endured, we are beginning to emerge into a new, changed way of living. One that is both familiar and altogether different. The dichotomy is particularly evident in our workplaces. For many sections of the economy, the office was the ecosystem of our daily working lives. Initial questions of whether the office would survive quickly fell by the wayside, and a more interesting, nuanced, debate of what we want the office to be began. (more…)
October 21, 2021
Millions of British workers face uncertainty as a snapshot of the nation’s work practices claims that one in five employees are unsure whether they’ll be expected to work remotely, onsite, or a mix of both in the future. Without having a clear decision from their employer, some employees are unsure about their organisations’ return-to-office plans. (more…)
October 6, 2021
Future Forum, a consortium launched by Slack to help companies reimagine work in the new digital-first workplace, has released the latest findings from the Future Forum Pulse, a global study that claims a huge divide between executives and non-executives on returning to the office: “the Great Executive-Employee Disconnect.” (more…)
September 16, 2021
September 14, 2021
New ways of working will boost UK productivity and increase employment levels in cities outside of London, according to a new report from KPMG. And as businesses in some sectors prepare for employees to spend two to three days a week working from home on a permanent basis, demand for office space could see capacity potentially increase by as much as 40 percent, according to a new KPMG report, New working patterns and the transformation of UK business landscape.
The increased availability of office space in major business hubs is expected to attract businesses from smaller areas to fill up the vacant space, with cities like Manchester, Bristol, Glasgow, Leeds and Birmingham set to see employment rise by 5-10 percent as a result. This will have a significant knock on effect for demand for office space.
Areas in central London are also expected to benefit, as well as smaller towns and cities with a large proportion of the workforce working partially from home. Meanwhile, less dense business areas could see a decline in employment and may need to be transformed into more residential, leisure, retail and other uses.
As the business landscape consolidates, KPMG analysis also claims the change could boost overall UK labour productivity by 0.5 percent, thanks to businesses being able to tap into a larger pool of workers, suppliers, and clients.
Yael Selfin, Chief Economist at KPMG UK, commented on the report: “As we emerge from the pandemic, businesses need to adapt to the new environment they will be facing. Some may choose to relocate to larger business hubs to boost profitability, while others in less central areas could see their local customer base profile change. While the overall impact on the UK economy is expected to be positive, the changes ahead could prove challenging for those businesses already saddled by the pandemic.”
The report examines how local high streets in residential towns and neighbourhoods are expected to reap the benefits of greater homeworking through increased demand by residents during the week. But the impact on high streets across the UK is unlikely to be uniform. Some places may be hit relatively hard by the loss of office workers due to their proximity to a larger business hub, which may be compounded by the loss of commuter footfall among remaining employees due to the prevalence of working from home.
Yael Selfin added: “As people spend more time working from home and less time in the office, we could see a revival of the local high street.
“They will need to transform into places of purpose to meet demand for community-based services, hospitality, culture, as well as retail. High street offering in smaller towns and cities may need to become more focused on residents’ needs and less focused on businesses and commuters.
“This transformation will require local government, residents and businesses to work together to map their future shape and make concrete plans to support and enable the necessary changes to make the most of the new post-Covid business reality.”
Chris Hearld, Head of Regions at KPMG UK, commented: “Over time, a shift in business location could support the rise of several major business hubs across the UK. An increase in the concentration of businesses and workers has the potential to make those businesses located there more productive and enable these areas to serve as the engines of economic growth. This should also support the Government’s Levelling Up agenda. Cities like Manchester, Leeds, Birmingham, and Newcastle stand to benefit from such a consolidation of business locations. For this to happen they will need government to work closely with local leaders to ensure the transition is smooth and any barriers to growth are quickly ironed out.”
Completions in central London are expected to hit a three-year high, with 5.5m sq ft scheduled for delivery by the end of this year, according to
November 1, 2021
The modern workplace is defined as much by digital space as the physical office
by Wilco Wijnbergen • Comment, Property, Technology