Search Results for: development

November 11, 2015

Record construction of London office space, but supply shortfall remains ⁰

by Sara Bean • Facilities management, News, Property

Demand for office space in London continues to overwhelm its availability and in spite of record levels of construction, according to two new reports. The latest CBRE Monthly Index claims that rents in Central London’s booming office market grew by 10.3 percent in the year to October 2015, the first time annual growth has hit double digits since April 2008. Despite rapidly rising rents, take-up of offices in Central London continues to outpace the 10 year average. The capital saw 1.1 percent growth in October, with 3.6m sq ft of space snapped up by businesses in the third quarter of 2015, with a further 3.8m sq ft currently under offer and expected to complete before the end of the year. Change could be on the way however as the latest biannnual London crane survey from Deloitte claims that the amount of office space being built in central London has risen by a fifth in six months, the highest level for seven years.

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November 9, 2015

Last chance to book next week’s Worktech London at a discounted rate ⁰

by Mark Eltringham • Events, Facilities management, Flexible working, News, Technology, Workplace design

In just over a week’s time, Worktech, the international conference series on the future of work, workplace and technology will return to Level 39 – Europe’s largest technology accelerator space. The event will bring together over 350 of the biggest and brightest names to debate, discuss and divulge the latest thinking on the future of work. Companies booked to attend include ANZ, AON, Allen & Overy, Arup, Barclays, Cabinet Office, Catlin, Central Working, Cisco, Deloitte, Deutsche Bank, Diageo, Discovery, Ebay, EE, Ernst & Young, GlaxoSmithKline, Goldman Sachs, IKEA, ITV, International Group for Environment and Development, Kings College London, Lenovo, McKinsey, Microsoft, National Grid, Royal Bank of Scotland, Schroders, Sonos, UBS, Vasakronan and Vodafone. Worktech15 takes place on 17th and 18th November and Insight readers can enjoy discounted tickets.

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November 6, 2015

Shortage of German office space as demand in Europe reaches record high ⁰

by Sara Bean • Facilities management, News, Property

The demand for office space in Europe grew over the third quarter of 2015 with total take up of over 3 million sq metres, on a par with the previous third quarter peak seen in 2007, according to new figures from property consultancy JLL. Take-up over the third quarter of 2015 is the highest on record – up 29 percent year-on-year and full year volumes are forecast to reach 11.5 million square metres, an increase of 8 percent on 2014. Across the continent, demand for office space is being driven by multiple markets recovering, albeit at varying speeds. Germany demonstrated some of the strongest results in Europe. Four of the five largest markets improved on Q3 2014 and Berlin, Hamburg, Dusseldorf, Frankfurt and Munich reported a combined take-up of 775,000 sq m, as the strong employment market in Germany pushes up demand for office space even further.

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November 5, 2015

Data transforms the roles of offices and the people who manage them

by Philip Ross • Comment, Facilities management, Technology, Workplace

The modern workplace creates the physical,technological and cultural point of intersection between a number of abstract or movable facets of the business, including people, technology, culture and creativity. That has always been true to a large extent but with the growing complexity of exactly how, when and where we work, this role of the office as the epicentre of it all has been thrown into sharp relief. With that has come a greater understanding of the intersections that exist between disciplines such as IT, FM and HR. In some areas, the roles already appear indistinguishable and I believe this will only become more apparent. The main driver of that growing convergence of roles will be the availability of data to make informed decisions about interrelated aspects of organisational culture, work practices, office design and management and the development and motivation of individuals.

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November 3, 2015

Less than one year’s supply of office space now available in Central London ⁰

by Sara Bean • Facilities management, News, Property

Office occupiers are being forced to search further afield from traditional London commercial property centres as the vacancy rate of office space in Central London falls to a 15 year low. According to research from BNP Paribas Real Estate, at just 4.68 percent of total stock, the level of supply during the third quarter of the year was just 10.29m sq ft; equivalent to less than one years’ supply at current levels. Take-up to the end of September reached 10.78m sq ft, 18 percent above the long term trend, whilst the investment volume of £11.91bn is 28 percent ahead of the average. The West End’s office market was boosted by several large transactions involving Media Tech firms and take-up in Q3 2015 reached 1m sq ft, making the third quarter the busiest so far in 2015. The City is still attracting media tech companies, but there’s been a resurgence in traditional City occupiers from the professional sector.

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November 1, 2015

UK productivity undermined by rule-heavy workplaces, claims report ⁰

by Mark Eltringham • Events, News, Workplace

Employers can unleash the productivity of their workers by allowing them more scope to use their initiative, create more stimulating work and reduce the burden of unnecessary rules and procedures, according to a new report which considers productivity from the employees’ perspective. The latest Employee Outlook Survey from the Chartered Institute of Personnel and Development (CIPD), surveyed over 2,000 UK employees, asking what enabled them to be most productive. The most common responses were interesting work (40 percent), being able to use their own initiative (39 percent) and being given tasks which complement their skills (25 percent). On the other hand, the most common hurdles to employee productivity were unnecessary rules and procedures (28 percent), not having the resources available to do their jobs (28 percent) and office politics (24 percent).

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October 28, 2015

UK firms turn to flexible working and wellbeing to bridge productivity gap ⁰

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

It’s not just larger organisations and governments that are having to grapple with the UK’s persistent ‘productivity puzzle’ but also smaller businesses who are increasingly turning to flexible working and other people centric initiatives to address the problem. That is one of the main findings of a new report from trade association Group Risk Development (GRiD). According to their survey, nearly a quarter of employers (23 percent) believe productivity is an issue facing their business. According to the office for National Statistics (ONS) this is a common problem across the entire UK economy as output per hour is stubbornly around 20 percent below the average for all G7 economies. This is the widest gap ever recorded and, according to GRiD is driving employers to seek ways of addressing their own shortfall with flexible working and wellbeing initiatives as well as investment in new equipment and technology.

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October 15, 2015

SMEs appreciate flexibility and freedom of running their own business ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

The latest ONS employment figures indicate that the boom in self-employment appears to have ended, as the number of self-employed people has fallen for the first time since before the recession. Yet those who’ve successfully started their own businesses have something to celebrate. According to a report from AXA PPP, SME owners appreciate the greater flexibility (58 percent) and the greater freedom (37 percent) that owning a business gives them. Seventy per cent of owners also said they are proud, inspired, content or fortunate to own their own business, highlighting the positive effects that having control over your working life can bring. More than a third (35 percent) admitted they could delegate more to improve the way they manage their business – with nearly half (47 percent) of business owners reporting that the pressure of work spills over into their home life.

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October 14, 2015

Workspace shortage as office to residential rights made permanent ⁰

by Sara Bean • Architecture, News, Property

The British Council for Offices (BCO) has warned that the UK needs to avoid a free-for-all following the government’s announcement it is to make permanent the relaxation of planning rules on the conversion of office to residential properties. According to recent BCO research, changes to the Permitted Development Right for office to residential conversion led to over 6 million sq ft of office space in England being converted to residential use in 2014. Some of the most concentrated commercial property markets have been significantly affected by this. In London, office to residential conversions are now occurring at a faster pace than ever before with 2.7 million sq feet of office space lost to residential conversions since May 2013. London Assembly Member Nicky Gavron questioned the decision to extend the scheme saying that it will reduce the availability of affordable workspace required by start-ups and small businesses in the capital.

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October 13, 2015

Third of employers admit rise in numbers of staff coming to work when ill ⁰

by Sara Bean • News, Wellbeing, Workplace

Nearly a third of employers have reported an increase in people coming to work while they are ill, according to the annual CIPD / Simplyhealth Absence Management Survey. The survey of nearly 600 employers found that 31 percent have seen an increase in ‘presenteeism’ in the last year. It also claims that any increase is likely to be associated with a culture in which working long hours is seen to be the norm and where operational demands take precedence over wellbeing. Employers that have noticed an increase in presenteeism are nearly twice as likely as those that haven’t to report an increase in stress-related absence, and more than twice as likely to report an increase in mental health problems amongst its staff. However, despite this, nearly three-fifths (56 percent) of organisations that have reported an increase in presenteeism haven’t taken any steps in order to discourage it.

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October 12, 2015

How workplace design is more closely reflecting how we actually work ⁰

by Adrian Campbell • Comment, Flexible working, Workplace design

In years gone by, a ‘one size fits all’ approach to office design might have been the norm, but as the decades have progressed, so too have the options available to businesses designing ‘homes from home’ for their office-based workforces. As new interpretations of the office environment proliferated, so the open plan model came to into being and eventually evolved into the default office design model. This initially brought greater variety than ever before but, ultimately, a one size fits all mentality in workplace design ultimately prevailed – every worker was expected to work in certain ways, utilising the equipment and furniture supplied and designed for them. From inception through to occupancy, the average new office involves a six-year period of design and construction involving varying teams of people discussing the best and most attractive solution for the actual end user.

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October 9, 2015

Civic centre named best workplace in the UK by the BCO ⁰

by Sara Bean • Architecture, Facilities management, News, Public Sector, Workplace design

Keynsham Civic Centre & One Stop Shop in Keynsham, near Bath, has been named the Best of the Best workplace in the country at the British Council for Offices’ (BCO) annual Awards. The office was recognised as the Best Corporate Workplace in the UK, topping a list of six other award winners recognised for excellence in office space. The building provides an environmentally sustainable, low maintenance and flexible workspace, whilst acting as a catalyst for the regeneration of the town. As a workplace for the local council, the judges praised the building’s impressive use of natural light to create an ‘uplifting workspace’ as well as the design of the office floors which lend themselves toward flexibility and encourage collaborative working. The team behind the building was also commended for conducting a thorough and impressive stakeholder engagement process, from the inception of the project through to completion.

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