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

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

by • Environment, News, Property

A flexible office space from Instant Offices, a pioneer of space as a serviceEurope’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 →

Younger workers turn to friends rather than colleagues for career advice

Younger workers turn to friends rather than colleagues for career advice

by • News, Workplace

A painting of two people sharing a drink and some career adviceA new poll from Right Management, claims that British office workers aged 18-24 years are much more likely to turn to friends in similar jobs for career advice, than to seek guidance from their immediate manager or any other colleagues (older or younger) in their team. After two years of remote and hybrid working impacting on office life, younger workers who need career guidance are more likely (38.1 percent) to turn to their friends in similar jobs for advice, whereas all other working age groups (those aged 25+) prioritise getting their career advice directly from their immediate manager. More →

Commercial property sector should embrace circular economy, say BCO

Commercial property sector should embrace circular economy, say BCO

by • Environment, News, Property

A man relaxing in a green office space to illustrate the circular economy in the commercial property sectorA new report from the British Council for Offices (BCO) is urging the commercial property industry to ‘retain, extend life, reduce impact’ to futureproof offices. The report sets out to provide circular economy guidance to the office sector in relation to new-build, refurbishment and fit out. The Circular Economy in Offices report [BCO members only] claims to set out how offices can be designed and constructed in order to eliminate waste and pollution, circulate products and materials and regenerate nature. More →

World Green Building Council launches guide to climate change resilience

World Green Building Council launches guide to climate change resilience

by • Environment, News

climate changeThe World Green Building Council (WorldGBC) has launched a new industry guide on ‘Climate Change Resilience in the Built Environment’, collating effective and practical steps that can be taken on a building, community and city scale in order to adapt and build resilience to the changing climate. Under the inevitable impacts of climate change, which are affecting at least 85 percent of the world’s population, bringing acute hazards such as droughts, rising sea levels, heat waves and floods increasing frequency and severity, resilience action is essential to build community capacity to survive and thrive in our built environments. More →

Office utilisation in US returning to pre-pandemic levels, but structural changes remain

Office utilisation in US returning to pre-pandemic levels, but structural changes remain

by • News, Property

office utilisation returning to normal?A new report from JLL claims that utilisation rates of US offices are returning to something closer to those of the pre-pandemic world, although hybrid working remains a far more widespread working practice than before. In addition, the focus of the market is shifting away from major city centres towards smaller, regional towns and cities. The US Office Outlook Report [registration] also suggests that higher quality office space is essential as lower grade offices are more likely to remain abandoned. More →

Younger workers tend to rely on the office more

Younger workers tend to rely on the office more

by • Flexible working, News, Wellbeing

Younger workers talk among themselves in an officeA new poll claims that people belonging to “Gen Z” rely heavily on the professional and social structure of the office, with 78 percent finding it easier to bond with colleagues in the workplace and 81 percent feeling disconnected from their peers when working from home. The survey of 3,000 people, from Unispace, claims that the majority (79 percent) of younger workers felt more active when working in the office, while among older workers this figure is 66 percent. More →

Reliance on hero leaders holds back progress on the environment

Reliance on hero leaders holds back progress on the environment

by • Environment, News

Reliance on a wise ‘guru’ leader or ‘hero CEO’ endangers progress in tackling the environmental crisis by shifting responsibility, according to a new report from CEMS. Instead, all leaders need to adopt a corporate culture of ‘collective’ responsibility, empowering all employees to make decisions with a generational outlook if real change is to take place.  The new report – Leading for the Future of Our Planet – builds on findings from a CEMS survey of 4,206 professionals across 75 countries revealing that the environment is the single greatest concern facing modern-day business leaders, overtaking technological advancement. More →

Corporate change forces managers to juggle different views of fairness

Corporate change forces managers to juggle different views of fairness

by • Business, News

corporate changeMiddle managers get caught between different stakeholders’ perceptions of fair treatment in reaction to corporate change programmes, claims new research from Aalto University School of Business and published in the Journal of Business Ethics. According to Associate Professor Marjo-Riitta Diehl, from the Department of Management Studies, and her co-authors, these managers can often experience uncertainty, anxiety, and reluctance to take action as a result. The research was based on two rounds of interviews with managers in the German branch of an international company shortly before and after restructuring changes. More →

Storytelling offers an effective tool to HR analytics users, new research suggests

Storytelling offers an effective tool to HR analytics users, new research suggests

by • News, Workplace

storytelling and hr analytics‘Storytelling’ as a practice is a frequently-used and effective tool for HR analytics professionals, new research from Trinity Business School, UCD and Maynooth University has revealed. According to the research, undertaken by Na Fu, an associate professor of human resource management at Trinity Business School, and Anne Keegan, Full Professor of Human Resource Management at UCD and Steven McCartney, Assistant Professor, Management & Organisational Behaviour at Maynooth University, HR analysts regularly engage in storytelling to aid them in doing their jobs. More →

Workspace Design Show sets out plans for 2023 event

Workspace Design Show sets out plans for 2023 event

by • Company news, Workplace design

Workspace Design ShowAfter a hugely successful debut edition, Workspace Design Show returns to London’s Business Design Centre on 27-28 February and will once again be the venue where creatives from the UK’s workplace industry gather to discover the latest design innovations in work space design. With the theme of this year’s show being ‘Destination Workplace’ there will be over 3,000 workplace professionals looking to source the latest furniture, lighting, acoustics, surfaces, storage, materials, tech and biophilic products and solutions to transform their office interiors.  More →

Hybrid work may be ‘here to stay’, but the office remains essential for many businesses

Hybrid work may be ‘here to stay’, but the office remains essential for many businesses

by • Flexible working, News, Property, Workplace design

hybrid workingAs businesses continue to evolve their workplaces to best meet the needs of their employees, JLL’s global Future of Work Survey claims that 72 percent of decision makers believe the office is critical to doing business. The research shows that over the next several years companies anticipate hybrid work to become the dominant model and will be looking across their real estate portfolios to re-think their office spaces, invest in new technology, including virtual offices, and prioritise sustainability. More →

Working families are only three weeks from breadline, claims report

Working families are only three weeks from breadline, claims report

by • News, Wellbeing

working familiesThe latest Deadline to Breadline report from Legal & General claims that the financial resilience of working families in the UK has shrunk by a fifth since 2020, down from from 24 days to 19 days. According to the report, people overestimate by nearly six weeks how long they could fund basic living costs such as housing costs, loans/ credit card repayments, utility bills and food if they lost their income.  Households have average savings of £2,431 and debts of £610. Accounting for average daily expenses of £93, this would see the average household run out of money in less than three weeks if they were to lose their income. More →

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