Search Results for: cities

Office fit out and rent rises will hit occupiers worldwide this year

Office fit out and rent rises will hit occupiers worldwide this year

by • News, Property, Workplace design

commercial property and office fit outOccupiers around the world are facing a 10 percent increase in office fit out costs with rental rises also squeezing budgets for those in EMEA, according to a new report from Savills. The firm’s Prime Office Costs (SPOC) analysis for Q3 2022 suggests that fit-out costs in key office markets around the world have continued to climb with inflation, rising an average of 10%, with increased rents in many markets also contributing to higher total net effective costs for office occupiers. Overall, the markets which have seen the largest increases in net effective costs (including fit-out costs, rents and other costs) over the quarter are largely clustered in the EMEA region, including Dublin (+7%), London City (+5%), Dubai (+3%), and Berlin (+3%). 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 →

Transparency and collaboration key to real estate decarbonisation

Transparency and collaboration key to real estate decarbonisation

by • Environment, News, Property

An image of the Earth to represent decarbonisationThe Urban Land Institute (ULI) has warned of a ‘carbon bubble’ in the pricing of European real estate and urged the industry to work together to preserve values across the sector as it aims to meet the decarbonisation targets set in the Paris Agreement. To support a more collaborative approach, at the inaugural ULI C Change Summit, the institute has published its Transition Risk Assessment Consultation Guidelines as part of its C Change programme. These guidelines set out a standardised method for assessing the costs of decarbonising buildings and disclosing between owners, investors, potential buyers, and valuers the main transition risks and impact on values. More →

TOG and Fora complete merger to create new flexible workspace giant

TOG and Fora complete merger to create new flexible workspace giant

by • Company news, Property

flexible workspaceFollowing approval from the Competition and Markets Authority (CMA), TOG and Fora are proud to announce the completion of their merger, bringing together two highly complementary businesses with similar cultures and portfolios of high-quality, design-led workspaces. The merged business (the ‘Group’) will operate under a parent company called The Office Group with both the TOG and Fora brands retained until a full brand review is completed. The Group has plans to create the premier flexible workspace group in London and other key European cities and is well positioned to draw on the expertise and scale of both companies. More →

Digital twin in Birmingham will drive innovation and clean energy in the city

Digital twin in Birmingham will drive innovation and clean energy in the city

by • Cities, News, Technology

digital twin birminghamA digital twin that can comprehensively model and test pathways to clean energy and net zero emissions in East Birmingham is being planned in a partnership between the University of Birmingham, Birmingham City Council and Siemens. A feasibility study has been commissioned which demonstrates how a virtual representation of the energy and transport infrastructure within East Birmingham and Tyseley Environmental Enterprise District (TEED) will help to outline pathways for decarbonisation. More →

EDGE Valley set to transform Amsterdam business district

EDGE Valley set to transform Amsterdam business district

by • Company news, Property

EDGE ValleyReal estate developer EDGE has announced the official opening of Valley, the high-rise designed by MVRDV, which was recently declared the world’s best new skyscraper by the Emporis Awards. The firm claims that the addition to Amsterdam’s business district will mark a shift in thinking for urban development as a whole, transforming the Zuidas district into a vibrant and lively urban quarter. The fully leased 75.000-square-meter development, was officially opened in the presence of Reinier van Dantzig, Alderman for Housing and Urban Development, Municipality of Amsterdam, the Board of RJB Group of Companies, Winy Maas, Founding Partner at MVRDV, Coen van Oostrom, Founder & CEO of EDGE and all parties involved in the project. More →

The twenty-five technologies that can help climate action

The twenty-five technologies that can help climate action

by • Environment, News, Technology

climate actionA new report by the World Economic Forum’s Climate Trade Zero initiative calls for scaling up trade in 25 key technologies to support climate action and cut greenhouse gas emissions in half by 2030 to meet targets set out in the Paris Agreement on climate change. As many parts of the world face rising energy bills, reducing trade barriers can cut technology costs, as well as speed up availability, innovation, access and adoption. More →

Data centre design is entering a new era

Data centre design is entering a new era

by • Environment, Features, Technology

data centre designA new exhibition has shone a light on the often overlooked building typology of the data centre. The show, entitled Power House running to 28 February and curated by design journalist Clare Dowdy looks at the architecture of data centres, showcasing proposals and existing designs by architecture practices around the globe, from vast complexes in remote locations, to retrofitted buildings in urban centres. More →

Flex office provider Mindspace opens its first Düsseldorf location

Flex office provider Mindspace opens its first Düsseldorf location

by • Company news

flex office Mindspace DuesseldorfMindspace is opening its first location in Düsseldorf: the flex office provider is moving into 4,100 square meters in the centrally located mixed-use commercial complex “Stilwerk” on a long-term basis. The location “Mindspace Grünstraße” will include 600 workstations overlooking an attractive atrium and will include the numerous Mindspace benefits and amenities such as meeting rooms, lounges and kitchens. Mindspace Grünstraße is scheduled to open in February 2023. More →

Rising office fit-out costs begin to hit occupiers

Rising office fit-out costs begin to hit occupiers

by • News, Property

office fit-out costsAn analysis by Savills of Q2 2022 Prime Office Costs (SPOC) in global markets around the world suggests that inflation and supply chain issues are now feeding into office fit-out costs and keeping occupiers’ net effective costs high in many cities around the world. Over the past year office fit-out costs have risen an average of 6 percent across the SPOC cities that have so far reported rises says Savills, although proportionally they remain a small part of overall costs compared to rents. More →

Flex office space market in UK set to increase by half over next four years

Flex office space market in UK set to increase by half over next four years

by • Company news, Property

Instant Group flex officeHybrid working policies are driving demand in the flexible workspace market as companies are using coworking and serviced offices at record levels. In its annual UK Market Update Report, The Instant Group’s data claims that demand for flex office space across the country is up 22 percent in the last 12 months. Cities – such as Leeds and Manchester are leading the way in this increase although there are also signs of a recovery in central London. The size of the space being taken with flex operators has also increased by 44 percent since the pandemic as larger companies incorporate more flexible workspace in their real estate portfolios. More →

UK rated world number one as Europe sets the standard on real estate transparency

UK rated world number one as Europe sets the standard on real estate transparency

by • News, Property

transparent real estateEurope is leading the way on real estate transparency as a raft of new sustainability legislation raises industry standards, according to the latest Global Real Estate Transparency Index [registration] published by JLL, in partnership with LaSalle. Six of the 12 countries classed as ‘Highly Transparent’ in the report are in Europe with France, the Netherlands, Germany and Belgium among the most improved, joining Ireland and Sweden. More →

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