Search Results for: office

London office market sees sharp decline in leasing activity

London office market sees sharp decline in leasing activity

The London office leasing market kicked off 2024 with a significant downturn, according to a new report from Devono.The London office leasing market kicked off 2024 with a significant downturn, according to a new report from Devono. After a strong end to 2023, leasing activity plummeted by 45 percent in the first quarter, with only 2.3 million sq ft of space leased. This falls short of the 5-year average for Q1 and marks the lowest total since late 2022. The report attributes the decline to a combination of economic factors, including a recent recession and rising inflation. Businesses are cautious about committing to new office space in this uncertain climate. More →

Rigid return to office mandates and fixed places of work are backfiring

Rigid return to office mandates and fixed places of work are backfiring

A new study by Great Place To Work claims that forcing employees back to the office with so-called return-to-office mandates can have negative consequencesA new study by Great Place To Work claims that obliging employees back to the office with so-called return-to-office mandates and restricting their choice of work location can have negative consequences for the business. The report based on a survey of 4,400 US workers, claims to reveal a strong correlation between work location flexibility and positive employee experiences. Compared to those without a choice, employees with control over their work environment are three times more likely to want to stay with their company, and significantly less likely to become disengaged – a trend that has been referred to as “quiet quitting.” They’re also more likely to put in extra effort, foster good relationships with their managers, and feel their workplace fosters a healthy psychological and emotional environment. More →

People are spending more time in the office, but no sign of a full return for many

People are spending more time in the office, but no sign of a full return for many

Many of the UK’s tech workers are embracing a structured return to spending more time in the office, according to a new report. According to the survey of 2,000 people from Techspace, there has been a ‘notable shift’ towards embracing structured office time, with Monday to Wednesday emerging as the top choices for in-office workdays. The report claims that this preference indicates a growing recognition of the benefits of face-to-face collaboration and a desire for a more traditional office environment. More →

As hybrid offices continue to evolve, report explores global occupancy planning

As hybrid offices continue to evolve, report explores global occupancy planning

how hybrid offices are actively shifting to accommodate a greater variety of work activities and how companies can look at occupancy planning and workplace design more holistically to reflect these changesFour years after the start of the pandemic, a new survey from JLL claims that hybrid working is now the most common workstyle globally, with 87 percent of organisations operating with a hybrid program today. JLL’s new 2024 Global Occupancy Planning Benchmarking Report claims to outline how hybrid offices are actively shifting to accommodate a greater variety of work activities and how companies can look at occupancy planning and workplace design more holistically to reflect these changes. By investing in new technologies, leveraging utilisation data and prioritizing individual and private seating, companies can ensure they are effectively reflecting the workplace’s changing needs. More →

Oxford rents poised to surge as office and lab space dwindles

Oxford rents poised to surge as office and lab space dwindles

Oxford’s thriving science and technology sector is facing a potential hurdle: a critical shortage of office and laboratory space. According to a new report by property consultancy Vail Williams, this scarcity could send rents spiralling upwards in the coming year. The report paints a concerning picture. The city, it suggests, has just about enough Grade A office and lab space to meet demand from life sciences and biotech companies for the next year. This limited supply is a stark contrast to the high demand, particularly considering the strong take-up figures from last year, which saw around 420,000 square feet of lab space leased. More →

Commuting costs continue to put strain on office worker finances

Commuting costs continue to put strain on office worker finances

UK employees are suffering higher cost-of-living expenses, especially due to transportation costs and tensions may rise as many companies enforce return-to-office policies. That is according to the latest study conducted by Capterra on 248 U.K. employees, the majority (69 percent) say their work-related costs have increased over the past 12 months, especially the price of groceries (95 percent), utilities (85 percent), eating out (78 percent), and petrol (63 percent). More →

Event explores how the government is setting new office standards for civil servants

Event explores how the government is setting new office standards for civil servants

At a recent event, the Government Property Agency brought together Civil Service leaders to exchange ideas, debate trends and inform how the GPA delivers its property services. The GPA is leading one of the country’s biggest and most ambitious workplace renewal programmes for its clients – delivering a smaller, better connected, better quality, and greener property estate to support the work of Civil Service teams and bring them closer to the communities they serve. More →

Office rent, costs and utilisation rates rise as firms focus on prime space

Office rent, costs and utilisation rates rise as firms focus on prime space

Prime office rents in major cities around the world have risen 1.1 percent in the past year (Q1 2023 to Q1 2024) while tenants’ ‘all-in’ net effective costs (rent plus fit-out costs) have risen 2.4 percent, according to Savills, as the structural trend towards seeking high quality premium office space continues into 2024. More →

New issue of IN Magazine + All you need to know about new flexible working rights + A warning from history about office design

New issue of IN Magazine + All you need to know about new flexible working rights + A warning from history about office design

Insight Weekly includes a round up of the best stories and commentary from the past seven days. It includes free premium content including features, podcasts, supplements and a link to the digital editions of IN Magazine and Works Magazine. In this week’s issue: it now costs more to commute by train than car in the UK; everything you need to know about flexible working rights and other new legislation; the new issue of IN Magazine; what remote work is doing to people’s pay and careers; and a thirty year old take about an office design that has lessons for today; our Events diary; and much more. You can subscribe to this and our magazines here.

A just in time lesson about office design

A just in time lesson about office design

The nascent years of new ways of working in the late 80s and early 90s coincided with a widely held but soon to be discarded belief that the Japanese had cracked management practices. So it was perhaps inevitable that the principles of a process called just in time manufacturing – most famously applied in the factories of Toyota – should migrate to new forms of office design and the rapidly developing practice of flexible working.

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What do people really want from an office design? Some peace and quiet

What do people really want from an office design? Some peace and quiet

poor quality office design is now thoroughly out of favour, as one in three people (33 percent) have an issue with a lack of privacy in the workplaceNew research from a survey of 2,000 UK office workers by BW: Workplace Experts suggests that poor quality office design is now thoroughly out of favour, as one in three people (33 percent) have an issue with a lack of privacy in the workplace. In fact, over a third (34 percent) ranked the most valuable spaces in the office as available meeting rooms, adequate amounts of breakout spaces, and social spaces, reflecting a desire to have more varied private and collaborative spaces. 27 percent said that they also value wellness spaces (e.g., exercise room, meditation room) and roughly one in 10 (11 percent) said access to outdoor space would influence them to go into the office more often. More →

Nine in ten employers of knowledge workers offer hybrid working. Nearly all would like them in the office more

Nine in ten employers of knowledge workers offer hybrid working. Nearly all would like them in the office more

91% of companies have employees hybrid working and nearly all have tried to encourage them to come to the office moreAround 91 percent of companies with a workforce that can work from home currently offer some form of hybrid working, according to a new poll of 500 HR professionals from Towergate Health & Protection. On average 39 percent of the workforce are hybrid working and 27 percent of employers have more than half their workforce hybrid working. The poll also suggests that 30 percent of employees work from home for at least three days a week. Employers stated that 31- 40-year-olds are the age group most likely to want to work from home, and over 60s and under 25s are least likely to want to work from home. More →