November 28, 2018

Line up of speakers announced for Workplace Trends: Research Spring Summit

by Maggie Procopi • Events, Facilities management, News, Technology, Workplace design

The research-driven Workplace Trends Spring Summit returns for 2019. We have two sessions with invited guest speakers, our keynote and the after lunch debate. Following a recent Call for Abstracts and a blind peer review by our two moderators for the day, Nigel Oseland (Workplace Unlimited) and Mark Eltringham (Workplace Insight), the remaining sessions have now been filled with the highest ranked submissions.

November 23, 2018

Communities are the key factor to rapid growth of coworking

by Petr Boruta • Comment, Coworking, Property, Workplace design

London, New York, Los Angeles. These are top three cities in number of coworking centres globally. But as coworking map is evolving rapidly, you might as well read about Warsaw and Prague as new hotbeds for shared offices soon. And the surprising reason behind that is not flexibility, but the power of communities.

November 16, 2018

New report writes an obituary for the commercial office lease

by Mark Eltringham • News, Property

A new white paper from Magenta Associates (registration required) explores the fate of the traditional commercial office lease in the context of deep social, political and economic changes. Earlier this year, a group of senior corporate real estate (CRE) and facilities management professionals were invited to participate in a roundtable, led by author of The Elemental Workplace Neil Usher, to discuss whether time is up for the traditional commercial office lease and how viable alternatives might look in the future.

November 14, 2018

Proportion of flexible space within corporate portfolios to increase dramatically

by Sara Bean • Coworking, Facilities management, Flexible working, News, Property

Despite the proliferation of coworking and serviced office operators the majority of global corporates still occupy office space on a traditional lease model, with two thirds of companies in a survey by Knight Frank reporting that co-working, serviced and flexible office space comprise 5 percent or less of their current office space. Knight Frank’s Your Space report, which surveys senior executives at 120 global companies which collectively employ in excess of 3.5 million people worldwide and occupy an estimated 233 million sq ft of office space, found that just a small minority, less than 7 percent, said that flexible workspace exceeds a fifth of their total workspace. More →

November 13, 2018

A quarter of corporate global workforce could inhabit coworking space within five years

by Neil Franklin • Coworking, News, Property

Over the next five years, corporate real estate professionals are set to dramatically increase their use of coworking spaces to house employees, according to a survey conducted at the CoreNet Global Summit in Boston. According to the results, the percentage of employees at respondents’ companies utilising coworking spaces such as that offered by WeWork (pictured) has doubled over the past two years. The survey was conducted by Cushman & Wakefield and CoreNet Global during the course of the three-day summit and was completed by more than 220 corporate real estate executives and industry service providers.

November 7, 2018

Flexible office market to grow by a third each year for next five years

by Sara Bean • Facilities management, Flexible working, News, Property, Workplace design

The gig economy has helped lead to the doubling in size of the flexible office space sector since 2014 and it’s set to grow by up to 30 percent per year over the next five years claims new research published by JLL. Disruption or Distraction, a report delving into the growth of flexible office space across Europe explores the main drivers of the sector’s boom – including evolutionary changes in how, when and where people work, shifts in lifestyle, and rapid advancements in technology – and provides unique insights into the risks and rewards for both companies and real estate investors in Europe. More →

November 1, 2018

CBRE launches its offering for the flexible office sector

by Mark Eltringham • Company news, Property

CBRE, one of the world’s largest commercial property firms has launched a flexible office service that will compete with groups such as WeWork and IWG, who own the Regus brand, for corporate tenants. The company has appointed a former Zipcar executive, Andrew Kupiec, to head Hana, a new wholly owned subsidiary that will operate flexible offices aimed mainly at larger corporate clients. Unlike its competitors Hana will not lease office spaces from landlords; instead, it will partner with them through joint ventures.

November 1, 2018

South American firm to join global workplace design and fit-out network

by Neil Franklin • Company news, Workplace design

South American workplace designer and fit out specialist Contract Workplaces has become the latest organisation to join The United Workplace (TUW). With over 20-years’ experience working across ten countries from Mexico in central America right down to Southern Ocean, Contract Workplaces dramatically increases the reach of the TUW as a global business network of workplace design and fit-out firms. Beginning with its founding partners Fourfront Group in the UK and Amicus in Australia, TUW now has members in the Middle East, USA and South America.

November 1, 2018

Businesses may be blowing billions on unused office space

by Neil Franklin • News, Property

Big businesses in England and Wales are squandering £10 billion a year on under-used office space, a new study claims. The report by flexible workplace specialist Abintra draws together data from its work with more than 100 corporations worldwide. In London alone, it claims that the cost of office space being under-utilised is more than £4 billion annually with large firms in other regions collectively ‘squandering’ billions more. More →

October 26, 2018

Flexible workspace market in Asia-Pacific outpaces global markets

by Mark Eltringham • Flexible working, News, Property

The flexible workspace market in Asia-Pacific has been the fastest growing in the world over the past 12 months, according to a new study from Instant Offices. Supply of flex centres in the regions key cities has grown consistently above 15 percent with the only inhibitor to growth being a lack of available space for expansion. Supply of flex space increased by 16 percent over the last year with an estimated 8,600 centres now providing flexible office solutions across the APAC region. This influx of capital to the flex market, alongside increasing levels of demand from clients for flexible offices, has enabled rapid expansion in a short period of time. Of the 10 largest global markets for flexible office space, which incorporates co-working, executive suites, serviced offices and hybrid space, six now fall within Asia Pacific.

October 24, 2018

Commercial property uptake shows finance sector remains committed to London

by Neil Franklin • News, Property

Undeterred by political and economic headwinds in recent years, London remains a world leading financial centre and is by far the most active centre in Europe, according to the latest research from global real estate advisor CBRE. According to the report, 1.1 million people were employed in the UK financial services sector in 2017, of which 34 percent were in London. The industry contributed £119bn to the national economy (7% of UK GDP) – half of this was generated by London, where it accounted for 14 percent of the city’s economic output.

October 22, 2018

Nearly a quarter of London office take up is in financial sector, says CBRE

by Sara Bean • Facilities management, News, Property

Despite political and economic uncertainly and the aftermath of the global monetary crisis in 2008, London remains a leading global financial centre, with nearly a quarter (24 percent) of the capital’s office take-up attributed to banking and finance occupiers over the last ten years. London is by far the most active banking centre in Europe, according to the latest research from global real estate advisor CBRE. According to the report, 1.1 million people were employed in the UK financial services sector in 2017, of which 34 percent were in London. More →