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CBRE launches its offering for the flexible office sector

CBRE launches its offering for the flexible office sector

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.

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Flexible workspace market in Asia-Pacific outpaces global markets

Flexible workspace market in Asia-Pacific outpaces global markets

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.

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How landlords can maintain their mojo and retain tenants

How landlords can maintain their mojo and retain tenants

Flexibility is rocking the foundations of the traditional commercial real estate world. It’s entering our workforces, our offices and the shock waves are extending to the relationship between landlord and tenant. This demand for increased flexibility from the world’s workforces is due to a convergence of social and economic factors.  JLL’s Top 10 Global Corporate Real Estate (CRE) Trends report predicts the emergence of a more dynamic workforce, demand for work environments that support creativity, cross-collaboration and innovation, and an increasing focus on employee wellbeing and performance will dominate global CRE strategies throughout 2018. This has major implications for both occupiers and landlords.

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BIFM announces winners of its annual awards

BIFM announces winners of its annual awards

Now in their 18th and final year before the Institute changes its name, the BIFM Awards set out to ‘celebrate the profession’s finest, honouring those whose outstanding work has driven innovation and achieved exceptional results in the organisations where they work, benchmarking excellence and inspiring others’. Thirteen winners were announced from 46 finalists at a ceremony held last night in London. The occasion also celebrated the work of a further nine finalists whose initiatives were highly commended by the judges.

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London office demand bolstered by tech media, financial and serviced sectors

London office demand bolstered by tech media, financial and serviced sectors

One Creechurch Place Serviced offices dominated office take-up in London’s West End in August, mainly due to three big transactions resulting in a 44 percent market share, but the Tech and media sector continues to be the main driver for space. According to figures from Savills just shy of a third (31 percent) of take-up for office space this year has been to Tech and media sector occupiers. Similarly, West End and Central London requirements almost mirror demand from this sector, with the Tech and media sector accounting for 35 percent of the 4.3m sq ft of active requirements.

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British Property Federation announces plans to modernise commercial property sector

British Property Federation announces plans to modernise commercial property sector

The British Property Federation (BPF) has launched a Technology and Innovation programme for the UK commercial property sector – to support the sector in its digital transformation – following the Government’s challenge to all sectors of the economy to improve productivity and deliver growth. The programme is launched with the publication of a new report produced by Future Cities Catapult, commissioned by the BPF, to understand the barriers to and opportunities for improving the productivity of the real estate sector through the application of technology.

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You should not expect the coworking bubble to burst anytime soon

You should not expect the coworking bubble to burst anytime soon

Coworking is not the norm yet, but it is headed that direction. In fact, a sign of its success is the fact that it has moved from being labelled a fad to asking if it is a bubble about to burst. Here’s a short answer: it is not going to go pop, fizzle out or run out of steam anytime soon. Why would it? Coworking is not something driven by real estate and developers. It reflects how our society is changing.

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A round up of some of the best recent workplace content from around the web

A round up of some of the best recent workplace content from around the web

All the workstyles we have ever loved

Open plan v private offices déjà vu

Britain’s productivity crisis in eight charts

Investors discount office buildings with high WeWork occupancies

Perceptions of pay fairness

Agile humans, and therefore organisations. Just a dream?

Excessive hours and intense work is (sic) bad for your career

Challenging some of the most commonly held misconceptions about coworking

Challenging some of the most commonly held misconceptions about coworking

There are a number of misconceptions that dominate much of the writing around flexible workspace, despite all the press coverage and discussion around coworking over the last two years. Yet even in this comparatively short space of time, a number of misconceptions about the market have managed to take hold. Some of them are intuitive but wrong to some or other degree. Some are distorted by coverage. Some arise for other reasons. And we know this thanks to the extensive data gathered in Instant’s latest market report. So here in this piece, I am going to try to shatter some of the myths around flex workspace and coworking in particular.

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Small flexible workspace operators are biggest winners as trend for coworking continues to grow

Small flexible workspace operators are biggest winners as trend for coworking continues to grow

While the likes of WeWork have dominated the headlines over the past year, the number of smaller, more niche coworking operators, has grown significantly and now makes up 83 percent of the total flexible workspace market. The latest research from The Instant Group, which claims to be the world’s largest flexible workspace provider, suggests that the number of centres in the market run by smaller independent operators has grown to 83 percent of the London market. The increase of 20+ desk enquiries is evidence of growing demand as larger firms have started exploring flexible options rather than taking more conventional leases.

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Coworking is breaking away from its cultural and geographical stereotypes

Coworking is breaking away from its cultural and geographical stereotypes

There is a persistent image of a coworking space as a sort of glorified serviced office for tech and creative startups who can’t afford the eye-watering rents in the areas they need to be. This is usually in the technology hothouses of the world’s major cities where they can work alongside the corporate giants and fellow innovators that thrive there. The reason such perceptions exist is because they are largely true. It’s no coincidence that coworking spaces have thrived up till now in the world’s most expensive property markets – in London, Hong Kong and New York, serving exactly the sorts of start-ups and freelancers who rely on proximity to their potential clients.

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Over half of employees say remote working and coworking increase their productivity

Over half of employees say remote working and coworking increase their productivity

coworkingMore than half of US based employees (54 percent) with the chance to work remotely say they are most productive when they work outside a traditional office environment, such as at home, in a coffee shop, or in a coworking space, according to a new survey by research firm Clutch. Over two-thirds (68 percent) of workers surveyed work in a traditional office. However, higher productivity isn’t the only reason employees prefer other workspace options. Over a quarter (26 percent) of employees who have some degree of flexibility say a better work-life balance is the top benefit of working outside the office. Other benefits include flexible work hours (21 percent) and fewer distractions (18 percent).

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