Search Results for: office

TMT and finance sectors drive demand for London office construction

TMT and finance sectors drive demand for London office construction

London-cranes-3The total level of office construction in central London has increased over the past six months, fuelled by the greatest volume of new space to start since 2011, the latest Deloitte London Office Crane Survey has revealed. With a rise of 24 per cent over the past six months, a new wave of office construction in central London is under way across almost all submarkets. This comes at a time when the level of available office space is at its lowest for seven years, with current market conditions still suggesting a short-term supply shortage. However, the ramping up of new developments over the last six months has come too late to significantly alter the delivery of new space in 2015. TMT and the financial sector are driving up demand for more office space.

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Shared office space is redefining commercial property and the workplace

Shared office space is redefining commercial property and the workplace

Hive by Connection

Hive by Connection

The changing way we work presents particular challenges for the development of commercial property as well as those who specify, design and occupy workplaces. As has been highlighted many times before, the days are gone when designing an office was largely determined by the number of people who occupy it and the main determinant of the space needed for them was the size of their desks based on their status and what they did. Now, those are just some of the characteristics that need to be taken into consideration when creating workplaces, alongside others such as how much meeting and shared office space is needed, whether certain people need a dedicated workstation at all, how to give them choices about where they work and with whom and how the building can adapt to changing teams and objectives.

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Lateness and constant whining are most annoying office habits

Lateness and constant whining are most annoying office habits

late for workSomeone who is perpetually late is the most annoying workplace colleague according to a new survey of UK office workers, although only a third are prepared to do anything about it. However, just over 40 percent of respondents said that this kind of behaviour made them consider leaving their jobs with a striking five percent having actually followed through with such a decision. Colleagues who whine all the time were found to be the second most annoying people, the study into annoying office habits by Viking reveals. Misspent time was a key theme amongst the top five habits on the list of twenty, with excessive smoking breaks and deliberate procrastination taking top positions. Contrary to popular belief, jargon isn’t the most annoying practice to plague our offices. In fact, both men and women rated jargon in the bottom three.

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The death of the office has been overstated but it is changing, study confirms

The death of the office has been overstated but it is changing, study confirms

Death of the officeThe implications for the property industry of more efficient space planning models and the uptake of flexible working are laid bare in a new report from planning and design consultancy Nathaniel, Lichfield and Partners (NLP). The headline figure from the report, Workspace Futures: The changing dynamics of office locations is that the office stock in England and Wales rose by 17 percent in the twelve years to 2012 while the numbers of office based staff increased by around 21 percent. The report includes details on how these trends affect 11 key locations including Manchester, Cambridge, Bristol, Newcastle and Reading and concludes that while ‘the death of the office has been largely overstated’, the market is undergoing structural changes that need to be addressed by developers and government.

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First BREEAM standard for refurbishment and fit-out awarded to Bristol office

First BREEAM standard for refurbishment and fit-out awarded to Bristol office 0

First ever office building to meet new BREEAM Refurbishment and fit-out standardAn office at Bristol’s Aztec West Business Park has become the first building to be certificated under the new BREEAM UK Refurbishment and Fit-Out standard. Legal & General Property’s building at 740 Waterside Drive has been awarded design stage ‘Very Good’ ratings against Parts 2 and 3 of the scheme for the refurbishment and fit-out of its core and local services. The £5 million, 51,000 square feet project took 30 weeks to complete and includes an extensive range of refurbishments and improvements. These include fully replacing the mechanical and electrical systems, installing photovoltaic panels on the roof, enhancing the airtightness of the building and improving its EPC rating to achieve an EPC A. BREEAM UK Refurbishment & Fit-Out 2014 has been developed to assess a wide range of project types.

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Business clusters fuel growth in office occupier demand in smaller cities

Business clusters fuel growth in office occupier demand in smaller cities 0

WarringtonSmaller cities, including Brighton, Solihull, Reading and Warrington [pictured], look set to see a growth in occupier demand for office rentals over the few years, a new report has revealed. JLL’s ‘Where Next in the UK?’ report analysed the economic and office market performance of 37 smaller towns and cities giving an insight in to which locations will offer investors the biggest opportunity over the next five years. It shows some smaller cities are found to have a stronger outlook than the ‘Big 6’, (Bristol, Birmingham, Manchester, Leeds, Glasgow and Edinburgh). The success of these smaller cities, says the report, will be closely associated with their ability to develop and grow clusters of businesses, for instance a growing nuclear research and technology cluster in Warrington – along with strong university links and the provision of integrated transport and infrastructure.

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Proposal to fund development of Grade A office space in Northern Ireland

Proposal to fund development of Grade A office space in Northern Ireland 0

Scheme launched to look at funding office development in NIPlans to develop a scheme that ensures Northern Ireland has enough Grade A office space to meet its needs has been launched by business development agency Invest NI. It follows the publication of a report that found while demand for Grade A offices has remained relatively steady over the past three years, with no new development taking place, both the overall supply and Grade A supply has fallen steadily. Of the total supply, only around 320,000 sq ft is classified as Grade A, 250,000 sq ft of which is located in Belfast City Centre. Nearly a quarter (21%) is contained within units that are smaller than 10,000 sq ft, a further 36 percent within units sized between 10-20,000 sq ft and there are only three office buildings across Northern Ireland that could offer space exceeding 20,000 sq ft.

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Workplace Week to increase office tours as part of plan to double money raised

Workplace Week to increase office tours as part of plan to double money raised 0

PWC-Embankment-PlacePlans have been unveiled to double the amount of money raised for BBC Children in Need at this year’s Workplace Week, the week-long showcase of workplace innovation. Last year’s event, which saw more than 100 people attend the workplace tours, day-long convention and fringe events, raised over £13,000. Andrew Mawson, MD of workplace consultancy AWA, and the brains behind the venture, which is now in its sixth year, has set a target of £25,000. To achieve this aim, the number of workplace tours will be doubled, which this year shall include PWC, [pictured] Mintel and the Guardian. Capacity will be increased at the convention, with a small number of paid-for exhibitors and programme advertising allowed. Organisations from the built environment will be encouraged to arrange relevant Fringe events ­– breakfast or lunchtime seminars, or evening sessions to take place during the week – for which they’ll pay a small donation.

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UK office market grows as employers enhance quality of workspace

UK office market grows as employers enhance quality of workspace 0

wellnessThe level of activity in the UK office market has grown as employers strive to create environments designed to enhance staff wellbeing. According to the 2015 edition of the annual Office Report from property consultancy Lambert Smith Hampton, occupiers have expanded headcount and upgraded their accommodation, helping to propel take-up in markets up and down the country. Edinburgh reported record activity; Oxford, Cardiff, Bristol and Cardiff all posted take-up well ahead of their 10-year averages and Manchester enjoyed its best year since 2001. However, over 11 m sq ft of office space has been earmarked for alternative use since the relaxation of planning rules. This equates to an area the size of all the office floor space in Reading being converted into new uses such as apartments and hotels, since the introduction of Permitted Development Rights in May 2013.

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Want to rile the electorate? Buy some office furniture.

Want to rile the electorate? Buy some office furniture. 0

office furniture expenditureIt’s fair to say that most people can go about their day to day lives without worrying too much about the price of office furniture. That is until they need to work themselves into a state of excitement about the amount of taxpayers’ money being spent on desks and chairs. We’ve already highlighted how the hackles of the electorate are raised easily by the sight of refurbished offices although we are at a loss to explain why, especially when you consider it in comparison to the spectacular foul-ups associated with IT procurement and the fact they probably don’t sit around on tea crates at home. This visceral reaction is an international phenomenon. While the good people of Sheffield can whip themselves up about a £73 task chair,  across the pond a political storm has formed around the £4 million expenditure of the Internal Revenue Service (IRS) on office furniture.

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Employers neglecting to check ergonomic safety of office workers 0

ergonomicThe widespread adoption of mobile devices, not to mention the development of the Internet and uptake of flexible working, may render the Health and Safety (Display Screen Equipment) Regulations 1992 hopelessly out of date, but they continue to oblige employers to ensure that employees’ workstations are assessed for ergonomic comfort and safety. A survey by Fellowes claims over half of companies (62%) acknowledge they have a duty to foster the physical and mental health of their staff, but found that 31 percent of workers were left in charge of conducting their own self-assessments. In over a quarter of organisations (27%), staff raised concerns that their monitor or display screens were not appropriate and more than one fifth (21%) weren’t aware of any legal requirements when assessing a display screen.

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Office location key factor for staff engagement, with home working preferred 0

Office location most important productivity factor, with home working preferred

It might be disheartening to learn that despite an employers best efforts to design an engaging and inspiring workplace, for many employees it’s where the offices are located that matters most. In a recent UK poll by ClickSoftware over half (57%), said office location was the most important reason why they’d stay in their job ahead of both pay (52%) and job security (33%). However, the most preferred place to work is at home, with 60 percent of people identifying this location to be ‘very comfortable’. The survey also looked at the factors that affected job performance, and found one in five people (20%) believe their productivity at work has been negatively affected by the location of their job. This increases further in the capital with over a quarter of Londoners (26%) feeling that their productivity would suffer by working in a ‘horrible location’. More →