October 14, 2022
Office fit out and rent rises will hit occupiers worldwide this year
Occupiers 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 →
October 13, 2022
The success of hybrid working hinges on creating a great workplace experience
by Lee Rubin • Comment, Flexible working, Wellbeing, Workplace
Recent statistics underline the extent to which hybrid working is now a permanent fixture of US business life. A recent report suggests that 74 percent of US companies are using or plan to implement a permanent hybrid working model, whilst 44 percent of US employees prefer a hybrid work model, compared to 51 percent of employers. 55 percent of employees want to work remotely at least three days a week and 59 percent of employees are more likely to choose an employer that offers remote work opportunities over one that doesn’t. More →