June 25, 2019
Surge in demand for London office space
May 2019 saw a total of 13.3m sq ft of London office space under construction across 98 developments. 60 percent of this space has already been let or is under offer, the highest level to be achieved in over 15 years. This is according to new data from real estate advisor CBRE. Take-up of office space rose above the 10-year average in May 2019, increasing to 1.2m sq ft. There were eighty transactions, of which twelve were greater than 20,000 sq ft in size. The largest deal of the month saw the European Bank for Reconstruction & Development take 358,700 sq ft at Five Bank Street (pictured). (more…)
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Socialising and drinking opportunities are some of the least enjoyable things about working in London, as loving their job and a chance to grow personally is more of an incentive for those who work in the Capital, a new report suggests. The survey of 1,000 London workers by Flexioffices, claims that 75 percent of employees in the city enjoy going to work for the personal development opportunities, training and the job itself. Flexible hours are becoming an increasingly enticing aspect of a job, with 21 percent of London workers liking their workplace because of the flexible hours available.
Employees trust their CEOs less than they did seven years ago, although trust in line managers remains the same, new research claims. It also suggests that one of the reasons for mistrust is that CEOs seem unable to understand the role of their employees and the contributions they make to working culture. According to Trust in Leaders, by The Institute of Leadership & Management, workers trust their CEOs considerably less than they did in 2011, as compared to then, the results show trust in CEOs has fallen by 8 percent.
A new study suggests that more than 7 in 10 Britons working in production are concerned that their jobs may be made obsolete thanks to developments in Artificial Intelligence in the coming years. What’s more, over two fifths of respondents believe AI could rebel against humans. As technology develops and more money and time is invested into AI, the public’s opinion has been explored, with those working in production, HR and construction uncovered to be the most worried that AI could take their jobs away from them. 
