Search Results for: commercial

London office rents are set to reach historic high by 2018

Capital's office rents to increase by a quarter by 2018 as techies move in

London office rents are set to reach an historic high by 2018, fuelled by demand from the technology, media and telecoms (TMT)  sector. Demand for office space by technology and media firms across central London was more than double of the finance sector in 2013, with major deals signed by Google, Amazon, Facebook, Twitter, News Corp, and Ogilvy & Mather. According to data from Knight Frank, record levels of overseas investment are helping London build its reputation as a global hub. Geographically, it is not just the City and the West End that are seeing a massive surge in demand; take-up in Docklands increased by nearly 20 per cent last year, while completely new districts are emerging which include London Bridge, Battersea and Nine Elms. More →

Economic recovery may be constrained by lack of skills and office space

Supply and demandThere are signs that the nascent recovery in the UK economy is already starting to put pressure on the availability of skilled employees and appropriate commercial property for the most rapidly growing sectors. While the Government has announced that the UK’s economy has been growing at its fastest rate since 2007, a new survey published by the UK Commission for Employment and Skills (UKCES ) has claimed that nearly a quarter of vacancies in the UK have gone unfilled because of a shortage of much-needed skills. At the same time, claims a new report from DTZ, demand for commercial property is strengthening with take-up growing across the country while the availability of Grade A office space is declining rapidly.

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DEFRA confirms Montagu Evans is to manage its UK-wide estate

DEFRAIn one of the largest public sector portfolios to be re-tendered in recent years, the Department for Environment, Food and Rural Affairs has appointed Montagu Evans to manage its UK-wide commercial estate. Montagu Evans takes over the three-year contract to manage the estates from DTZ, which has been advising Defra in its role as estates asset manager for the past four-and-a-half years. Montagu Evans will take over the management of the estates, which consists of over 180 properties, from 1 March 2014. Montagu Evans managing partner Steve Thomas said: “We are delighted to have secured such an important appointment. We have been highly impressed with the Defra team and believe there is an excellent fit with Montagu Evans’ tradition of delivering high-quality services.”

Insight newsletter is now available to view online

2.Insight_twitter_logo smIn this week’s Insight newsletter, available to view online; Mark Eltringham reflects on the need to be aware of the wider world when we are at work; and wonders where we will all fit into an increasingly automated workplace. News that strict controls could undermine the successful implementation of many BYOD programmes; confirmation that BIM technology is helping construction professionals improve productivity, efficiency, quality and safety and why the commercial property sector needs to take a city scale view of retrofit projects. A new survey predicts big changes to come in the way we manage an increasingly flexible workforce and legal expert Pam Loch provides an essential guide to the key pieces of employment law which will come into force over the coming year.

Latest issue of the Insight newsletter available to view online

2.Insight_twitter_logo smThe latest issue of our weekly newsletter is now available to view online. If you don’t already subscribe, please do so. Just submit your email address in the Subscription section on the right of this page and we’ll keep you up to date each week with a digest of the best news and views on the design and management of workplaces, the people who work in them and the technology they use. This week, we offer a timely warning of the perils of predictions while hypocritically predicting what we’ll spend most of 2014 talking about, ponder why wellness programmes are so popular given that they don’t appear to do all they claim, ask why so many UK employees are so keen on moving jobs, question the thinking behind the idea of creating a cycle lane in the sky in London and highlight the ongoing resurgence in the takeup of commercial property in the UK.

New SkyCycle route proposed to ease Capital’s transport network congestion

SkycycleDemand for London-based workplaces is increasing, but the capital’s transport network is at capacity and ill equipped for a predicted population growth of 12 per cent over the next decade. Despite the Mayor’s efforts to encourage more cycling in the capital, a recent series of accidents has raised concerns about its safety. Architects Foster + Partners together with Exterior Architecture and urban planners Space Syntax have come up with a proposed solution, the SkyCycle network. This consists of a wide, secure deck constructed above the existing suburban railway corridors, to provide over 220 kilometres of safe, car free cycle routes which can be accessed at over 200 entrance points. Each route can accommodate 12,000 cyclists per hour and will improve journey times by up to 29 minutes. More →

The nine enduring workplace tensions to keep an eye on in the year ahead

The nine enduring workplace tensions to keep an eye on in the year aheadThere were a number of workplace issues that wouldn’t go away during 2013. And there’s no reason to believe we will resolve many of them during 2014 either. We can try to explain the recalcitrance of such things by referring to the enveloping fog that emanates from the commercial interests who promote problems to their customers so they can provide the solutions, but many are more deep-rooted. Technology and its constant radicalising effects is almost invariably the major driver of change, but it is only one thread in a complex web of social, professional, demographic, cultural and commercial changes. So here, in no particular order, are the issues we expect to spend the most time talking about on Insight over the next year. More →

Architects’ workloads remain in positive territory across the country reports RIBA

RIBA future trends Nov 2013The design and construction sector continues to pick up, particularly in Scotland, Southern England and London says the Royal Institute of British Architects (RIBA). Although the Future Trends Workload Index fell back slightly in November, standing at +31 compared with +35 in October 2013, it remained firmly in positive territory. RIBA’s monthly survey illustrates the profession’s confidence and workload, and is a useful indicator of the health of the wider UK construction industry.Welcoming the growing confidence across the United Kingdom, RIBA Director of Practice Adrian Dobson said: “In terms of geographical analysis the highest balance figures were in Scotland (+50), the South of England (+41) and London (+40), but all UK nations and regions remain positive about future workloads, again reflecting a widespread increase in confidence levels.” More →

Insight newsletter is now available to view online

2.Insight_twitter_logo smIn the Insight newsletter, available to view online; cost is still viewed by businesses as the most important factor in assessing an office’s performance; a suspiciously high number of occupiers claim that their programmes of workplace change are successful; PwC’s nine-storey headquarters in London surpasses all BREEAM scores to date, and we review The Emergent Workplace – a new book which aims to help people make better decisions about their offices. Nigel Sikora discusses the challenges of ensuring the right level of acoustic and visual privacy within the workplace; Charles Marks says London may grab all the headlines but the creative and tech industries are thriving around the country and Richenda Oldham explains ways businesses can improve their knowledge of the range of costs involved in owning or leasing commercial real estate.

New survey reveals extent and nature of workplace change programmes

Apple 11

The newly published Workplace Transformation Survey from property consultancy  Cushman and Wakefield begins with the now routine statement that “there is no doubt the corporate workplace is rapidly transforming”. So tell us something we don’t know – and in the subsequent report they pretty much do. That said, the methodology of the survey does skew the results by focussing on a particular part of the workplace elephant, because the report was compiled in conjunction with CoreNet Global, based on a questionnaire of over 500 occupiers and other participants from around the world taking part in events in Los Angeles, Amsterdam and Shanghai. So inevitably the results are weighted to at least some degree in favour of those with an interest in commercial property and the regions from which it draws its data. More →

Highest ever BREEAM outstanding score for PwC’s HQ refurbishment

PWC refurbishment wins highest every BREEAM

PwC’s nine-storey headquarters at One Embankment Place in London has surpassed all BREEAM scores to date for both new build and existing structures. The 450,000 sq ft commercial office building located at Charing Cross station in London has achieved a milestone 96.31 per cent BREEAM Outstanding score, including a 100 per cent score for materials, transport and management. Built in the early 1990s, the structure, which comprises a basement below the station and nine floors of office space above it, has had a complete office refit and refurbishment as well as full central plant replacement in the basement areas, roof and terraces. Achieving a high BREEAM rating and EPC score was a priority of the refit, which was achieved while some 2,000 staff remained in occupation. More →

The creative talent in the UK’s regions (other than London) is quietly thriving

We can now be very confident that the UK economy is on an enduring upward path. We can also be sure that the UK that emerges from five years of recession will be very different to the one that entered it. And on that score things look pretty promising too, because we have the skills and talent needed in some of the world’s most in-demand sectors such as digital media, banking, software development, telecoms and publishing. In fact a recent report from Deloitte says that London employs more people in these and similar knowledge-based sectors than any other country in the world. But while London has an inevitable tendency to grab these sorts of headlines, it’s also great to acknowledge that London doesn’t have a monopoly on this pool of talent, and may even be less attractive as a base for some firms.

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