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MIPIM 2023 confirms that green sells. But is commercial real estate buying?

MIPIM 2023 confirms that green sells. But is commercial real estate buying?

MIPIM may have returned last year, but 2023 was the year it felt backMIPIM may have returned last year, but 2023 was the year it felt back. That was despite widespread concerns over the rising costs of refinancing and a banking crisis that started with the collapse of Silicon Valley Bank in the US and quickly moved to Europe, with Swiss financial regulators beginning to put together during MIPIM week the deal that would see UBS buy Credit Suisse in an emergency rescue. More →

The five ages of the office and the man who shaped the way we talk about them

The five ages of the office and the man who shaped the way we talk about them

Pioneering SAS office complex in StockholmThe office has passed through five ages. The ‘coffee houses’ of the 17th century, yielded to the ‘clerical factories’ of the 19th as machines revolutionised work. After the Second World War, the ‘corporate offices’ of global corporations and William Whyte’s Organization Man dominated the scene. Following the launch of IBM’s PC in the early-1980s, we saw the rise of ‘digital offices’ in the 1990s, complete with internet, email and social media. And for the past few years we have been moving inexorably towards the latest age: ‘network offices’. Each age was shorter than its predecessor: both the digital and network ages began less than a career span ago. More →

Poor air quality affects chess players, and it might be affecting you too

Poor air quality affects chess players, and it might be affecting you too

Air pollution poses such a threat to strategic thinking under pressure that chess players often monitor the air quality of their surroundings.Humans are exposed to poor air quality and pollution almost everywhere. The World Health Organization estimate that 99 percent of the world’s population breathe in polluted air each day. Chess players competing indoors are no exception – and it can affect their performance. A recent study conducted by researchers from Maastricht University (Netherlands) and the Massachusetts Institute of Technology (USA) analysed the quality of chess moves across multiple German chess tournaments. They found that chess experts perform worse when there is more particulate matter (PM2.5) in the air. More →

New legally-binding air quality targets fall short of their ambitions, safety body warns

New legally-binding air quality targets fall short of their ambitions, safety body warns

The British Safety Council has warned that new legally binding air quality targets for the UK, which passed the final stages of parliamentary scrutiny earlier this week, fall well short of what is needed to keep people safeThe British Safety Council has warned that new legally binding air quality targets for the UK, which passed the final stages of parliamentary scrutiny earlier this week, fall well short of what is needed to keep people safe. The new limits will  come into force in the wake of last year’s Environment Act, after the Government missed its own deadline of December to introduce them, following a consultation. More →

Issue 13 of IN Magazine celebrates ten years of workplace insight

Issue 13 of IN Magazine celebrates ten years of workplace insight

The new issue of In Magazine has now been published. It marks ten years of Workplace Insight with a few things we think we know about work, working culture and work places.The new issue of In Magazine has now been published. It marks ten years of Workplace Insight with a few things we think we know about work, working culture and work places. Elsewhere in this issue: Stephanie Fitzgerald talks about the unspoken privilege of wellbeing; we consider the sprawl of the world’s megacities; Jo Knight argues that the office sector needs to really up its game on the environment; Rene Stevens makes the case for a strategic approach to learning environments; we weigh up the pros and cons of retrofit and new builds; Neil Usher sets out to develop a universally acceptable definition of hybrid working; Andy Brown on what we really need data for; why dead tech hangs around; and we do the maths on what it means when people say the office should be worth the commute it takes to get to it. More →

What IS hybrid working?

What IS hybrid working?

A man working at a laptop in a pub to illustrate the possible definition of hybrid working In an uncharacteristically Waddellian moment*, the Word of the Year for 2022 according to The Economist was ‘hybrid work’. Yet despite its ubiquity, in the comparative calm of social channels over the holiday period lurked claims that no-one knows what hybrid working is. Even though millions of people are doing it. Given that such an assertion came as a surprise, there was only ever going to be one opening post for 2023: an attempt to explain it. More →

Getting past the uncertainty of GDP to find something better

Getting past the uncertainty of GDP to find something better

Epicenter Coworking Space in Stockholm, where Sweden has an economic model that deals with the uncertainty of GDP as a focusThe other night, my fourteen-year-old daughter was revising for her Economics exam, and we discussed the Swedish Economic Model and its relevance in our own age of uncertainty. According to the International Monetary Fund, Sweden’s national debt to GDP ratio has fallen chiefly since 1995. We proceeded to discuss the term Gross National Product (GDP). GDP measures the monetary value of final goods and services produced in a country in a given period of time over three months or a year. More →

New study claims people who can work remotely come into the office for less than two days a week

New study claims people who can work remotely come into the office for less than two days a week

A global study of 220 offices in 33 countries, representing nearly 250,000 employees, has revealed that hybrid working is becoming established as the norm for those who can work remotely. Those people now come into the office an average of just 1.5 days a week, versus nearly four days a week before the Covid-19 pandemic. AWA’s second Hybrid Working Index study, conducted between September and November this year, found that on average people go into the office 29 percent of the time. Among employers surveyed in both the first study, in the summer, and this one, attendance was steady at around 25 percent. More →

People in the West continue to express ambivalence about the metaverse

People in the West continue to express ambivalence about the metaverse

An illustration of a suited man using a headset to access the metaverseA new poll from law firm Gowling WLG claims to reveal a stark difference in attitudes in Western and Eastern nations when it comes to the metaverse. It claims that the technology is set to change how we work and socialise forever, and that early adopters like China and the United Arab Emirates are already reaping the economic benefits. The firm’s Immaterial World report compared attitudes towards the metaverse in six international markets. The research found that four-in-five (83 percent) Chinese consumers would consider taking part in virtual experiences, more than twice as many as in the UK (37 percent). More →

EU approves major funding increase for new circular economy and clean energy projects

EU approves major funding increase for new circular economy and clean energy projects

The European Commission has approved more than €380 million of funding for 168 new projects across Europe as part of its LIFE Programme for the environment and climate action. As part of the European Green Deal, it believes that the projects funded can help the EU become climate-neutral by 2050 and reach climate, energy and environmental goals. They aim to support biodiversity, nature restoration and a circular economy while contributing to the clean energy transition across the continent. More →

Investment in real estate upgrades stalls in face of economic and business challenges

Investment in real estate upgrades stalls in face of economic and business challenges

An image of some offices to illustrate the challenges facing real estate investors Research by ULI and PwC claims that nearly half of Europe’s real estate leaders are concerned about buildings becoming obsolete in the next five years in the face of long-term upheavals in demographics, climate change, technology and lifestyles. Most of the 900 or so industry leaders that participated are making long-term resources available to address the fit-for-purpose agenda. However, the challenging business environment has reshuffled priorities to financing and high construction costs, and scarcity of resources has made real estate renewal more expensive to achieve, consequently delaying much needed investment. More →

BDP reports on successful year for the design firm

BDP reports on successful year for the design firm

BDP installation at Astra ZenecaBDP has published its results for the financial year ended 30 June 2022. The practice achieved revenues of £136.6m and an operating profit of £13.2m. The multidisciplinary practice won a number of prestigious projects in the financial year and expanded into new locations by establishing new presences in New York, Lima and Edinburgh to create a network of integrated, collaborative studios with global reach. The organisation’s employee numbers have also returned to pre-pandemic levels as it welcomed talented people back to its workplaces across the globe. More →