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Flexible office space is becoming mainstream as demand grows

Flexible office space is becoming mainstream as demand grows

Growing demand means flexible office space is becoming mainstreamThe provision of flexible office space is increasing as landlords look to capitalise on its increasing demand by occupiers. Alongside this a significant proportion would be happy to work in partnership with a flexible office space provider. According to a new study; UK Landlords & Investors Embrace the Flexible Revolution from CBRE, the majority of UK landlords (92 percent) believe that flexible office space is on the brink of becoming mainstream and are not only keen to monitor but respond to the growth of flexible office space. Over three quarters (77 percent) of survey participants stated that they are currently considering some form of flexible provision, with 79 percent declaring an intention to act within the next 12 months. (more…)

Seven stories about the workplace to round off your week

Seven stories about the workplace to round off your week

UK technology sectors continues to outpace rest of the economy, and not just in London

UK technology sectors continues to outpace rest of the economy, and not just in London

The UK’s digital technology sector continues to grow faster than the rest of the economy, according to the latest Tech Nation Report for 2018. Turnover of digital tech companies grew by 4.5 percent between 2016-17 compared to UK GDP which grew by 1.7 percent over the same period. This means that the tech sector grew at 2.6 times faster than the rest of the economy. At the same time the number of jobs in digital tech rose five times the rate of the rest of the economy, demonstrating how the digital tech sector is one of the best performing sectors in the UK economy. 2017 proved to be an amazing year for the UK digital tech sector with some of the biggest fundraisings and exits seen in years, as international investors flocked to fund UK-based firms, according to the report. British digital tech companies raised £4.5bn in venture capital investment during the year, almost double the previous year.

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What exactly is driving the global workplace conversation?

What exactly is driving the global workplace conversation?

There is a growing body of research and understanding on the impact that working environments, workplace habits and culture have on people and broader business performance. The very best workplaces in the world – some of which will be on show at Workplace Week in New York next month – are changing our expectations around the look, function and purpose of office space. These workplaces are designed much like ecosystems – every inch designed with the comfort, wellbeing and productivity of the people who occupy them in mind. The new world of ‘workplace management’ is about designing and delivering multi-faceted, minute-by-minute, multi-sensory experiences that create an emotional response. It is about designing workplace experiences to deliver a specific mission. It encompasses thinking about journeys and destinations, the fusion of space, information, and services – and how these reflect organisational personality, support human effectiveness, and lure in talent. But, as those in the industry will be all too aware, this hasn’t always been the case. So, what’s to thank for this fresh approach to workplace design and management?

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Manchester incubator aims to develop region’s strength in tech and research

Manchester incubator aims to develop region’s strength in tech and research

Manchester Science Partnerships (MSP) has opened its new £2m tech incubator which it hopes will help create up to 2,000 jobs in data science and technology innovation companies over the next decade. Reflecting the ambitions of the updated Greater Manchester strategy to build on the city region’s strengths in technology and digital innovation, the incubator will provide start-ups with a wide package of business support services including: access to finance, talent and markets advice. Manchester is already a European top 20 digital city and this new incubator is designed play a role in strengthening the city’s status as a location for technology businesses over the coming years.

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Canada leads the way in worldwide surge in adoption of green buildings

Canada leads the way in worldwide surge in adoption of green buildings

Major metropolitan office markets across the globe are seeing a significant increase in the adoption of green building certification programmes, according to the inaugural International Green Building Adoption Index (IGBAI) – a study by CBRE and Maastricht University. The study reports that 18.6 percent of space in 10 markets across Australia, Canada and Europe is now certified green versus just 6.4 percent in 2007. Canadian cities set the pace, with 51.6 percent of the space in Vancouver (pictured) and 51.0 percent in Toronto holding green certifications. This is particularly notable for Vancouver, as the city has a formal initiative and action plan – “Greenest City 2020” – toward becoming the greenest city in the world by 2020. In Vancouver and Toronto, green buildings trends will continue to drive both new development and redevelopment of office product. In Vancouver, more than half of the 1.5 million-square feet of product under development is being built to high green certification standards, while much of Toronto’s existing class A product is undergoing intensive capital improvement projects that include upgrades aimed at earning green certifications as well.

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Seven workplace stories to round off the week

Seven workplace stories to round off the week

In fairer societies, fewer women enter STEM fields of work

Sexual harassment at work in the era of #MeToo

The impossibility of focusing on two things at once

Robot cities: three urban prototypes for future living

The results of a 2018 global coworking survey

Late risers at increased risk of early death

WeWork to acquire Chinese coworking firm

The UK’s incredible shrinking office phenomenon

The UK’s incredible shrinking office phenomenon

Apparently prompted by the recent boom of so-called ‘micro-homes’ in Britain, commercial property firms Savoystewart.co.uk has set out to investigate whether the ‘micro-trend’ has also taken root in the office sector as well. The firm analysed office floorspace available relative to the number of active businesses in England and Wales from 2012 to 2016, finding that the office floorspace is shrinking both on regional and local levels.  Results of the research, which is based on the latest GOV data on business floorspace from the Valuation Office Agency and official stats on business demography from ONS, revealed that the change in office floorspace available per business has been downward in all regions. The results reflect trends in the BCO’s specification guide

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Government announces details of new real estate agency

Government announces details of new real estate agency

The UK government has announced the creation of the Government Property Agency (GPA) which will aim to ‘improve the efficiency and effectiveness of the Government Estate and generate benefits of between £1.4 billion and £2.4 billion over the next ten years’. GPA’s initial portfolio of 80 properties will grow to over 1,000 as it takes on increasing responsibility for managing the general purpose central government real estate portfolio. This is intended to manage the government’s property portfolio strategically in order to realise the benefits that departments cannot achieve on their own. The GPA will partner with government departments to find innovative property solutions, and provide expertise to enable them to deliver wider business change more efficiently. More broadly, the GPA will also be an enabler for the delivery of Civil Service transformation, regional growth and the government’s vision to strengthen the Union.

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UK remains a world leader in technological innovation

UK remains a world leader in technological innovation

A new report from KPMG suggests that the UK is the third most dynamic global centre of innovation, disruption and technological development behind the US and China. KPMG’s 2018 Global Technology Innovation Report surveyed almost 800 global business executives to reveal the world’s top technology innovation hubs. Of those surveyed, 19 per cent named the UK as the third most promising market for tech breakthroughs behind China at 26 per cent and the US at 39 per cent.

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HMRC signs for Manchester HQ as part of nationwide programme of lettings

HMRC signs for Manchester HQ as part of nationwide programme of lettings

HMRC has completed a 25 year letting of 157,153 sq ft at the English Cities Fund’s New Bailey development in Greater Manchester. HMRC will take over the whole of the seven storey 3 New Bailey development with staff moving in from 2022. The move is part of a nationwide programme of lettings in major cities to deliver HMRC services at local level, overseen by the Government Property Unit. There have already been announcement of new HMRC hubs in Cardiff, Edinburgh, Leeds and Birmingham. The New Bailey move will form the initial phase of the HMRC Manchester Regional Centre. Additional capacity for around 2,500 staff working in the city will be retained at Trinity Bridge House as a transitional site until 2027/8, when the second phase of the regional centre is expected to open. (more…)

Ageing population and low fertility rate is leading to European labour force shortage

Ageing population and low fertility rate is leading to European labour force shortage

Ageing population and low fertility rate is leading to Europe's growing labour force shortage

Europe faces an increasing labour force shortage, which means that between 2017 and 2025, 184 out of 263 metropolitan areas from the EU-28 will record a negative growth rate in their working age population. According to a recent analysis by GlobalData this is due to a combination of lower fertility rates across most European Union (EU) countries, which is causing a reduction the growth rates of the youth population, while increased life expectancy is leading to a steady rise in the growth of the elderly population. But according to Ramnivas Mundada, Economic Research Analyst at GlobalData, ‘‘Measures such as increasing the levels of post-retirement employment opportunities, offering more support for women returning to the workplace and investing in youth employment, education and training could help to mitigate the impact of these demographic changes over the long term.’’

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