Search Results for: commercial

July 2, 2018

Investment in European corporate real estate takes a downward turn

Investment levels across European corporate real estate markets are currently on course to meet 2017 levels, after finishing last year on a high. Levels of investment in the first three months of 2018 was broadly in line with the long term average following one of the strongest final quarters recorded in the report from real estate consultancy Savills. Commercial investment totalled €46 billion across the survey area, down 8 percent compared to the same period last year but broadly in line with historic trends.

June 29, 2018

Edinburgh is best UK location for growing technology businesses but office space is becoming scarce

by Neil Franklin • News, Property, Technology

Scotland’s capital city is the best place for tech companies looking to scale up, access funding, and do business in, according to a new Government backed report examining the UK’s tech landscape. Edinburgh tech companies responded with the highest approval rating in the UK when asked to assess how good their city was for ‘doing business’ – a combination of sub factors including access to finance and talent – as part of The Tech Nation 2018 Report – an annual series that captures the strength, depth and breadth of digital tech activity in the UK which employs over one million people. Although 62 percent of Edinburgh’s tech community are satisfied with local access to affordable office space, commercial property firm JLL, who sponsor the report, said one of the main challenges which now faces a burgeoning tech industry in Edinburgh is the room to accommodate continued growth of the sector.

June 20, 2018

Asian investment in City of London offices now hitting record levels

by Mark Eltringham • News, Property

Asian money is pouring into office investments in the Square Mile at a pace rarely seen before, according to a new analysis by Savills. About £3.4 billion of Asian capital has been invested in London offices already this year, according to a study from the property consultancy. That is 70 per cent of the total volume and a record high for the first six months of a year. In the past three months alone, Asian buyers have snapped up £3.5 billion of buildings in London’s financial district. This is the highest figure for a second quarter since 2007, when the commercial property market was at its peak just before the credit crunch hit, according to Savills.

June 12, 2018

Firms ignoring employee anxieties about workplace communications

by Neil Franklin • News, Wellbeing

UK companies are failing to support employees suffering with work-related performance anxiety, the business world’s equivalent to stage fright, despite it being a regular occurrence for many workers, according to new research. RADA Business, the commercial subsidiary of the Royal Academy of Dramatic Art which provides communication skills training for corporate individuals, has published the report Beating Workplace Performance Anxiety, which surveyed 1000 workplaces. The report found that, on average, workers report feeling anxious at least once a week (five times per month). Despite this, few workplaces act effectively to counter incidents of workplace communications anxiety. Only 13 percent of people surveyed said that anxieties round communicating in the workplace are picked up and resolved by the management team.

June 11, 2018

Coworking is breaking away from its cultural and geographical stereotypes

by Gary Chandler • Comment, Property, Technology, Workplace design

There is a persistent image of a coworking space as a sort of glorified serviced office for tech and creative startups who can’t afford the eye-watering rents in the areas they need to be. This is usually in the technology hothouses of the world’s major cities where they can work alongside the corporate giants and fellow innovators that thrive there. The reason such perceptions exist is because they are largely true. It’s no coincidence that coworking spaces have thrived up till now in the world’s most expensive property markets – in London, Hong Kong and New York, serving exactly the sorts of start-ups and freelancers who rely on proximity to their potential clients.

June 4, 2018

Your happiness at work is not just down to your employer

by Cary Cooper and Ivan Robertson • Comment, Wellbeing, Workplace design

When Google promoted a software engineer named Chade-Meng Tan to the role of “Jolly Good Fellow”, his career – and the entire culture of Silicon Valley – took a sharp turn. Meng, a cheerful employee valued for his motivational qualities, went from developing mobile search tools to spreading happiness across the organisation. Happiness became his job. Google wasn’t the first to hire someone with the sole remit of enforcing employee contentment. In 1999, when Google was still a start-up, French fashion brand Kiabi hired Christine Jutard as its chief happiness officer. She was one of the first to perform the role. But once Google did it, happiness at work became a key metric and other organisations quickly adopted their approach. Three years after Meng’s appointment, fast food giant McDonald’s even promoted Ronald McDonald from brand mascot to CHO.

May 29, 2018

Take up of office space in West End stays strong, but supply continues to decline

by Sara Bean • Cities, Facilities management, News, Property

Demand for commercial office space in central London has remained above the long-term average, with the amount of space under offer increasing, though the level of supply in the West End has continued to decline, according to the latest figures from Savills. Take-up in April reached 275,473 sq ft across 24 transactions, bringing take-up for the first four months of the year to 1.3m sq ft. The volume of transactions to complete over the month was the lowest for April in five years but overall year-to-date take-up still remained up on the long-term average for this period by 13 percent. More →

May 18, 2018

Office take-up in London at highest point in last 12 months, boosted by pre-let activity

by Sara Bean • Cities, Facilities management, News, Property

Central London commercial offices under offers are at the highest point in the last 12 months and take-up is ahead of 2017 levels compared with this point last year, new data from CBRE has shown. Central London office take-up for April 2018 stood at 547,900 sq ft, largely driven by pre-letting activity. Office take-up for the year to the end April 2018 was 4 percent higher than the corresponding period in 2017, standing at 3.4m sq ft. Take-up was boosted by 139,600 sq ft of pre-letting activity. Over the last 12 months, the business services sector has represented the largest proportion of take-up at 32 percent, driven by a large number of deals to flexible office providers. Take-up in April was dominated by the creative industries sector, accounting for 44 percent of take-up. The banking and finance sector (26 percent) and the business services sector (21 percent) also represented notable proportions of take-up in April.

May 17, 2018

Bosses warned about major leadership changes in a tech-driven economy

by Sara Bean • News, Technology, Workplace

With companies holding ever greater amounts of data and facing heightened scrutiny through social media, employers need to consider the wider implications of their business decisions. This was the message of the President of the Chartered Management Institute (CMI), who has warned business leaders and students in Birmingham of the challenges facing bosses in the rapidly evolving tech and data-driven economy. Speaking at the annual MacLaren Memorial Lecture at Aston University, Bruce Carnegie-Brown told the 200-strong audience that the digital revolution is having a transformative effect on the priorities of business leaders, which pose new management challenges. “The growth of social media has made an invaluable contribution in democratising the control of information, he said by, “increasing transparency through universalising access to data and doing it in real time”. Carnegie-Brown, who is also the chairman of Lloyd’s of London, added: “With information more accessible than ever before, those that own or collect data find themselves with huge amounts of power – both social and commercial. But with great power comes great responsibility and balancing these two forces is the greatest leadership challenge of today’s generation of business leaders.”

May 10, 2018

London’s tech startups and SMEs shift focus from normal hotspots to migrate South of the river

by Mark Eltringham • News, Property

Hubble, an office and coworking marketplace, has published new data which it claims shows that tech startups and other growing SMEs in London are leaving the capital’s best known tech hotspots, including Shoreditch and Soho, for south of the river. Hubble’s search data suggests that London Bridge (29 percent of all searches) is the most popular location in London for companies searching for flexible office space in 2018 (a sharp rise from 3.7 percent of searches in 2017), beating Shoreditch with 27 percent of all searches. More than 37 percent of searches were for office space in south London, counting London Bridge and the Southbank (8.5 percent). Startups and SMEs are branching out to different creative “hub-spots” within London, but most prominently is an unprecedented shift to south of the river. Searches for London Bridge specifically make up 29 percent of all searches and the Southbank, as a whole, making up 37.5 percent of all search queries.

May 8, 2018

Manchester offices dominate BCO Awards for North of England

by Neil Franklin • News, Property, Workplace design

Manchester based businesses dominated the annual British Council for Offices (BCO) regional property sector awards dinner held in Manchester at the end of last week. Shoosmiths LLP, Hilson Moran, Neo and The Bright Building all being recognised as some of the best workplaces in the North of England. Other workplaces across the North of England that also received recognition were Number One Kirkstall Forge, Leeds (Winner, Best Commercial Workplace, Waterfront Point, Widnes (Winner, Best Corporate Workspace and Albert Works, Sheffield (Winner, Best Projects up to 1,500 m²)