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Demand for office space outside London could soar, claims KPMG report

Demand for office space outside London could soar, claims KPMG report

New ways of working will boost UK productivity and increase employment levels in cities outside of London, according to a new report from KPMG. And as businesses in some sectors prepare for employees to spend two to three days a week working from home on a permanent basis, demand for office space could see capacity potentially increase by as much as 40 percent, according to a new KPMG report, New working patterns and the transformation of UK business landscape.

The increased availability of office space in major business hubs is expected to attract businesses from smaller areas to fill up the vacant space, with cities like Manchester, Bristol, Glasgow, Leeds and Birmingham set to see employment rise by 5-10 percent as a result. This will have a significant knock on effect for demand for office space.

Areas in central London are also expected to benefit, as well as smaller towns and cities with a large proportion of the workforce working partially from home. Meanwhile, less dense business areas could see a decline in employment and may need to be transformed into more residential, leisure, retail and other uses.

As the business landscape consolidates, KPMG analysis also claims the change could boost overall UK labour productivity by 0.5 percent, thanks to businesses being able to tap into a larger pool of workers, suppliers, and clients.

Yael Selfin, Chief Economist at KPMG UK, commented on the report: “As we emerge from the pandemic, businesses need to adapt to the new environment they will be facing. Some may choose to relocate to larger business hubs to boost profitability, while others in less central areas could see their local customer base profile change. While the overall impact on the UK economy is expected to be positive, the changes ahead could prove challenging for those businesses already saddled by the pandemic.”

The report examines how local high streets in residential towns and neighbourhoods are expected to reap the benefits of greater homeworking through increased demand by residents during the week. But the impact on high streets across the UK is unlikely to be uniform. Some places may be hit relatively hard by the loss of office workers due to their proximity to a larger business hub, which may be compounded by the loss of commuter footfall among remaining employees due to the prevalence of working from home.

Yael Selfin added: “As people spend more time working from home and less time in the office, we could see a revival of the local high street.

“They will need to transform into places of purpose to meet demand for community-based services, hospitality, culture, as well as retail. High street offering in smaller towns and cities may need to become more focused on residents’ needs and less focused on businesses and commuters.

“This transformation will require local government, residents and businesses to work together to map their future shape and make concrete plans to support and enable the necessary changes to make the most of the new post-Covid business reality.”

Chris Hearld, Head of Regions at KPMG UK, commented: “Over time, a shift in business location could support the rise of several major business hubs across the UK. An increase in the concentration of businesses and workers has the potential to make those businesses located there more productive and enable these areas to serve as the engines of economic growth. This should also support the Government’s Levelling Up agenda. Cities like Manchester, Leeds, Birmingham, and Newcastle stand to benefit from such a consolidation of business locations. For this to happen they will need government to work closely with local leaders to ensure the transition is smooth and any barriers to growth are quickly ironed out.”

Brits feel stressed eight days a month, study claims

Brits feel stressed eight days a month, study claims

stressedA new study, commissioned by CIPHR, claims that most British adults (79 percent) feel stressed at least once a month, with the average being eight days a month. (more…)

Growing health concerns and preference for hybrid work among US employees

Growing health concerns and preference for hybrid work among US employees

employeesEnvoy has released the results from its latest Return to Work report that gauges sentiment among 1,000 US employees who have returned to the workplace within the past year. As COVID-19 cases continue to rise, many companies are wrestling with the decision to postpone reopenings, even as scores of office workers are already back in the workplace. (more…)

Over half of UK employers say their staff work additional unpaid hours every day

Over half of UK employers say their staff work additional unpaid hours every day

unpaid hoursIn its latest whitepaper, Cendex, part of XpertHR, claims that staff at over half (53 percent) of UK organisations are working additional unpaid hours every day. A quarter (24 percent) of employers put this down to the pandemic and its resultant uptick in remote working, as they believe working from home blurs the line between work life and home life. (more…)

Castaway workers have forgotten the art of small talk, getting dressed and colleagues’ names

Castaway workers have forgotten the art of small talk, getting dressed and colleagues’ names

castaway workersA third of UK workers admit they’ve forgotten the password to their computer, office entrance or locker, one in five workers have forgotten a colleague’s name or called them by the wrong name and say their small talk skills have been impacted by working from home. Those are some of the findings of a new report from Michael Page into the effects of a year and a half of lockdown and workplace disruption. (more…)

Mid-Senior Level jobs offer the best remote work opportunities

Mid-Senior Level jobs offer the best remote work opportunities

remote workScotland and Wales are the two UK countries where the most companies offer remote work positions at 2.96 percent and 2.48 percent respectively, according to a new study by the AA. (more…)

We need to take a long term view on workplace sustainability 

We need to take a long term view on workplace sustainability 

workplace sustainabilityOne of the more welcome outcomes from the pandemic has been a reinvigorated and better conversation about the environment in general and workplace sustainability in particular. There were some immediate quick wins in the Spring of 2020. Cleaner air became evident in atmospheric readings and satellite images. People literally took to the streets as traffic all but vanished. Planes were grounded. We could hear birdsong. Wild animals populated some streets. It was as if Nature itself breathed a sigh of relief.   (more…)

No rush to get back to the office despite easing of restrictions

No rush to get back to the office despite easing of restrictions

Why rush back to the office?Restrictions may have been lifted but there is no major rush for everyone to head back to the office. Many firms are being cautious about bringing employees back and the official government guidance is for employers to plan a gradual, safe return to places of work. Official guidelines aside, this doesn’t even start to factor in employees’ own attitudes to being back in the office. Certainly, there are plenty of people itching to be in and amongst the buzz of an office, popping out somewhere different each day for lunch and having that commute to distance work and home life. (more…)

Majority of people would cycle to work if their employer offered better facilities

Majority of people would cycle to work if their employer offered better facilities

cycleEmployers should be doing more to encourage staff to start commuting into the office by bicycle, suggests research from Graham Coffey & Co.Solicitors. Ahead of Cycle to Work Day (August 5th), the law firm surveyed more than 1,500 people to better understand attitudes towards cycling safety and what can be done to make cycling a more attractive prospect for employees. (more…)

Employers believe the way we work has changed forever

Employers believe the way we work has changed forever

working After more than a year of remote working, the majority of UK workers are well-versed in office-free employment. We’ve had plenty of time to think about how the experience has affected our working habits. Gazprom Marketing & Trading surveyed 1,000 employees across a range of sectors, asking participants about their working hours, mental health, and the challenges they’ve encountered along the way. (more…)

Inclusive workplaces will be focus of new disability strategy

Inclusive workplaces will be focus of new disability strategy

two people talking to illustrate inclusive workplacesA new strategy from the UK government promises more inclusive workplaces, easier commuting and better job prospects for millions of disabled people. The strategy sets out 100 immediate commitments supported by £1.6bn of funding alongside an ambitious agenda for future reform. As well as inclusive workplaces, the strategy covers a range of other areas including accessible housing and better access to justice, culture and the arts. (more…)

Over two thirds of office workers dread speaking to their IT department

Over two thirds of office workers dread speaking to their IT department

ITResearch by Velocity Smart Technology, investigating how IT departments are coping with a move to remote working, claims that almost half (45 percent) of office workers have had to wait longer for an issue to be resolved whilst working from home – with 73 percent going on to say they have had to wait up to an extra five hours for an issue to be fixed. (more…)