August 30, 2019

Shaping the workplace of tomorrow

by Richard Glückman • Comment, Technology, Workplace design

The workplace, as we know it, is rapidly evolving and the role of the traditional office is changing. In fact, what current trends are pointing towards is that the whole work culture is shifting, with the employee experience becoming equally important as consumer needs. The new norm of the workplace is being flexible, dynamic, and versatile – yet, more often than not, companies lag behind in providing the right tools to support these trends. We can often see a significant gap between what the workforce needs and what the workplace offers. More →

August 30, 2019

Back to workplace basics, the joy and pain of work, squeezing people in and some other stuff

by Mark Eltringham • Features, Wellbeing, Workplace design

Let’s get the inevitable WeWork story out of the way first. A supposed news item in Crain’s New York Business has claimed that WeWork is ‘squeezing’ people into half the space recommended in the BCO’s Specification Guide; “roughly the size of two standard doors laying side by side”. You can see the editorial cogs at work here, combining a story about WeWork with one about how people are crammed into the workplace like cattle these days.

August 28, 2019

Two thirds of people with fixed hours want flexible working

by Neil Franklin • Flexible working, News

Two thirds (65 percent) of office workers that don’t currently have options for flexible working claim that they would be more motivated and productive in their jobs if given the option to choose their working hours, according to a new poll from coworking company, The Brew by rent24. The poll also claims that only 18 percent of workers at small and medium-sized businesses already have flexible working arrangements, falling to just 14 percent for 18-34-year olds.

August 8, 2019

London occupiers mixing conventional and flexible offices

by Neil Franklin • Coworking, News, Property

Although London retains its status as the European capital of flexible offices and coworking, a new report from Colliers International claims that the capital is also enjoying above average demand for conventional office space, coupled with reduced footprints overall, as corporate occupiers seek to expand their businesses but without taking on property at the same rate. More →

August 7, 2019

London is top flexible offices market in Europe

by Neil Franklin • Coworking, News, Property

Research conducted by CBRE claims that London’s stock of flexible offices amounted to over 1.1 million square metres, representing over 5 percent of the city’s total office stock. This places London firmly top of the table of flexible office markets, when compared to major cities across Europe. More →

July 8, 2019

Flexible office demand in Paris almost double the global average

by Neil Franklin • Coworking, News, Property

Demand for flexible office space in Paris is almost double the global average, according to a report by Instant Offices. With demand for office space on the rise in Paris, serviced offices have seen a 26 percent increase while hybrid space has seen a 23 percent increase. While the city ranks fourth globally by the size of supply, Paris is considered to be one of the largest flexible office markets in Europe and ranks among the top 10 best start-up cities in the world. Alongside New York, San Francisco and London, Paris also remains one of the most expensive places to rent a desk. Despite this, demand in the city is on the rise as more large businesses choose flexible offices over conventional leases. More →

June 27, 2019

We are running out of time to find the meaning of work

by Mark Eltringham • Comment, Flexible working, Technology, Wellbeing, Workplace design

Last week’s report from the IFS detailing the ongoing rise in the numbers of working poor in the UK highlights just how dysfunctional work can be in the modern era. While depictions of work in the media tend to consist of diverse Millennials clustering around a single laptop in the sun-dappled offices of tech firms, or chilling on the Chesterfield in a coworking space, the reality for many people is somewhat different. More →

June 26, 2019

WeWork completes largest office deal in Birmingham this year

by Mark Eltringham • News, Property

WeWork has agreed a deal to take over all seven floors of Six Brindleyplace in Birmingham. The deal is the coworking provider’s third in the City this month alone, following deals for 55 Colmore Row and Louisa Ryland House, both in the Colmore Business District in the city centre. The deal for the 97,000 sq. ft. of Six Brindleyplace is believed to be the largest office deal in Birmingham so far this year, bringing its total offering in the city to 200,000 sq. ft. More →

June 21, 2019

Flexible office revolution shows no signs of slowing

by Neil Franklin • News, Property, Workplace design

The latest research from JLL, Disruption or distraction, where next for the UK flex market sector, claims that the real revolution of flexible office space lies in the variety of solutions now on offer and that the market has seen more changes over the last three years than the previous 30 combined as it continues to grow and evolve. JLL’s research claims that over the next five years more than 10m sq ft will be added to the stock in the key UK cities and flex space will account for over 8.5 percent of the total office stock by 2023. More →

June 21, 2019

HSBC strikes 1000 desk deal with WeWork

by Mark Eltringham • Coworking, News, Property

HSBC has agreed a deal to locate more than a thousand members of London staff in a WeWork coworking space in London. WeWork confirmed to the Financial Times that the bank has signed up for 1,135 desks at its new building at 2 Southbank Place. The move is further proof of how coworking has become a mainstream option for large corporations as they seek to get more value our of their property and introduce new working methods. HSBC’s corporate real estate team and other staff already work from coworking spaces, but the new deal marks a step change in its strategy.

Image: WeWork’s existing coworking space at Waterloo

June 20, 2019

London remains second most expensive office market

by Neil Franklin • News, Property

Hong Kong Central and London’s West End held onto their top spots in a ranking of the most expensive office market locations in the world at $322 and $220.70 per sq. ft. per year respectively according to the latest Global Prime Office Occupancy Costs report from CBRE. The ten most expensive markets were the same markets as last year, though several have changed positions within the top category. The biggest gainer within the top 10 was Midtown Manhattan ($196.89) in New York City, which climbed to the fourth most expensive market this year from the sixth last year. London City retained its number 10 position on the list at $139.75 per sq. ft. More →

June 20, 2019

Area opens new Birmingham office

by Freddie Steele • Company news

Office design and fit-out form Area is expanding its UK operation and opening a new office base in Birmingham to support and grow its existing client base. The move to Birmingham – one of the UK’s most dynamic regions – comes on the back of a series of successful projects in the region and builds on strong relationships with local clients such as Mills & Reeve, Zurich, Legal & General, Jaguar Land Rover, KPMG, Handelsbanken, Aviva, Grant Thornton and Deloitte. Birmingham and the West Midlands are regarded by economists and businesses alike as one of the most promising places in Britain to invest and grow, which creates opportunities for the commercial property market. More →