Search Results for: economic

Average length of London flex office agreements reaches a new high

Average length of London flex office agreements reaches a new high

by • News, Property

New research from CBRE has found that the average London flex office agreement now stands at 22 months, a record highNew research from CBRE has found that the average London flex office agreement now stands at 22 months, a record high since CBRE started tracking the data in 2020. In addition to longer commitments from occupiers, pricing in the capital has increased in recent years for best-in-class locations, with CBRE’s data showing H1 2025 rents in Mayfair & St James’s achieving an average of £315 per sq ft, and a top rate of £380 per sq ft, the highest in the UK. (more…)

Why winning the AI race starts with workforce readiness

Why winning the AI race starts with workforce readiness

by • AI, Comment, Workplace

While AI is heralded as a transformative force across industries, a quieter challenge threatens to slow its momentum: the growing shortage of skilled AI professionals. Behind the buzz of breakthroughs lies a stark reality — companies are racing to adopt AI, but many are leaving their people behind. Recent data shows the skills required for AI-exposed jobs are evolving 66 percent faster than for other roles — a dramatic leap from just 25 percent a year ago. The demand for AI talent is surging in the UK, where the job market is cooling off. Yet, as job postings requiring AI skills continue to climb, this only underscores a critical imbalance felt across the job market. (more…)

Poorly designed and managed workplaces costing the UK over £70 billion a year, report claims

Poorly designed and managed workplaces costing the UK over £70 billion a year, report claims

by • Facilities management, News, Workplace design

A new report suggests that the quality of workplace environments could have a significant impact on the UK’s economic performance.A new report suggests that the quality of workplace environments could have a significant impact on the UK’s economic performance. According to a new report published by facilities management company MITIE, ineffective workspaces may be costing the economy up to £71.4 billion in GDP each year. The study claims to highlight how various physical and environmental workplace factors can affect employee productivity. (more…)

Regional inequalities in the quality of work continue to widen, new report claims

Regional inequalities in the quality of work continue to widen, new report claims

by • News, Wellbeing, Workplace

A new report from the Institute for the Future of Work (IFOW) shows that while employment levels across the UK remain high, the quality of work available to people varies sharply depending on where they liveA new report from the Institute for the Future of Work (IFOW) shows that while employment levels across the UK remain high, the quality of work available to people varies sharply depending on where they live. The 2025 edition of the Good Work Time Series suggests that regional inequalities in job quality are widening. Although people are in work, they are not necessarily in good work, with the study highlighting issues such as low autonomy, poor pay, unsocial hours and limited opportunities for development in many parts of the country. (more…)

Cities must embrace the radical retrofit of buildings to meet future challenges

Cities must embrace the radical retrofit of buildings to meet future challenges

by • News, Property, Workplace design

The Radical Retrofit report by Economist Impact, supported by JLL, argues that making cities more sustainable and resilient will depend on retrofits that improve safety, health and accessibility, while also driving economic valueAs cities continue to grow, the pressure on infrastructure, resources and the environment is intensifying. A new global study warns that urban centres must move beyond new construction and reimagine the buildings they already have. Retrofitting – enhancing and upgrading existing structures -is emerging as a key strategy to cut emissions, improve energy performance and boost urban liveability. The Radical Retrofit report by Economist Impact, supported by JLL, argues that making cities more sustainable and resilient will depend on retrofits that improve safety, health and accessibility, while also driving economic value. Though still in its early stages, the movement is gaining traction across global cities such as Singapore, New York, Paris and Dubai. Yet the pace must accelerate dramatically from today’s retrofit rate of 1 percent per year to at least 3 percent to align with net-zero goals. (more…)

Commercial property growth in regional cities driven by financial services firms

Commercial property growth in regional cities driven by financial services firms

by • News, Property

Commercial property markets in regional UK cities are seeing significant growth as major financial institutions reconfigure their office strategiesCommercial property markets in regional UK cities are seeing significant growth as major financial institutions rethink their office strategies to focus on high-value client interactions in London while relocating support functions elsewhere. New research from JLL suggests that financial services firms have accounted for more than 440,000 square feet of inward investment in office space across Glasgow, Leeds, Bristol, Manchester, Edinburgh and Birmingham over the last decade. This is more than the space acquired by manufacturing (238,822 sq. ft) and service industries (224,813 sq. ft), though still behind technology, media and telecoms (TMT) and flexible workspace sectors. (more…)

Flexible office market in EMEA enters new phase of growth

Flexible office market in EMEA enters new phase of growth

by • News, Property

The flexible office market across Europe, the Middle East and Africa is shifting into a new phase, according to new data from Colliers. The region’s flex workspace footprint grew by more than 348,000 square metres in 2024, despite difficult economic conditions and reduced capital availability. The firm’s Flexpansion: The Architecture of Agility report charts a 4.4 percent year-on-year increase in flexible space across 46 EMEA markets. The total now stands at 8.3 million square metres. (more…)

Workplace AI doesn’t appear to be having a negative effect on wellbeing for now, research suggests

Workplace AI doesn’t appear to be having a negative effect on wellbeing for now, research suggests

by • AI, News, Wellbeing

A new study published in the journal Nature: Scientific Reports offers a cautiously optimistic view of how artificial intelligence is affecting workers’ wellbeingA new study published in the journal Nature: Scientific Reports offers a cautiously optimistic view of how artificial intelligence is affecting workers’ wellbeing. Contrary to common fears, the research finds no clear evidence that AI exposure is harming workers’ mental health or job satisfaction. In some cases, it may even be contributing to small improvements in physical health, particularly among workers without a college degree. (more…)

Study claims that working from home can significantly boost productivity

Study claims that working from home can significantly boost productivity

by • Flexible working, News

A new study of a large Turkish call centre provides fresh evidence that working from home can improve productivity and workforce diversityA new study of a large Turkish call centre provides fresh evidence that working from home can improve productivity and workforce diversity — though in-person onboarding remains crucial to long-term success. The research, conducted by economists from King’s College London, Stanford, the Paris School of Economics and the EBRD, examines Tempo BPO, a Turkish business process outsourcing company that moved fully remote in 2020. The authors include well-known remote work researchers Nick Bloom and Steven Davis, alongside Cevat Giray Aksoy, Victoria Marino, and Cem Ozguzel. (more…)

Government partners with tech firms to boost AI skills of UK workforce

Government partners with tech firms to boost AI skills of UK workforce

by • AI, News

The Government has announced a new initiative aimed at equipping UK workers with the AI skills needed to adapt to the growing impact of artificial intelligence on the workplaceThe Government has announced a new initiative aimed at equipping UK workers with the skills needed to adapt to the growing impact of artificial intelligence on the workplace. The AI Opportunity Forum brings together major technology companies and business groups in a partnership designed to expand access to AI skills training across the country. Led jointly by Technology Secretary Michelle Donelan and Microsoft UK CEO Clare Barclay, the forum includes firms such as Google, Amazon, IBM, and PwC, along with organisations including the CBI and the Trades Union Congress. It will focus on practical ways to help individuals and businesses make the most of AI technologies and ensure the UK’s workforce can adapt to their growing use. (more…)

Government urged to take bold action on shared parental leave

Government urged to take bold action on shared parental leave

by • News, Workplace

Father and son walk on beach showing need for shared parental leaveA new report from the UK Government’s Women and Equalities Committee (WEC) has highlighted a range of issues with the UK’s current parental leave system and urged the government to address them as part of its proposed review. The report, Equality at Work: Paternity and Shared Parental Leave, argues that the existing system requires substantial reform to better reflect the needs of modern families and working parents. It identifies shortcomings such as low statutory pay, limited leave entitlements for fathers and partners, and the complexity of the Shared Parental Leave (SPL) scheme. (more…)

Jobs are getting better, but a quarter of people still think they are bad for their wellbeing

Jobs are getting better, but a quarter of people still think they are bad for their wellbeing

by • News, Wellbeing

Although job quality appears to be on the rise, a quarter of UK workers - an estimated 8.5 million people - say their jobs have a negative impact on their wellbeingAlthough job quality appears to be on the rise, a quarter of UK workers – an estimated 8.5 million people – say their jobs have a negative impact on their mental health (25 percent) or physical health (24 percent), according to the CIPD Good Work Index 2025. The latest poll claims the negative impact of work on wellbeing has remained high for many people for the eight years the survey has been running, despite improvements for some employees on certain areas of job quality. The CIPD Good Work Index, which provides what the troubled trade association claims is the UK’s most in-depth annual survey of job quality, suggests that the strongest factors associated with unhealthy work are excessive workloads, stress, poor relationships with colleagues and the quality of line management. (more…)

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