Search Results for: hybrid

Commercial property market should be more optimistic, but it still needs to change

Commercial property market should be more optimistic, but it still needs to change

by • News, Property

JLL’s latest Future of Work Survey claims to reveal new opportunities for the commercial property sector as two-thirds of business leaders expect their CRE budget to riseJLL’s latest Future of Work Survey claims to reveal new opportunities for the commercial property sector as two-thirds of business leaders expect their CRE budget to rise between now and 2030. Despite challenges in the commercial real estate sector and bumpy economic conditions, global business leaders are optimistic about the future, with two-thirds (65 percent) expecting their CRE budgets to increase by 2030, according to the poll. This survey sets out to explore the evolving nature of work, assessing the key priorities, challenges, and strategies for more than 2,300 business and CRE decision-makers. (more…)

US law firms make up two thirds of global law firm office leasing activity

US law firms make up two thirds of global law firm office leasing activity

by • News, Property

Together, US cities accounted for 69 percent of overall H1 law firm office leasing activity in the world’s largest legal marketsNew York accounted for a third of all leasing activity globally in the legal sector in the first half of 2024, says Savills, equating to over 1.4 million sq ft of space, out of a total of 4.3 million sq ft across the world’s 15 largest legal markets, reflecting its position as the world’s principal legal hub. Together, US cities accounted for 69 percent of overall H1 law firm office leasing activity in the world’s largest legal markets, reflecting the dominance of American firms in the sector overall, as well as the tendency for US legal offices to have a lower occupancy density and thereby requiring more space, according to Savills. (more…)

Working from home prevalent across Northern Europe, but has no effect on productivity

Working from home prevalent across Northern Europe, but has no effect on productivity

by • Flexible working, News, Property

 

Working from home has become a permanent feature of the European workforce, with notable variations across different regions and citiesA new research briefing from Oxford Economics claims to highlight the sustained prevalence of working from home in Europe, particularly in northern cities, and examines its impact on office real estate markets. According to the briefing, which analyses data through 2023, working from home has become a permanent feature of the European workforce, with notable variations across different regions and cities. (more…)

How can companies address the skills gap and ongoing talent shortage in their industry?

How can companies address the skills gap and ongoing talent shortage in their industry?

by • Company news

 

Employers can, however, take proactive measures to address these problems and thrive by implementing smart solutions and adopting innovative tactics like Employer of Record (EOR) services to acquire top talent and bridge the skills gapThe modern business landscape is facing a significant challenge: a growing skills gap and a persistent talent shortage across various industries. Companies are finding it difficult to find qualified candidates with the necessary skills to fill important roles as technology changes quickly and job requirements change. This talent shortage may hinder general productivity, growth, and innovation. Employers can, however, take proactive measures to address these problems and thrive by implementing smart solutions and adopting innovative tactics like Employer of Record (EOR) services to acquire top talent. (more…)

Remote work is holding back innovation, study claims

Remote work is holding back innovation, study claims

by • Flexible working, News, Wellbeing

Remote work and 'hybrid working' models may greatly enhance employees' work-life balance, but new research suggests they might also be stifling innovationRemote work and ‘hybrid working’ models may greatly enhance employees’ work-life balance, but new research suggests they might also be stifling innovation. The study, led by economists from the University of Essex and the University of Chicago found that employees who worked in a hybrid model were less likely to come up with innovative ideas compared to their colleagues who always worked in the office. Additionally, employees working entirely from home tended to produce lower quality ideas than those who consistently worked in the office. (more…)

Challenging the concept of work-life balance as we know it

Challenging the concept of work-life balance as we know it

by • Comment, Wellbeing

Rather than encouraging people to aim for the mythical work-life balance, why not support them to experiment with opportunities?The notion of work-life balance has been talked about for decades with the underlying claim that if you achieve it, everything will be perfect. In post-Covid workplaces, hybrid working is becoming the norm and promises of flexibility and yoga on a Thursday lunchtime adorn recruitment adverts. From a distance, it would be easy to think we’ve now nailed the work-life balance challenge. Yet hybrid working hasn’t waved a magic wand and many people struggling feel more like a circus performer, juggling with different-sized objects with sharp corners, whilst riding a unicycle, than they do a calm and collected master balancer. (more…)

People and firms are shifting away from remote work, survey suggests

People and firms are shifting away from remote work, survey suggests

by • Flexible working, News

One of the most prominent findings from the report is the pronounced decline in both the practice and preference for remote workThere has been a recent significant shift in working habits and preferences among employees in the post-pandemic landscape, according to the fourth Commuter Census from Mobilityways. One of the most prominent findings from the report is the pronounced decline in both the practice of and preference for remote work. The survey of 10,325 participants suggests that 40 percent of people no longer engage in any form of remote work, despite a mere 15 percent of employees expressing a preference for this arrangement.  Only 26 percent of respondents would consider working from home as an alternative to their current commuting routine, marking a significant 42 percent drop from the previous year. (more…)

Accelerating the rise of the adaptable office

Accelerating the rise of the adaptable office

by • Company news, Workplace design

The growth of the adaptable office is one of the most obvious responses to the growing appetite for flexible working and agile property strategiesThe introduction of the Flexible Working Act is another sign that the concept of the ‘workplace’ has undergone a significant transformation. These shifts in work patterns, office usage and approach are all having dramatic knock-on impacts when it comes to the future of the physical infrastructure of the nation’s office environments, and the investor communities behind them. The growth of the adaptable office is one of the most obvious responses to the growing appetite for flexible working and agile property strategies. (more…)

Book review: Workspace Made Easy

Book review: Workspace Made Easy

by • Comment, Facilities management, Property, Workplace design

Workspace Made Easy by Kursty Groves and Neil Usher offers a step-by- step-guide through the complexities of creating and implement a workplace strategy from first principles through to occupying a space and changing it over timeThere’s a dog-eared, yellowing paperback on my bookshelf called Understanding Offices. Written by Joanna Eley and Alexi Marmot, it dates from 1995. It is a handbook for everybody who needed to know how to develop a workplace strategy during the infant phase of the digital and cultural revolution of the late 20th Century. I used to refer to it all the time, but now it serves mainly as a reminder of how much has changed over the past thirty years, and also how little. (more…)

HSBC Headquarters in Canary Wharf to undergo major transformation

HSBC Headquarters in Canary Wharf to undergo major transformation

by • News, Property

This morning, the Canary Wharf Group (CWG) announced plans to reimagine the iconic buildingIn a significant redevelopment move, 8 Canada Square, currently the headquarters of HSBC, is set to be transformed into a modern multi-use skyscraper once the bank vacates its Canary Wharf location in 2027. The global banking giant will relocate to the Square Mile as part of a company refresh, prompting an overhaul of its existing headquarters. This morning, the Canary Wharf Group (CWG) announced plans to reimagine the iconic building into a state-of-the-art space encompassing workspaces, leisure, entertainment, and educational facilities. The building is wholly owned by the Qatari sovereign wealth fund (QIA), with CWG serving as the development partner. (more…)

Connection through design: The role of office designers in fostering workplace ties

Connection through design: The role of office designers in fostering workplace ties

by • Comment, Workplace design

For office designers creating spaces that foster rich, interpersonal connections between colleagues both in-person and remote is essential.For office designers creating spaces that foster rich, interpersonal connections between colleagues both in-person and remote is essential. Design with Impact is a philosophy that can help workplaces prepare to host these meaningful interactions, cultivating a shared sense of purpose among employees. There are many ways that people connect with spaces and within spaces. Physical connection is the most fundamental, and perhaps most obvious type of workplace connection. In-person interaction allows for immediate communication, the ability to read body language, and some would argue, a more meaningful connection than any relationship that can be built over video call. (more…)

Want a creative workplace? Make life difficult and chaotic for yourself

Want a creative workplace? Make life difficult and chaotic for yourself

by • Comment, Workplace

The best time to launch a magazine about people, technology, work and the creative workplace was not March 2020. We did it anywayWe launched IN Magazine officially on the 4th of March 2020. So, this month marks some sort of anniversary. You could argue that this was the worst day in the history of mankind to launch a new magazine about people, work and workplaces and you’d probably be right. People were already not shaking hands. They had begun deserting public transport and planning for less contact with each other. Lockdown was only a couple of weeks away. (more…)

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