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Gateway cities spearheading a global commercial property revival

Gateway cities spearheading a global commercial property revival 0

Commercial Property LondonInvestment in commercial property is at its highest level worldwide since the 2008 downturn, according to a new report from Cushman & Wakefield. The firm’s annual Winning in Growth Cities report claims that global investment levels increased by 16 percent in the year to June 2015 to stand at US$942.8 billion. The report suggests that global volumes will rise 17 percent over the next twelve months to hit a new record high of $1.1 trillion. Growth will be led again by markets in North America and Europe with patchy levels of investment worldwide. This has already led to the world’s top 25 ‘gateway cities’ in terms of investment increase their market share from 51 percent to 53 percent with cities like New York remaining attractive locations for foreign investors.London was the second largest market overall but top for foreign investors, while Tokyo, Los Angeles and San Francisco made up the rest of the top five.

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How workplace design is more closely reflecting how we actually work

How workplace design is more closely reflecting how we actually work 0

workplace design and how we workIn years gone by, a ‘one size fits all’ approach to office design might have been the norm, but as the decades have progressed, so too have the options available to businesses designing ‘homes from home’ for their office-based workforces. As new interpretations of the office environment proliferated, so the open plan model came to into being and eventually evolved into the default office design model. This initially brought greater variety than ever before but, ultimately, a one size fits all mentality in workplace design ultimately prevailed – every worker was expected to work in certain ways, utilising the equipment and furniture supplied and designed for them. From inception through to occupancy, the average new office involves a six-year period of design and construction involving varying teams of people discussing the best and most attractive solution for the actual end user.

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How biodynamic lighting stimulates sense and performance at work

How biodynamic lighting stimulates sense and performance at work 0

lavigo-pulse-vtl-b1-tagesverlauf-1-bBiodynamic lighting is an artificial light source that replicates the dynamic variations of daylight and sunlight through a light management system. Up until recent times, it was commonly believed that light was only needed for seeing. However, in 2001, an American scientist, G. C. Brainard discovered a circadian photoreceptor in the retina, which receives a specific quality and quantity of light, and sets the biological clock.* He discovered that light not only provides us with the ability to see, but that light enters the eye via the ‘fourth pathway’, which has a vital non-visual or biological effect on the human body. His studies showed that a certain quantity and quality of light stimulates the biological clock, also known as the circadian rhythm, which regulates hormone levels, particularly melatonin and cortisone, in the body and so plays a vital role in our physical and mental wellbeing.

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Civic centre named best workplace in the UK by the BCO

Civic centre named best workplace in the UK by the BCO 0

Building: Keynsham Council Offices Location: Keynsham Architect: AHR

Keynsham Civic Centre & One Stop Shop in Keynsham, near Bath, has been named the Best of the Best workplace in the country at the British Council for Offices’ (BCO) annual Awards. The office was recognised as the Best Corporate Workplace in the UK, topping a list of six other award winners recognised for excellence in office space. The building provides an environmentally sustainable, low maintenance and flexible workspace, whilst acting as a catalyst for the regeneration of the town. As a workplace for the local council, the judges praised the building’s impressive use of natural light to create an ‘uplifting workspace’ as well as the design of the office floors which lend themselves toward flexibility and encourage collaborative working. The team behind the building was also commended for conducting a thorough and impressive stakeholder engagement process, from the inception of the project through to completion.

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Technology and Trends 15 events offer vision of the future of work

Technology and Trends 15 events offer vision of the future of work 0

TechAndTrendsA series of executive briefings taking place next week in Central London offers you the chance to learn about the next generation of technologies and their impact on the workplace, working practices and office design. Insight readers can enjoy a 15 percent discount by using this link. Tickets are going fast with some sessions already sold out, so we’d encourage you to book as soon as possible. Technology & Trends 2015 offers an expert analysis on new technologies such as the Internet of Things, Bluetooth Low Energy, iBeacons, smart buildings, wayfinding apps and collaboration tools such as  Skype for Business and Surface Hub. Aimed at facilities managers, corporate real estate managers, architects and designers, IT managers and HR professionals, the event takes place at Herman Miller’s National Design Centre. Full details  of the event can be found here.

Why Jeremy Hunt is wrong about the need to work long hours

Why Jeremy Hunt is wrong about the need to work long hours 0

Long-hoursThis week the UK’s Health Secretary found himself at the centre of a storm because of some comments he’d made suggesting that eroding one of the UK’s welfare platforms would encourage people to work as hard as the ‘Chinese and Americans’. Most of the backlash against these comments was political, so make your own mind up on that score, but they don’t stack up from a practical point of view either. The British already work some of the longest hours in Europe so encouraging people to work more will do little or nothing to resolve the productivity puzzle, as a 2014 report from the Bank of England confirms. Of course, we should all have worked out by now that long hours and productivity are not the same thing. It’s been a longstanding issue in the UK where people manage to combine some of the longest working hours in Europe with levels of productivity that fall habitually behind those of our partners on the mainland.

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Commercial property markets in world cities are evolving rapidly

Commercial property markets in world cities are evolving rapidly 0

Commercial property in the world's citiesThe commercial property markets in the world’s major cities are evolving against a backdrop of ongoing economic and political uncertainty, according to the new 12 Cities Report from Savills. The authors suggest that the main consequence of this since 2008 has been for investors to switch their focus from paper assets to property. This in turn has led to a number of developments in local commercial property markets including global investors looking for alternatives to the major cities within key national economies. One of the key developments is that major tech firms are now willing to spend as much on their real estate as the previously dominant financial giants. One other interesting issue raised in the report is the growing inability of people to afford to live and work in the same place, especially in cities with restrictions on the amount of space available for development.

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For once and for all, please stop with this ‘death of the office’ stuff

For once and for all, please stop with this ‘death of the office’ stuff 0

04-0000201I was involved in a meeting with an office fit-out company this week which involved a discussion of how their clients can develop misconceptions about the extent to which their contemporaries are introducing new office design and management models based on agile working, shared space, mobile technology and all that other good stuff. This presents a particular challenge for firms in the sector because their day to day experiences of what clients talk about and ask from them can be pretty removed from the things talked about in the media. If you were to judge the state of the office solely on the basis of what you read and hear and see at shows, it would be easy to conclude that the office is indeed dying and dragging down with it the markets for office furniture, commercial property and traditional technology. The problem is that the facts don’t support that notion at all.

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A review of the CIFF office design show 2015 in Shanghai

A review of the CIFF office design show 2015 in Shanghai 0

CIFF office designShanghai’s population is reported to be in the region of twenty six million, more than double that of London, and the city continues to creep outwards inexorably, attracting even greater numbers. For the casual visitor however, its vast size does somehow seem to be manageable, just. The traffic is very heavy of course, but it does move, albeit slowly. There are few commercial vehicles on the city’s roads during the day and, in an effort to control the rampant pollution, almost all of the private cars and scooters are either electric or hybrids. This means that there is an eerie near-silence from the massive volume of traffic, interrupted only by the occasional police siren or outbreak of hooting from an impatient motorist. After dark, on poorly-lit streets, pedestrians are at real risk of getting run over by the silent cars or scooters that rarely use their lights – an economy measure?

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More people are working from home, but they can end up feeling lonely

More people are working from home, but they can end up feeling lonely 0

RoneryMore and more British workers are working remotely, from home and other locations, but they are growing increasingly disconnected from their colleagues. Those are the findings of two studies into new ways of working conducted independently by Plantronics and Regus. According to the Plantronics survey of 2,500 staff, flexible working was given another boost over this Summer in response to the (intermittent) good weather and industrial action by London public transport staff. During August, more than half (55 percent) of the workforce chose to work from home or remotely more convenient to them, the audio communications firm’s study found. On the flipside,  the survey of 4,000 workers by serviced office provider Regus claims that almost two-thirds of employees who work from home miss mixing with colleagues and can feel lonely as a result.

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Nearly half of UK workers complain of wasted time in office meetings

Nearly half of UK workers complain of wasted time in office meetings 0

Boring meetingsIf you’ve sat through meetings where half the participants pay more attention to their phone than the people in the room you’re not alone. A recent YouGov study commissioned by arvato UK found an ‘always on’ culture and raft of distractions at people’s fingertips mean an average 33 percent of workers confess to checking personal emails, social media or sending personal SMS messages during meetings. An astounding six percent of workers find it such a struggle to stay focused they even take naps during meetings. And despite new technology causing a distraction, old technology also plays a role in meeting efficiency, with almost half of workers (45 percent) experiencing delays and interruptions due to IT issues. A lack of discipline and poor adherence to best practice processes is another challenge, with 43 percent of UK employees regularly experiencing meetings that start late or overrun.

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Commission welcomes appointment of new diversity champions

Commission welcomes appointment of new diversity champions 0

Diversity in the workplaceThe Equality and Human Rights Commission has welcomed the announcement of four new Whitehall diversity champions to help the Civil Service become more representative of modern Britain. In a National Audit Office report earlier this year, the NAO said that although Whitehall had made some progress on promoting diversity, it needed to place greater emphasis on departments’ valuing and maximising the contribution of every member of their staff. The report by the watchdog also concluded that the Cabinet Office was not using the data it holds on staff to manage workforce changes and hold departments to account. The new advisers, who include Paralympic swimming hero Chris Holmes, Director of Paralympic Integration for London 2012, will work to challenge policies and advise ministers and Civil Service leaders on increasing the numbers of people in the workforce from under-represented groups.

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