Search Results for: london

February 6, 2025

Demand for high quality office space continues to grow worldwide, and so do its costs

by Neil Franklin • News, Property, Workplace design

Rents for prime office space across the globe rose by 0.3 percent and fit out costs by 0.2 percent in the final quarter of 2024, says Savills, as demand for top quality office space continues to grow in many markets around the world. According to Savills in its latest quarterly Prime Office Costs report, in the fourth quarter of last year, average net effective costs rose slightly, by 0.1 percent, continuing a moderate upwards trend of 1.9 percent over 2024. London (West End), Hong Kong, and New York (Midtown) remain the top three locations in terms of costs of the 35 markets Savills examines. (more…)

February 4, 2025

Take up of flexible office space hits highest levels since 2019

by Neil Franklin • News, Property

Research from Savills and its specialist firm Workthere claims that take-up of flexible office space from operators across the UK reached just over 1.06 million sq ft in 2024, which is the highest level since 2019 and 12 percent above the total reached in 2023. In line with this growth, Workthere suggests that transaction levels were also up 35 percent, despite a moderate drop in enquiries by 12 percent from a 2023 peak (based on a 2022 index). There were also positive signs in the make up of demand with Workthere reporting a 7 percent increase in the number of businesses entering a new market and a 33 percent increase from businesses outgoing their current space. (more…)

January 29, 2025

Furniture Makers to hold next sustainability event focussed on material choices

by Freddie Steele • Environment, Furniture, News

The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, is hosting its next sustainability event focussed on examining some of the established and widely used materials in the furniture and furnishings sector. The seminar, which is sponsored by the Furniture Industry Sustainability Programme (FISP), Ocee & Four Design, Panaz and Satra Technology, will be held on Tuesday 4 March at Furniture Makers’ Hall, London. Organised by The Furniture Makers’ Company’s Climate Change and Sustainability Committee, the event will include presentations on foam, fabrics, textiles, leather and wood. In addition, new materials will be discussed and the necessary investigations in relation to recycled content, future recyclability and other implications. (more…)

January 29, 2025

Demand for commercial property investment jumped in last quarter

by Marvin Gort • News, Property

There has been a significant surge in demand for commercial property investment, reflecting a marked recovery in the sector, according to a new report from Rightmove. The platform attributes this rise to recent interest rate reductions by the Bank of England, which have made investment opportunities more affordable and appealing. Rightmove’s Quarterly Commercial Insights Tracker, which monitors supply and demand trends among the UK’s largest commercial property audience, revealed that overall demand for commercial property investment increased by 28 percent year-on-year in the final quarter of 2024. The office market also witnessed a notable increase, with demand for office space investment climbing by 57 percent year-on-year. (more…)

January 21, 2025

People say they are more distracted by online meetings than those carried out in person

by Neil Franklin • News, Workplace

A new poll conducted by the London conference and events venue, The QEII Centre, claims that the economic value of distraction during meetings has risen to an estimated £20.7 billion per year, partly as a result of the shift to online meetings. Based on a survey of over 1,000 UK desk-based workers, the research set out in the new report builds on findings from The QEII Centre’s inaugural 2023 Distracted Economy report. It claims that the cost of distraction in online and face-to-face meetings and events has increased from £19.9 billion in 2023 to £20.7 billion. In The QEII Centre’s latest Distracted Economy report, 80 percent of desk-based workers admit to losing concentration during meetings. Just over half (55 percent) say they are more likely to be distracted in online meetings compared to 16 percent for in-person meetings and 27 percent who find both equally distracting. (more…)

January 20, 2025

Step into the Future: The Future of Work Experience Lounge at EXE 2025

by Freddie Steele • Company news

The way we work is changing faster than ever, and with it comes new challenges for HR professionals. Hybrid work, employee well, being, and fostering meaningful connections are top priorities, but how do we create spaces that deliver on all of this? The answer lies in reimagining the workplace as a vibrant ecosystem where collaboration, creativity, and well, being take centre stage. At EXE 2025, we’re bringing this vision to life in the most exciting way imaginable. Welcome to the Future of Work Experience Lounge, a space that isn’t just about work, but about how work feels. It is where connection meets innovation and focus meets flow. Created for HR leaders, employee experience experts, and people, first organisations, this lounge isn’t just another feature of the event, it’s the reason you’ll want to be there. (more…)

January 10, 2025

The Sustainable Design Forum returns

by Freddie Steele • Environment, News, Workplace design

The Sustainable Design Forum – a one-day interactive event designed specifically for workplace designers and specifiers – is returning to the Crypt on the Green in Clerkenwell, London for its third year on Thursday 25th April 2025. With a focus on ‘People and Planet’, this year’s event has been expanded to include additional workplace topics. (more…)

January 7, 2025

Here’s how to support neurodivergent employees at work

by Stephanie Clarke • Comment, Wellbeing, Workplace

Businesses have much to gain from neurodivergent employees. According to a recent Deloitte report “teams with neurodivergent professionals in some roles can be 30 percent more productive than those without them”. Benefits of neurodivergent individuals to the workplace – according to the CIPD, range from “problem-solving, to creative insights and visual spatial thinking.” (more…)

January 3, 2025

Lack of space continues to hold back a ‘return to office’

by Marvin Gort • News, Property, Workplace design

Workers are resisting the so-called return to office due to a lack of desk space, following widespread reductions by companies in the wake of Covid. A fifth of workers cited a shortage of desks and facilities among their top three reasons for avoiding the office, according to a survey by real estate consultancy Remit Consulting. The firm claims that businesses may have scaled back desk numbers too aggressively after the pandemic spurred a rise in home working. (more…)

December 19, 2024

Workspace Design Show reveals first names for must-visit talks programme

by Freddie Steele • Company news, Workplace design

Now a firm fixture on the design event calendar, Workspace Design Show has revealed the first raft of names who will make up its speaker programme for the upcoming edition in February 2025. Once again bringing the commercial interior design industry’s most inspiring and creative leaders together, the Workspace Design Talks programme features senior figures from architecture and design such as Alessandro Ranaldi, Partner, Head of Workplace Consultancy, Foster + Partners; Helen Berresford, Head of ID:SR at Sheppard Robson and Adrienne Lau, Senior Associate, Heatherwick Studio, Cristiano Testi, Principal Director, tp bennett, and Angela Bardino, Senior Associate Director – Interiors, Jacobs. (more…)

December 17, 2024

How Charles Handy changed the way we speak about the workplace

by Mark Eltringham • Comment, Facilities management

Originally published in 2019. There are writers whose language pervades our discourse so extensively that even those who have never heard of them will echo not only their sentiments but also their means of expression. One of these people is Charles Handy, who has just published his latest book 21 Letters on Life and its Challenges at the age of 87. His work resonates to this day and not least because he was so far ahead of the curve in detailing many of the characteristics of modern organisations and the challenges created for everybody by the changing nature of work and business. (more…)

November 26, 2024

CIPD welcomes government’s ‘Get Britain Working’ strategy

by Marvin Gort • News, Workplace

The Chartered Institute of Personnel and Development (CIPD) has expressed support for the UK Government’s ‘Get Britain Working’ initiative, which aims to tackle economic inactivity and promote greater inclusion within the workforce. However, the CIPD has urged the government to take more ambitious steps to elevate the status of apprenticeships and strengthen partnerships between employers and Jobcentres. (more…)