Search Results for: london

Half of tech workers bracing themselves for layoffs, but fears may be unfounded

Half of tech workers bracing themselves for layoffs, but fears may be unfounded

by • News, Workplace

Tech workers are pre-empting layoffs in 2023 and taking steps to protect their careers, but their fears may be unfounded, says a new reportTech workers are pre-empting layoffs in 2023 and taking steps to protect their careers, according to a new poll from CWJobs. The survey – carried out among 2,000 UK tech workers – revealed more than half (53 percent) are pre-emptively applying for new jobs in case of redundancies at their firm. The research suggests that London tech workers feel at most risk, with nearly two thirds (63 percent) pre-emptively applying for a new job in case of layoffs – the highest out of any region. Young people are also more likely to make sure they have a Plan B in place, with 62 percent of 18-24-year-old tech workers actively applying for new jobs in case they are laid off, compared to 24 percent of those aged 55+. More →

Commercial property values and returns fell significantly in 2022

Commercial property values and returns fell significantly in 2022

by • News, Property

London and UK commercial propertyUK commercial property capital values decreased significantly in 2022, and annual total returns were also down, according to the latest CBRE Monthly Index. Capital values decreased 3.0 percent across all UK commercial property in December 2022. Rental value growth for the month was 0.2 percent and total returns were -2.6 percent. For 2022 as a whole, capital values fell 13.3 percent, and annual total returns were -9.1 percent, according to the report. More →

Three quarters of flexible office operators eye expansion and landlords want a piece of the action

Three quarters of flexible office operators eye expansion and landlords want a piece of the action

by • Flexible working, News, Property

Instant Group flexible officeAround three quarters of flexible office operators globally are looking to expand – primarily in city centres – while 64 percent of landlords want to deliver flexible office solutions, according to The Instant Group’s Future of Flex 2022 flexible office survey. The Instant Group’s annual flexible workspace survey, which is based on providers representing more than 3,700 locations across the globe, also delves into changing occupier motivations within the industry, and how both operators and landlords are reacting to these demands. More →

New study claims people who can work remotely come into the office for less than two days a week

New study claims people who can work remotely come into the office for less than two days a week

by • Facilities management, Flexible working, News, Workplace design

A global study of 220 offices in 33 countries, representing nearly 250,000 employees, has revealed that hybrid working is becoming established as the norm for those who can work remotely. Those people now come into the office an average of just 1.5 days a week, versus nearly four days a week before the Covid-19 pandemic. AWA’s second Hybrid Working Index study, conducted between September and November this year, found that on average people go into the office 29 percent of the time. Among employers surveyed in both the first study, in the summer, and this one, attendance was steady at around 25 percent. More →

BW showcases new Design and Build service

BW showcases new Design and Build service

by • Company news, Workplace design, Works Magazine

BW design and Build serviceBW: Workplace Experts has added to its expertise in fit out with a new design and build (D&B) service. BW Design and Build extends the company’s service portfolio, encompassing a pool of resources that are now able to design and deliver from within. This forms part of the firm’s commitment to ongoing and dynamic investment in supporting future client relationships. It is also in line with BW’s three layers: Innovation, Diversity and Net Zero, launched last year as part of its Purpose Report. More →

Lambeth plans major expansion in sustainable office space

Lambeth plans major expansion in sustainable office space

by • Company news, Environment, Property

Lambeth plans major investment in sustainable office developmentsLambeth is set for London’s biggest increase in sustainable office space over the next decade with an estimated six million square feet of extra space for business set to be created. A report commissioned by Lambeth Council details this expansion, how it supports the borough’s growth priorities and delivers space fit for the future of work. The report ‘Lambeth: The Future of Sustainable Work’ sets out how expansion supports the council’s bold ambitions to foster well-paid jobs in growth sectors for the borough’s young people, to achieve its Net Zero by 2030 outcome and to create an environment for local entrepreneurs to flourish. More →

Poor indoor air quality is a threat to health, say people coming into the office

Poor indoor air quality is a threat to health, say people coming into the office

by • Facilities management, News, Wellbeing, Workplace design

An image of the windows at the famous dancing house to illustrate the importance of ventilation and indoor air qualityA new poll claims that ‘hybrid employees’ in the UK are worried about how healthy their work environments are as we approach the winter season, with 53 percent saying they’re concerned poor air quality and ventilation will impact their general health, rising to 70 percent amongst London-based hybrid workers. The survey of 2,000 UK people by OnePoll, on behalf of Infogrid, claims that hybrid workers are facing a Catch-22 moment as we enter the colder months; balancing worries over the cost of working from home with concerns about their own wellbeing in the office as a result of poor indoor air quality. More →

Office sector net zero targets require significant shift in thinking

Office sector net zero targets require significant shift in thinking

by • Environment, Facilities management, News, Property

An image of the Earth from space to illustrate what is at stake for the office sector, which is one of the main contributors to carbon emissionsA new report, Delivering Net Zero Carbon in the Workplace [BCO members only] produced by University College London Consultants (UCLC) for the British Council for Offices (BCO), claims to identify the barriers that businesses are facing as they strive to drastically reduce the carbon footprint of their offices. The report, informed by over 100 office occupiers and building professionals, outlines the measures that those working in the office sector can take to overcome these barriers at what the report suggests is low or zero cost. More →

Employees avoid telling employers about less visible disabilities

Employees avoid telling employers about less visible disabilities

by • News, Wellbeing

The silhouette of a group of four people in an office window overlooking LondonTwo in five (43 percent) employees with a less visible disability haven’t disclosed it to their employer, according to a new poll.  The research from healthcare provider Bupa claims that not wanting to ‘cause a fuss’ (30 percent) or be treated differently (25 percent) were the key reasons for keeping their condition to themselves. Nearly a quarter of those affected (23 percent) haven’t told their employer about their condition due to worries that they wouldn’t be believed, while one in five (20 percent) expressed concerns that their disability might impact their career opportunities. More →

Lease cycle means West End office market will ‘reset’ by 2025

Lease cycle means West End office market will ‘reset’ by 2025

by • News, Property

An ancient snakes and ladders game board to depict the vicissitudes of the office market in LondonA BNP Paribas Real Estate analysis claims that London’s West End office market is on course to ‘reset’ by 2025 following a major leasing event cycle commencing in 2023, which will see a flurry of renewals, expiries and break clauses executed by both landlord and tenant, which will alter the market as we know it by the milestone year.  According to the firm’s own West End data, 40 percent of the market will have a lease event in 2023 and 2024, with equally large volumes to follow in the two subsequent years. This freedom of tenant movement coupled with a restricted supply line, could drive rents on prime buildings from their current 2022 position of £140 sq ft to £200 sq ft in 2023 and £250 sq ft in 2024, and further into 2025 where the initial cycle ends. More →

Business owners lose sleep over impact of mental health on their business, but don’t act

Business owners lose sleep over impact of mental health on their business, but don’t act

by • News, Wellbeing

An illustration of the insides of people's head to depict poor mental health A new poll claims that the majority of business leaders say that mental health support isn’t available for their employees or isn’t utilised enough, despite acknowledging how poor mental health impacts business performance. The survey was conducted by GoProposal and is based on 750 small business owners in the UK. It claims that over half of businesses (55 percent) either have no mental health support in place for their employees or have support processes that aren’t used enough. More →

TRILUX energy efficient lighting proves fit for the flexible, inclusive workplace of the future

TRILUX energy efficient lighting proves fit for the flexible, inclusive workplace of the future

by • Company news, Lighting, Workplace design

The reception area of the new TRILUX installation for JLLA new installation at 20 Water Street in London allows a world leading, real estate services company to create a user-friendly, innovative workspace. The impressive downlight range from TRILUX opened the door to a complementary, tech-smart sustainable workplace lighting scheme – fit for the future of work.  Global real estate advisor JLL’s new Canary Wharf office is in one of the most sustainable buildings in the UK. It recently relocated some of its London-based teams to the second and third floors at 20 Water Street, Wood Wharf. The move is part of its commitment to shaping the workplace for its employees, providing a flexible and inclusive work environment underpinned by a sustainable and technologically advanced workplace that boasts excellent connectivity and amenities. More →

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