Search Results for: london

January 31, 2019

Political uncertainty continues to hold back UK commercial property market

The Q4 2018 RICS UK Commercial Property Market Survey results continue to display mixed fortunes with changing shopping habits and uncertainty around politics remaining strong influences. The retail sector, with declines driven by the structural shifts in consumer preferences, is in stark contrast to the strong performance of the industrial sector over the quarter. In Q4 all-sector occupier demand declined for the third consecutive quarter, as the net balance moved down to -13% from -9% previously. The headline reading continues to be weighed down by declines in demand across the retail sector (net balance -58%), although the Q4 results also point to a slight decline in demand for office space (net balance -9%). At the same time, demand continued to rise in the industrial sector, with a net balance of +21% of respondents noting an increase in demand over the period.

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January 29, 2019

Northern English cities bear brunt of government spending cuts

by Mark Eltringham • Cities, News

The UK’s cities, and especially those in the North of England have borne nearly three-quarters (74 percent) of all real-terms local government funding cuts in the last decade despite being home to just 54 percent of the population, according to Centre for Cities’ annual Cities Outlook 2019 report – the Centre’s annual health check on UK city economies. This is equivalent to a reduction of £386 per city dweller since 2009/10, compared to £172 per person living elsewhere. Cities Outlook 2019 reveals a clear geographical divide in where cuts to cities have fallen, with the top five worst affected cities all located in the North of England.

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January 25, 2019

The state of the workplace right now? Everywhere and nowhere, baby ⁰

by Paul Carder • Comment, Facilities management, Features, Premium Content, Property, Workplace design

My trade is to ask questions about the workplace then make sense of the answers. That has been a particular challenge with the question, ‘what are offices today?’ What seems clear is that the various actors in the workplace ecosystem look at offices through very different eyes. Urban planning and development professionals still view offices as a distinct category of real estate and most real estate professionals view offices in terms of the delivery of floor space. Some things have changed,however. For some time, the hybrid economy of serviced offices has turned the product into a service. But, in many cases this has simply made the leasing of space simpler and more flexible.

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January 25, 2019

People who experience early redundancy have poor health in later life

by Mark Eltringham • News, Wellbeing

People who involuntarily lose their job early in their career have poorer health in later life, according to new findings from the University of Kent in the UK and the University of Bamberg in Germany. Researchers, including Dr Olena Nizalova from the Centre for Health Service Studies (CHSS) within the School of Social Policy, Sociology and Social Research (SSPSSR) at Kent, set out to establish what the long-term implications of enforced unemployment are on individuals over the course of their life, particularly in later life.

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January 24, 2019

Australian designers are fundamentally reshaping workplaces around the world

by Bronte Turner • Comment, Workplace design

Earlier this year, the QS World University Rankings revealed that the University of Melbourne, the University of Sydney and the University of New South Wales are better places to study architecture and the built environment than some Ivy League universities. The Asia-Pacific region accounted for eight of the top 20 architecture schools from the region. As a result, there’s an incredible pool of talent coming from Australia and entering the global market.

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January 23, 2019

Landsec becomes latest major property firm to offer coworking space

by Mark Eltringham • Company news, Coworking, Property

Landsec has launched its new flexible office brand, Myo, which it claims will provide customised office space for businesses looking for flexibility to enable future growth from April of this year. Coworking in other words. The move is the latest example of a major commercial property firm entering the market for flexible offices and coworking space in the wake of its recent boom. Myo will operate as a standalone brand, offers flexible leases ranging from 12 months to three years for businesses that need space for between 15 and 80 people.

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January 20, 2019

Shortlist for Business Book Awards features more on workplace and wellbeing than ever before

by Neil Franklin • News, Wellbeing, Workplace

This year’s shortlist for the Business Booko Awards features more books than ever on wellbeing and happiness in the workplace as well as career self-development, company culture and business ethics. A record number of women authors have also made the shortlist. (more…)

January 20, 2019

Nomura and Adidas named among healthiest workplaces in Britain

by Neil Franklin • Company news, Wellbeing

Nomura International Plc, Adidas UK and Wellness International Ltd have been named, by Vitality’s Britain’s Healthiest Workplace study, as the healthiest workplaces in Britain. The bank, sports apparel company and leading health and wellbeing provider were awarded first place in the large, medium and small-sized company divisions, respectively, at the awards that took place at BAFTA in London. This is the sixth year in a row that Adidas UK have earned first place in their category, the fourth time Nomura have picked up the award, and the first time Wellness International Ltd has entered since the survey began in 2012.

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January 18, 2019

Regional office occupier markets enjoyed record breaking level of take-up in 2018

by Sara Bean • Cities, Facilities management, News, Property

There was a record-breaking rate of take-up within the regional office occupier markets outside of London and the South East in 2018, with few signs of Brexit-related uncertainty, according to an analysis by CBRE. Across the ten regional cities monitored by CBRE, provisional analysis shows that overall take-up reached nearly 7.3m sq ft. This level was 16 percent above the five-year average and 6 percent higher than 2017, the previous record-breaking year. The majority of regional office demand has again been driven by the business and professional services sectors. 2018 saw record take-up from flexible office operators across the UK, representing the leading portion of business services take-up. This was the year the co-working revolution surged into regional cities. Birmingham, Bristol and Glasgow were all stand out expansion locations. With more demand from flexible workspace operators – both from established and new entrants, further expansion is anticipated in 2019 albeit at a further pace as markets become more saturated.

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January 17, 2019

Demand for office space in Edinburgh city centre augmented by a lack of supply

by Sara Bean • Cities, Facilities management, News, Property

An acute lack of supply in Edinburgh’s city centre will push up office rents to over £35 per sq ft in 2019 according to the latest estimates by Savills, which suggests that rental increases and lack of supply may cause certain organisations to consider opportunities on the city’s western periphery. The latest research from the firm shows office take-up in Edinburgh in 2018 totalled 950,000 sq ft – 18 percent ahead of the 10-year annual average – as the city continues to see robust levels of demand from across a number of key sectors and a continued focus amongst occupiers on the city centre. However, despite strong occupier demand, there was a decline in office take-up in 2018, compared to 2017 (1.04 million sq ft) which the firm attributes to a lack of good quality, city centre office supply. Edinburgh’s city centre office availability has been reducing since 2012 and take-up activity during 2018 has seen the majority of new developments being wholly or partially pre-let. This lack of supply is forcing an increasing number of occupiers to re-gear leases on existing offices against a lack of alternative options.

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January 15, 2019

Surface Design Show 2019 Preview

by Neil Franklin • News, Workplace design

Surface Design Show hosts over 150 exhibitors highlighting the very best in exterior and interior surface design from 5 – 7 February. Taking place at London’s Business Design Centre, the show provides a platform for architects, designers and specifiers to explore interior and exterior surface materials, lighting design, development and innovation. Visitors will uncover thousands of new materials from the latest technological advances in building materials to innovative workplace surfaces and everything in between.

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January 10, 2019

Overwhelming majority of workers have changing workplace expectations

by Neil Franklin • Flexible working, News

New research from Aon claims that 97 percent of employers agree that employees’ expectations of their experience in the workplace are changing. Aon’s Benefits and Trends Survey 2019 (registration required) suggests that employers are saying that employees’ top priorities now include flexible working hours, agile working, mental health, diversity and inclusion and parental leave. Aon’s Benefits and Trends Survey, now in its ninth year, is formed from the responses of over 200 employers of all sizes, including those with fewer than 100 employees to many thousands, who work across a broad range of sectors, with 75 percent of them working internationally. This year, a number of new questions were introduced, including changing workforce demographics, to support employer benefit strategies and provide industry analysis.