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Record take up in Northern Ireland office market amid concerns over future investment

Record take up in Northern Ireland office market amid concerns over future investment

City Quays mixed-use regeneration projectThe Northern Ireland office market had a record year in 2018, with a 100 percent increase in take-up, according to the latest figures from CBRE. The Northern Ireland (NI) office sector enjoyed its most successful year on record with 885,023 sq ft of take-up reported across 84 transactions, more than double that achieved last year. Notable office deals completed in 2018 included the PwC move to Merchant Square, Northern Ireland Civil Service at 9 Lanyon Place, Allstate at Mays Meadow, TLT at River House and Baker McKenzie at City Quays 2, which is part of Belfast’s City Quays mixed-use regeneration project. However, according to CBRE’s Real Estate Outlook report, the office market in NI is hampered by a severe lack of investment deals in the face of ongoing local, national and international political uncertainty. This means that while the real estate market in Northern Ireland generally has performed well in 2018, the investment sector experienced a decrease in activity as a resulting knock-on effect of the current political situation locally at Stormont as well as ongoing Brexit negotiations.

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By Bailey and Insidesource merge to form global furniture dealership

By Bailey and Insidesource merge to form global furniture dealership

UK furniture dealer By Bailey has joined forces with US-based dealer Insidesource to create a first of its kind, global furniture dealership. The merger grew out of the need to offer high level service to international clients, especially those with a significant presence in North America and the UK. The boutique By Bailey studio was opened in 2015 by industry veteran – Mark Bailey, after he saw a niche in the market to provide high-end solutions for private offices and meeting rooms.

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As we enter our darkest hours, quality of office lighting needs attention

As we enter our darkest hours, quality of office lighting needs attention

As we enter darkest hours London commuters can get a light fix

As we enter the darkest days of the year, office workers in the UK are set to get virtually no natural light. For instance, today (18 December) sunrise in London is at 08:01 and sunset is 15:52, meaning office workers are commuting to and from their offices in the dark. The quality of lighting within many workplaces is often not much better, as despite 80 percent of UK office workers, saying good lighting in their workspace is important to them, two-in-five (40 percent) say they have to deal with uncomfortable lighting every day and a third (32 percent) said better lighting would make them happier at work. However today some Londoner’s will have the chance to get a much-needed dose of light at an uplifting Light Station supplied by Staples at Southwark Bridge tunnel which will be open to the public from 9:00 to 16:15.

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Decline in new UK commercial property construction work within private sector

Decline in new UK commercial property construction work within private sector

The results of the EU referendum have been detrimental to the commercial property sector with the number of constructions continually decreasing, according to an analysis of the figures by Savoy Stewart. With figures from the Office of National Statistics (ONS) showing a monthly decline in the number of new UK commercial construction work undertaken by the private sector since December 2017, the property firm analysed the number of commercial properties available to let in 20 of the biggest cities in the UK.

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European property sector predicted to grow next year, despite economic challenges

European property sector predicted to grow next year, despite economic challenges

European property sector predicted to grow next year, despite economic challengesThe European property sector is predicted to grow next year, according to CBRE’s 2019 EMEA Market Outlook report. Although recent indicators suggest some slowing of momentum economic growth in Europe will remain above-trend rate in 2019 and 2020, with Spain, Ireland and the central European countries expected to see the fastest economic growth. France’s growth is expected to accelerate as recent economic reforms begin to pay off; however, UK growth is expected to remain below-trend, but with better long-term potential once the current uncertainty around Brexit passes. Office markets around the region are expected to see positive growth in leasing levels in 2019. However, major European cities, including Paris, Berlin, Stockholm and London, are expected to see lower levels of employment growth in office-using sectors. (more…)

Promotion: Humanscale opens new Manchester showroom

Promotion: Humanscale opens new Manchester showroom

Humanscale has opened the doors to its latest showroom in the City of Manchester, reinforcing its presence in the North of England. Located in the Old Town, formerly home to the famous Factory Records label, this is Humanscale’s second showroom in the UK this year, after moving to a new space in the heart of London’s design quarter. When Humanscale originally put down roots in Clerkenwell in 2001 it was the first outpost beyond North America.

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Seven reasons why this will not be the office of the future

Seven reasons why this will not be the office of the future

At this time of year, it seems like we don’t have to wait more than a few hours before some or other organisation is sharing its prognosis about how we will be working in the future. The thing these reports usually share in common, other than a standardised variant of a title and a common lexicon of agility, engagement and connectivity, is a narrow focus based on their key assumptions about what the office of the future will be like. While these are rarely false per se, and often offer valuable insights, they also frequently exhibit a desire to look at only one part of the great workplace elephant. While the more informed reports make excellent points and identify trends,  across most there are routine flaws in thinking that can lead them to make narrow and sometimes incorrect assumptions and so draw similarly flawed conclusions. Talk of the office of the future tells us rather a lot about how we view offices right now.

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Groundbreaking study links productivity to air quality

Groundbreaking study links productivity to air quality

A new study of UK indoor office environments has found a direct correlation between the quality of the air in offices and its effect on workplace productivity. The two-year research initiative, backed by facilities company EMCOR and carried out by academics at Oxford Brookes University and LCMB Building Performance found that workers were able to work up to 60 percent faster in lower CO2 concentrations. It revealed that an increased intake of CO2 can lead to poor decision making, slower reaction times and increased tiredness among employees. Currently, UK productivity is 26.2 percent lower than Germany based on GDP per hour worked – and 22.8 percent less than France. Yet despite ten years of tactics to help close the gap, this is the first time environmental factors have been considered.  (more…)

Asia increasingly challenging economic hegemony of western cities

Asia increasingly challenging economic hegemony of western cities

Oxford Economics has published its annual Global Cities research report projecting the shifting landscape of the world’s leading cities from 2019 to 2035. It examine which major cities will be the urban superpowers of the future and which are poised for the most rapid expansions of their economies, populations and business heft. Its main finding is that Asia’s cities, especially those in India such as Surat (pictured) and Agra are making huge strides, although New York, Tokyo, Los Angeles and London stay as the metropolitan superpowers. New York maintains pole position while Tokyo falls below Los Angeles and London in the ranking.  (more…)

The war for talent is over and we need to face up to new opportunities and challenges

The war for talent is over and we need to face up to new opportunities and challenges

The ‘War for Talent’ is a concept which has dominated the industry for the last twenty years and has shaped how many organisations view talent acquisition around the world. But perhaps this war is already over. As initially reported by McKinsey & Company in 1998, the war for talent explored the challenges businesses face when attracting, retaining and developing talent. While talent acquisition is a fundamental foundation for any business looking to grow, after twenty years, recent studies have reported a seismic shift from this ‘War for Talent’ to a ‘War for Skills.’

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I’m a designer and I job share with an AI

I’m a designer and I job share with an AI

Thomas Edison is credited with the phrase “Genius is one percent inspiration, ninety-nine percent perspiration” and I believe there is no field where this applies more than architecture and design. So often people assume that interior design is such a fun, creative job – that it’s all about drawing, colours and furniture, something like being paid to colour in and shop – when today being a designer is just as much about people management, psychology, project management, documentation, checking codes and standards and managing contracts.  It’s also often about a culture that expects long hours and being always available to the job. “It’s not work when you are passionate about it?” is common. But what if instead we could all work less hours and job share with our computers?

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Line up of speakers announced for Workplace Trends: Research Spring Summit

Line up of speakers announced for Workplace Trends: Research Spring Summit

The research-driven Workplace Trends Spring Summit returns for 2019. We have two sessions with invited guest speakers, our keynote and the after lunch debate. Following a recent Call for Abstracts and a blind peer review by our two moderators for the day, Nigel Oseland (Workplace Unlimited) and Mark Eltringham (Workplace Insight), the remaining sessions have now been filled with the highest ranked submissions.

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