March 22, 2018
Action is needed to protect commercial property driving growth of UK cities

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March 22, 2018
by Mark Eltringham • News
March 20, 2018
by Anna King • Comment, Property, Technology
The old adage “once you spot a bandwagon, it’s probably too late to jump on” was certainly true at this year’s MIPIM if only for the increase in journalists sent by the national press (allegedly) hoping to catch a glimpse of men behaving badly and weaving tales of excess. Whilst the message of #TimesUp was heard loud and clear in the property world after the recent expose at the Presidents Club, the reality is the hedonistic opulence actually came to an end in 2009 after the global crash. That was the year that the property market realised they needed to do things differently and it was the beginning of putting people first. But it takes time for thoughts to turn to actions and reality, and a number of senior women that I spoke to observed that what we are now seeing are results of change and a drive to continue that change.
March 20, 2018
by Sara Bean • Cities, Facilities management, News, Property, Workplace
Cities in emerging markets, though challenged by economic and political turmoil, are catching up with top ranking cities following decades of investing in infrastructure, recreational facilities and housing in order to attract talent and multinational businesses, finds Mercer’s 20th annual Quality of Living survey. Meanwhile, many of Europe’s cities still offer the world’s highest quality of living and continue to remain attractive destinations for expatriates on assignment, despite economic volatility due to uncertainty around Brexit and increased political volatility in the region overall. Vienna tops the ranking for the 9th year running and is followed by Zurich (2), Auckland and Munich in joint 3rd place. In 5th place Vancouver completes the top five and is the highest ranking city in North America. Singapore (25) and Montevideo (77) are the highest-ranking cities in Asia and Latin America respectively. London – the highest ranked UK city – scores top marks in areas like access to public transport, and the variety and quality of theatres and restaurants, but has lower scores for air pollution and traffic congestion.
March 15, 2018
by Mark Eltringham • Cities, News, Technology
An Intel-sponsored study by Juniper Research estimates that smart cities have the potential to “give back” around 125 hours to every resident every year. The study also ranks the top 20 smart cities worldwide across four key areas: mobility, health care, public safety and productivity, and reveals how these cities deliver positive outcomes for increased time savings and productivity, increases in health and overall quality of life, and a safer environment. The study found that Chicago, London, New York, San Francisco and Singapore (pictured), are the world’s leading cities integrating IoT technologies and connected services. These cities stand out because of their cohesive efforts to connect city municipalities, businesses and their citizens to address a growing need to improve “livability” – specifically around mobility (San Francisco and Singapore), public safety (Chicago, New York and Singapore), health care (London and Singapore), and productivity (Chicago, London and Singapore) – as they transition to a smarter, more connected environment.
March 14, 2018
by Mark Eltringham • Cities, News
London has been ranked as Europe’s most attractive city for businesses and employees for second year running according to Colliers International’s latest European Cities of Influence report, which reviews and ranks cities based on their occupier attractiveness, availability of talent, and quality of life factors alongside economic output and productivity; Paris, Madrid, Moscow and Birmingham making up the rest of the top five. The report claims that the UK remains a highly desirable destination for capital and occupiers, largely driven by its ‘magnetism as a centre of diverse high-quality service sector talent’, which is in turn is helping to drive economic output and productivity. Other UK cities which score in the top 10 include Birmingham (5th), Edinburgh (7th) and Manchester (10th).
March 7, 2018
by Mark Eltringham • News, Property
Research released by Knight Frank in the European Quarterly, Commercial Property Outlook (Q3 2017) highlighted how 2017 European investment volumes were on course to beat those of 2016. In fact, a total of €47.4 billion was invested in European commercial property in the third quarter (Q3) 2017; a 13 percent increase on the same quarter of 2016. A new report from commercial property firm Savoystewart.co.uk claims to uncover the countries attracting the most interest in investment in Europe. In analysing the figures, Savoystewart.co.uk found several countries experienced a spike in commercial investment in 2017. Most notably in Finland, with a total investment of €5.6 billion, Q1-Q3 – a rise of 121.60 percent on figures from 2016. Hungary (89.90 percent), Romania (73.50 percent), the Czech Republic (43.30 percent) and Netherlands (41.70 percent) followed, with considerable increases measured.
March 5, 2018
by Sarah King • Comment, Coworking, Flexible working, Workplace design
Ask someone to list innovative companies which have become notable disruptors in their market and they invariably respond with two names – Uber and Airbnb. That is because both brands are positioned squarely and successfully at the retail consumer: for people who use a taxi or take an occasional short break in a foreign city, they have become the automatic default options. But there is another equally successful business targeting the corporate space, aimed particularly at small businesses and millennial tech start-ups: WeWork. Just like Uber and Airbnb, it is less than a decade old. In that time, WeWork’s ambition of being the world’s leading coworking company has been realised. Championing itself as a disruption revolutionary, it has succeeded more prosaically by ‘creating environments that increase productivity, innovation, and collaboration,’ according to its website. WeWork’s model involves renting office space cheaply via long-term lease contracts. Small units are then re-rented at higher rates to start up companies which are happy to pay a premium because they need very little space.
March 5, 2018
by Neil Franklin • AI, News, Technology
The total level of wages associated with jobs that have the technical potential to be automated in the UK is £290 billion per year, which represents 33 percent of all wages and earnings from labour in the economy, according to a new report published by IPPR for the IPPR Commission on Economic Justice. The report further claims that low-wage jobs have more potential to be automated than high-wage jobs and so it’s not just automation’s impact on the number of jobs that need to be considered but the impact on inequality. If automation leads to lower average wages or working hours, or loss of jobs in aggregate, a significant amount of national income could be transferred from wages to profits. And while increased automation of activities will replace some workers and labour earnings, employment and wages will rise in other areas of the labour market due to higher output and productivity, offsetting some of the original £290 billion lost but increasing pay inequality.
March 5, 2018
by Neil Franklin • News, Workplace
New PwC research claims that the UK is not making progress fast enough to improve female economic empowerment in the workplace. Despite improvements since 2000, these gains have been outpaced by other countries’ efforts, according to the report. In particular, slow progress in closing the gender pay gap, coupled with a persistent low share of females in full-time employment, has put the brakes on the UK making bigger strides towards gender equality in the workplace. The latest Women in Work Index claims the UK has fallen slightly from 14th to 15th place in a ranking of 33 OECD countries based on five key indicators of female economic empowerment. Although labour market conditions for women improved, the UK was outpaced by better performance from other OECD countries. Since 2000, the UK’s position has improved from 17th place and it compares well to other G7 economies, being second only to Canada. The Nordic countries continue to lead the Index – with Iceland, Sweden and Norway rated as the top three countries for opportunities for women in the workplace.
February 28, 2018
by Mark Eltringham • Cities, Environment, News
A new report claims that there are now over 100 greenest cities worldwide who derive at least 70 percent of their electricity from renewable sources. The report from CDP claims that 40 of these now generate all of their energy in this way, including Basel and Reykjavik. No UK cities appear on the list although over 80 UK towns and cities have committed themselves to run on 100 percent clean energy by 2050, according to local government campaign group UK100.
February 28, 2018
by Neil Franklin • News, Public Sector
Although universities contribute to one in every hundred new business births in the UK, but 35 percent of universities did not contribute to the production of a single graduate start-up last year, according to a new report from Localis. It claims that while there are pockets of excellence in the way universities support enterprise and entrepreneurship across the country, too many of them are doing too little. Published in partnership with University College London (UCL) and the University of Huddersfield (UoH), the report explores what more can be done to encourage university entrepreneurial activity and its role in local economies.
March 21, 2018
There are at least some reasons to be optimistic about the UK’s tech sector post Brexit
by Gary Chandler • Comment, Property, Technology, Workplace design
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