Search Results for: media

November 11, 2015

Record construction of London office space, but supply shortfall remains ⁰

by Sara Bean • Facilities management, News, Property

Demand for office space in London continues to overwhelm its availability and in spite of record levels of construction, according to two new reports. The latest CBRE Monthly Index claims that rents in Central London’s booming office market grew by 10.3 percent in the year to October 2015, the first time annual growth has hit double digits since April 2008. Despite rapidly rising rents, take-up of offices in Central London continues to outpace the 10 year average. The capital saw 1.1 percent growth in October, with 3.6m sq ft of space snapped up by businesses in the third quarter of 2015, with a further 3.8m sq ft currently under offer and expected to complete before the end of the year. Change could be on the way however as the latest biannnual London crane survey from Deloitte claims that the amount of office space being built in central London has risen by a fifth in six months, the highest level for seven years.

November 10, 2015

Employers have dodged UK recruitment crisis threat, claims CIPD ⁰

by Sara Bean • News, Workplace

Salaries are not likely to increase much next year, and despite predictions of a recruitment shortage, vacancies are still relatively easy to fill, the latest Labour Market Outlook from the CIPD claims. The quarterly survey of more than 1,000 employers shows that across all sectors just fifteen percent of current job vacancies are proving difficult to fill. It also reveals that, outside a limited number of industries, UK employers continue to be able to recruit the workers they need without significantly hiking wages and that median basic pay rises of just 2 percent are predicted by employers in the 12 months to September 2016. The research suggests that in general, most businesses are seeing a steady flow of suitable candidates, despite unemployment falling to a seven-year low in October and despite a slight year on year increase (44 percent – 49 percent) in the number of employers reporting any hard to fill vacancies.

November 6, 2015

Shortage of German office space as demand in Europe reaches record high ⁰

by Sara Bean • Facilities management, News, Property

The demand for office space in Europe grew over the third quarter of 2015 with total take up of over 3 million sq metres, on a par with the previous third quarter peak seen in 2007, according to new figures from property consultancy JLL. Take-up over the third quarter of 2015 is the highest on record – up 29 percent year-on-year and full year volumes are forecast to reach 11.5 million square metres, an increase of 8 percent on 2014. Across the continent, demand for office space is being driven by multiple markets recovering, albeit at varying speeds. Germany demonstrated some of the strongest results in Europe. Four of the five largest markets improved on Q3 2014 and Berlin, Hamburg, Dusseldorf, Frankfurt and Munich reported a combined take-up of 775,000 sq m, as the strong employment market in Germany pushes up demand for office space even further.

November 3, 2015

Less than one year’s supply of office space now available in Central London ⁰

by Sara Bean • Facilities management, News, Property

Office occupiers are being forced to search further afield from traditional London commercial property centres as the vacancy rate of office space in Central London falls to a 15 year low. According to research from BNP Paribas Real Estate, at just 4.68 percent of total stock, the level of supply during the third quarter of the year was just 10.29m sq ft; equivalent to less than one years’ supply at current levels. Take-up to the end of September reached 10.78m sq ft, 18 percent above the long term trend, whilst the investment volume of £11.91bn is 28 percent ahead of the average. The West End’s office market was boosted by several large transactions involving Media Tech firms and take-up in Q3 2015 reached 1m sq ft, making the third quarter the busiest so far in 2015. The City is still attracting media tech companies, but there’s been a resurgence in traditional City occupiers from the professional sector.

October 22, 2015

UK’s digital leaders set to deliver £92 billion boost to economy ⁰

by Neil Franklin • Company news, News, Technology

A new report from Virgin Media Business and Oxford Economics claims that the UK’s ‘Digital Leaders’ are set to use digital technology deliver a massive boost to the UK economy in the very near future. The study of 1,000 companies employing 470,000 people claims that the UK economy could see an increase of 2.5 percent in GDP (£92 billion) and create more than a million new jobs over the next two years. According to the respondents, they had already increased their revenues by 4.4 per cent and reduced costs by 4.3 per cent over the past year by making better use of digital technology, generating an estimated £123 billion contribution to the UK’s economy, equivalent to 3.4 per cent of GDP. In terms of jobs, 44 per cent of executives don’t expect any jobs to become obsolete and, across the economy, companies anticipate hiring 1.1 million employees as a result of digital investments.

October 20, 2015

Majority of US workers keep relationship with boss strictly professional ⁰

by Sara Bean • News, Technology, Workplace

Nearly three-fourths (74 percent) of US employees consider their relationship with their boss to be excellent or good. However, for many employees, that relationship does not extend out of the office. According to staffing company Spherion’s “WorkSphere” survey, American workers who have a boss are split on whether they consider him or her a friend — 49 percent say yes, while 51 percent say no. And, while 82 percent of employees who have a boss report socializing with him or her during work hours or at work-related events, fewer than half of these workers (46 percent) ever see their boss outside of the office, and 41 percent consider their relationship exclusively professional. However, nearly one in five (18 percent) are connected on their personal social media channels; with nearly twice as many workers ages 18-44 (23 percent) engaging with their bosses in this manner than workers ages 45-54 (12 percent).

October 16, 2015

Sydney leads the way in activity-based working finds global cities report ⁰

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

If employers want to attract the best, they need to create spaces where their staff want to work, because providing an inspiring and enjoyable office is now the most critical, cost-effective way to successfully attract the world’s most talented employees. Knight Frank’s Global Cities: The 2016 Report highlights a shift in thinking by the newest generation of workers who expect the same kind of environment which historically, was the preserve of technology and media firms. This new office combines collaborative spaces with individual work areas, as well as providing amenities that encourage people to think of work as an extension of home. Sydney is leading the way with just under a third (28 percent) of all offices already offering activity-based working (ABW) for employees, where the workspace is specifically designed to suit the whole range of activities which will be accommodated.

October 14, 2015

Sitting down is no worse than standing for long periods, claims new study ⁰

by Mark Eltringham • Comment, News, Wellbeing, Workplace design

As we’ve always argued, the now commonly parroted idea that ‘sitting is the new smoking’ is extremely dubious and has led to a degree of hysteria about the effects of sedentary work and the substitution of one harmful extreme for another. Now a new peer reviewed study from researchers in the UK and Australia confirms earlier findings that suggest that what is important is not posture or position, but movement. The study of 5,000 civil servants over a 16 year period was carried out by researchers from the University of Exeter, University College London, and the University of Sydney (Australia) and funded by organisations, such as the British Heart Foundation, Stroke Association, the National Heart and Lung Institute, and the National Institute on Aging. It concludes that ‘no associations were observed between any of the five sitting indicators and mortality risk’.

October 13, 2015

Gateway cities spearheading a global commercial property revival ⁰

by Mark Eltringham • Cities, News, Property

Investment in commercial property is at its highest level worldwide since the 2008 downturn, according to a new report from Cushman & Wakefield. The firm’s annual Winning in Growth Cities report claims that global investment levels increased by 16 percent in the year to June 2015 to stand at US$942.8 billion. The report suggests that global volumes will rise 17 percent over the next twelve months to hit a new record high of $1.1 trillion. Growth will be led again by markets in North America and Europe with patchy levels of investment worldwide. This has already led to the world’s top 25 ‘gateway cities’ in terms of investment increase their market share from 51 percent to 53 percent with cities like New York remaining attractive locations for foreign investors.London was the second largest market overall but top for foreign investors, while Tokyo, Los Angeles and San Francisco made up the rest of the top five.

October 12, 2015

How workplace design is more closely reflecting how we actually work ⁰

by Adrian Campbell • Comment, Flexible working, Workplace design

In years gone by, a ‘one size fits all’ approach to office design might have been the norm, but as the decades have progressed, so too have the options available to businesses designing ‘homes from home’ for their office-based workforces. As new interpretations of the office environment proliferated, so the open plan model came to into being and eventually evolved into the default office design model. This initially brought greater variety than ever before but, ultimately, a one size fits all mentality in workplace design ultimately prevailed – every worker was expected to work in certain ways, utilising the equipment and furniture supplied and designed for them. From inception through to occupancy, the average new office involves a six-year period of design and construction involving varying teams of people discussing the best and most attractive solution for the actual end user.

October 2, 2015

For once and for all, please stop with this ‘death of the office’ stuff ⁰

by Mark Eltringham • Comment, Furniture, Property, Technology, Workplace design

I was involved in a meeting with an office fit-out company this week which involved a discussion of how their clients can develop misconceptions about the extent to which their contemporaries are introducing new office design and management models based on agile working, shared space, mobile technology and all that other good stuff. This presents a particular challenge for firms in the sector because their day to day experiences of what clients talk about and ask from them can be pretty removed from the things talked about in the media. If you were to judge the state of the office solely on the basis of what you read and hear and see at shows, it would be easy to conclude that the office is indeed dying and dragging down with it the markets for office furniture, commercial property and traditional technology. The problem is that the facts don’t support that notion at all.

September 30, 2015

Sales of tablets will go into reverse next year, claims new report ⁰

by Neil Franklin • News, Technology, Wellbeing

A new study from US based technology research organisation ABI Research claims that sales of tablets as well as their worldwide user base will start to shrink next year for the first time. According to the study, the global installed base of tablets will recede as shipments of large slate devices continue their decline as users switch their preference to larger smartphones. While sales of tablets enjoyed consistent growth between 2010 and 2014, the report claims that buyers are looking to replace this generation of products and are discovering that they can enjoy much of the same functionality thanks to the growth in popularity of smartphones with larger screens and a broader range of software and apps. Small businesses, meanwhile, are increasingly attracted to hybrid laptops as a replacement for tablets. According to the study, usage of tablets worldwide will peak at the end of this year.