October 11, 2021
I was reminded the other day of the instructions on a bottle of shampoo I once used which said, simply: “Wash, rinse and repeat.” Why? I’ve just washed my hair. Why do I need to repeat? It’s a bit like that old adage about how to sell more toothpaste, by widening the hole it comes out of, because we all still instinctively try to cover the whole of the brush head, however thick the line of paste. More →
October 6, 2021
Future Forum, a consortium launched by Slack to help companies reimagine work in the new digital-first workplace, has released the latest findings from the Future Forum Pulse, a global study that claims a huge divide between executives and non-executives on returning to the office: “the Great Executive-Employee Disconnect.” More →
September 21, 2021
iOFFICE + SpaceIQ announce a strategic investment by Autodesk, a technology firm spanning architecture, engineering, construction, product design, manufacturing, and media and entertainment. The investment, which follows the recent combination of iOFFICE + SpaceIQ, will provide integrated solutions that give businesses unequaled ability to analyse and optimise all aspects of their real estate and mission-critical assets. Terms of the investment were not disclosed. More →
September 16, 2021
Office occupancy rates have hit their highest levels since March 2020, according to Freespace. The data from sensors already highlights an eight percent increase in the number of offices returning to work in the first fortnight of September compared to the entire month of August. Furthermore, the use of all space types within the office have also increased giving a sense that some normality is returning to the workplace. More →
September 16, 2021
September 14, 2021
New ways of working will boost UK productivity and increase employment levels in cities outside of London, according to a new report from KPMG. And as businesses in some sectors prepare for employees to spend two to three days a week working from home on a permanent basis, demand for office space could see capacity potentially increase by as much as 40 percent, according to a new KPMG report, New working patterns and the transformation of UK business landscape.
The increased availability of office space in major business hubs is expected to attract businesses from smaller areas to fill up the vacant space, with cities like Manchester, Bristol, Glasgow, Leeds and Birmingham set to see employment rise by 5-10 percent as a result. This will have a significant knock on effect for demand for office space.
Areas in central London are also expected to benefit, as well as smaller towns and cities with a large proportion of the workforce working partially from home. Meanwhile, less dense business areas could see a decline in employment and may need to be transformed into more residential, leisure, retail and other uses.
As the business landscape consolidates, KPMG analysis also claims the change could boost overall UK labour productivity by 0.5 percent, thanks to businesses being able to tap into a larger pool of workers, suppliers, and clients.
Yael Selfin, Chief Economist at KPMG UK, commented on the report: “As we emerge from the pandemic, businesses need to adapt to the new environment they will be facing. Some may choose to relocate to larger business hubs to boost profitability, while others in less central areas could see their local customer base profile change. While the overall impact on the UK economy is expected to be positive, the changes ahead could prove challenging for those businesses already saddled by the pandemic.”
The report examines how local high streets in residential towns and neighbourhoods are expected to reap the benefits of greater homeworking through increased demand by residents during the week. But the impact on high streets across the UK is unlikely to be uniform. Some places may be hit relatively hard by the loss of office workers due to their proximity to a larger business hub, which may be compounded by the loss of commuter footfall among remaining employees due to the prevalence of working from home.
Yael Selfin added: “As people spend more time working from home and less time in the office, we could see a revival of the local high street.
“They will need to transform into places of purpose to meet demand for community-based services, hospitality, culture, as well as retail. High street offering in smaller towns and cities may need to become more focused on residents’ needs and less focused on businesses and commuters.
“This transformation will require local government, residents and businesses to work together to map their future shape and make concrete plans to support and enable the necessary changes to make the most of the new post-Covid business reality.”
Chris Hearld, Head of Regions at KPMG UK, commented: “Over time, a shift in business location could support the rise of several major business hubs across the UK. An increase in the concentration of businesses and workers has the potential to make those businesses located there more productive and enable these areas to serve as the engines of economic growth. This should also support the Government’s Levelling Up agenda. Cities like Manchester, Leeds, Birmingham, and Newcastle stand to benefit from such a consolidation of business locations. For this to happen they will need government to work closely with local leaders to ensure the transition is smooth and any barriers to growth are quickly ironed out.”
September 7, 2021
Wellworking is opening a new 5,000 sq ft West of England hub in response to growing demand for home and office furniture from companies and individuals in the region. The new centre in Pershore, Worcestershire, will serve customers across the Midlands, the West Country and Wales. Wellworking, which has been rated the best furniture company in the UK for six years in a row by customers on Trustpilot, already has distribution centres in the South of England and in Scotland. More →
September 3, 2021
CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business, according to the latest KPMG CEO Outlook Survey. Despite a slower ‘return to normal’ than expected, their confidence in the global economy has returned to levels not seen since the start of the pandemic. The number planning to reduce their office footprints has fallen dramatically since the height of the pandemic, and instead there is a growing focus on introducing flexible working cultures. More →
August 30, 2021
Investments in offices outside the capital for the first half of this year hit £3.58bn – 18 percent above the long-term average for the first half of this year, Savills research claims. Overseas investors accounted for two-thirds of the £3.58bn of investments from January to June 2021 – 38 percent above the five-year average. More →
August 27, 2021
The new Clerkenwell Open event organised by the BCFA and Women in Office Design takes place on the 9th and 10th September 2021. Although long the epicentre of the UK’s office design community, this is a new two day showroom trail event which aims to provide a focus and a clear statement that Clerkenwell is “alive” again, and will provide a combined opportunity for architects, designers, specifiers , dealers and end users to network in person and exchange views. More →
August 17, 2021
Offices will repopulate over the remainder of this year, led by small companies – those with fewer than 100 employees, according to the EMEA Occupier Survey of 130 companies from real estate advisor CBRE. The survey found that small companies are further advanced in their return to office. Over 80 percent of small companies report all locations are now open. This compares with only a third of the largest companies, although a majority of them have opened more than half of their sites. More →
Completions in central London are expected to hit a three-year high, with 5.5m sq ft scheduled for delivery by the end of this year, according to
August 23, 2021
Executives think work should be split 70:30 between office and home
by Neil Franklin • Comment, Flexible working