June 20, 2019

London remains second most expensive office market

Hong Kong Central and London’s West End held onto their top spots in a ranking of the most expensive office market locations in the world at $322 and $220.70 per sq. ft. per year respectively according to the latest Global Prime Office Occupancy Costs report from CBRE. The ten most expensive markets were the same markets as last year, though several have changed positions within the top category. The biggest gainer within the top 10 was Midtown Manhattan ($196.89) in New York City, which climbed to the fourth most expensive market this year from the sixth last year. London City retained its number 10 position on the list at $139.75 per sq. ft. More →

June 20, 2019

Area opens new Birmingham office

by Freddie Steele • Company news

Office design and fit-out form Area is expanding its UK operation and opening a new office base in Birmingham to support and grow its existing client base. The move to Birmingham – one of the UK’s most dynamic regions – comes on the back of a series of successful projects in the region and builds on strong relationships with local clients such as Mills & Reeve, Zurich, Legal & General, Jaguar Land Rover, KPMG, Handelsbanken, Aviva, Grant Thornton and Deloitte. Birmingham and the West Midlands are regarded by economists and businesses alike as one of the most promising places in Britain to invest and grow, which creates opportunities for the commercial property market. More →

June 19, 2019

London councils form office of technology and innovation

by Neil Franklin • Cities, News, Technology

The London Office of Innovation and Technology (LOTI) has been officially launched, ushering in what the fifteen councils behind the initiative claim will be a new era of digital transformation. The councils claim that London’s public services will benefit from faster adoption of technology, data and digital skills. The city-wide venture is a collaboration between all 32 London boroughs with the Mayor of London’s backing.

June 18, 2019

Coworking is reshaping office market in London

by Neil Franklin • Coworking, News

The flexible office and coworking markets have grown rapidly over the last five years, with more than 4 million sq ft leased to flexible office providers in Central London, according to a new report from digital office broker Hubble in partnership with JLL. Despite WeWork dominating the headlines and pioneering the uptake of coworking, the London market remains highly fragmented, with more than 150 providers offering some form of flex or coworking space in more than 650 separate locations. Flexible offices are projected to grow to a 11 percent share of overall office stock in London by 2023. At the end of 2018, flexible offices had a 6.3 percent share of the Central London market (14.7 million sq. ft.) and this number is set to keep growing. More →

June 10, 2019

Coworking disrupts office design ⁰

by Paul Goodchild • Comment, Coworking, Facilities management, Flexible working, Workplace design

In his book How Buildings Learn, the author Stewart Brand outlines the process whereby buildings evolve over time to meet the changing needs of their occupants. He describes each building as consisting of six layers, each of which functions on a different timescale. These range from the site itself which has a life cycle measured in centuries, through to the building (decades), interior fit out (years), technology (months), to stuff (days). The effectiveness of a design will depend on how well it resolves the tensions that exist between these layers of the building, and this is one of the benefits of coworking that isn’t discussed enough.

June 6, 2019

In defence of open plan office design

by Elizabeth Mixson • Features, Workplace design

Noisy, distracting, toxic and disastrous. These are just a few words that have been used to describe open plan office layouts. Though the open office layout model was originally conceived to promote collaboration, innovation and stronger workplace relationship, if recent press is to be believed, it’s had the opposite effect at many companies. More →

May 23, 2019

Wellbeing, a pile of turtles, office culture and some other stuff

by Mark Eltringham • Features, Flexible working, Technology, Wellbeing, Workplace design

This week is Clerkenwell Design Week amongst other things, and as part of it I chaired a discussion on Tuesday about acoustics at work in the showroom of Flokk and their effect on wellbeing. We were fortunate to have a panel that involved the likes of Nigel Oseland, Michelle Wilkie of tp bennett, Joachim Schubert of Offecct and Lee Jones of Wellworking as well as an informed audience, if for no other reason than everybody’s ability to talk about the subject as complex and multi-faceted and, to some extent, hardwired. More →

May 23, 2019

Demand outstrips supply for Edinburgh office space

by Marie Hillen • Cities, Facilities management, Technology

The majority (90 percent) of Grade A deals for commercial offices in Edinburgh so far this year came from the tech sector, according to Savills, resulting in TMT being the most active business sector of the first quarter of 2019. Key deals included Amazon signing for 30,000 sq ft at Exchange Crescent and Epic Games taking 10,000 sq ft at Quartermile 2. This reflects that fact that over the past five years, Edinburgh has seen employment growth of 7 percent in the professional scientific and tech industries and is forecast to see a further 11 percent over the next five years; resulting in a projected 3,800 net additional jobs in these industries

May 21, 2019

Office design stifling creativity, claims study

by Neil Franklin • News, Wellbeing, Workplace design

British businesses could be hindering their own innovation and creativity due to poor office design, according to a study carried out by YouGov and commissioned by Oktra. The survey of over 2,000 British employees claims that fewer than half (43 percent) believe the design of their workplace encourages innovation and creativity. Over a third (36 percent) of respondents would be less likely to take sick days if they worked in an inspiring workplace. More →

May 21, 2019

London office building at post Brexit high

by Mark Eltringham • News, Property

New office building in central London is at a three-year high, with 13.2 million square feet of space under construction, up 12 percent on the figure six months ago, according to the Deloitte Real Estate’s London Office Crane Survey. Some 55 percent of the office space under construction was already let and for larger schemes of over 100,000 square feet, more than three quarters was already committed to, Deloitte said. The survey covers seven major central London office markets – The City, West End, Docklands, King’s Cross, Midtown, Paddington, Southbank – as well as three emerging submarkets – Vauxhall-Nine Elms-Battersea, White City and Stratford. More →

May 14, 2019

Workers have little interest in table football and dogs in the office

by Neil Franklin • News, Wellbeing, Workplace

Traditional workplace benefits like holiday allowances and pensions trump quirkier ‘benefits’ like being allowed to take your dog into the office, according to a survey by Aviva. Out of a wide range of workplace benefits, 43 percent of UK employees said they were least interested in being allowed to take their dog into the workplace. More than a third of workers (34 percent) also said they weren’t interested in office entertainment like table football and video games. And more than 1 in 4 people (26 percent) even said workplace socials like summer and Christmas parties were among the benefits they were least interested in. More →

May 13, 2019

Belfast office market outpacing others in UK and Europe

by Mark Eltringham • News, Property

The Belfast office market is one of the UK’s best performing when it comes to returns for investors, significantly outstripping cities such as Manchester, Liverpool, Glasgow, Cardiff and London, a new property report claims. The Northern Ireland Commercial Property Investment Review (registration), produced by Ulster University and global financial company MSCI in collaboration with RICS commercial property firms, benchmarked the Northern Ireland and Belfast market against their UK and European peers. More →