October 24, 2018
Central London office market maintains sustained levels of demand
London’s office market continues to attract occupiers and investors, despite political and economic uncertainty JLL’s recent Central London offices seminar revealed. The event highlighted the strength of the capital’s office market where Central London has seen sustained levels of both leasing and investment activity so far in 2018 and JLL anticipates that the final numbers will match, if not exceed those recorded in 2017. Take-up of offices across Central London reached 8.3m sq ft at the end of Q3 2018, with 3.1m sq ft leased in the West End and 4.5m sq ft in the City.
Despite political and economic uncertainly and the aftermath of the global monetary crisis in 2008, London remains a leading global financial centre, with nearly a quarter (24 percent) of the capital’s office take-up attributed to banking and finance occupiers over the last ten years. London is by far the most active banking centre in Europe, according to the latest research from global real estate advisor CBRE. According to the report, 1.1 million people were employed in the UK financial services sector in 2017, of which 34 percent were in London. 
In spite of all the evidence and their own experiences, over half (55 percent) of office workers believe access to the latest workplace technology would make them more productive; 43 percent said this would make them feel more valued, while 38 percent said it would motivate them to work harder. This is according to research for the report, The Hidden Value of Workplace Technology, conducted on behalf of Econocom by survey consultant Censuswide. The research found that workplace tech is important not just for companies looking to retain existing staff, but also to recruit new members. 
Serviced offices dominated office take-up in London’s West End in August, mainly due to three big transactions resulting in a 44 percent market share, but the Tech and media sector continues to be the main driver for space. According to figures from Savills just shy of a third (31 percent) of take-up for office space this year has been to Tech and media sector occupiers. Similarly, West End and Central London requirements almost mirror demand from this sector, with the Tech and media sector accounting for 35 percent of the 4.3m sq ft of active requirements.
The majority (86 percent) of UK office workers claim they are more likely to be told off for forgetting to do menial tasks, like emptying or loading the dishwater and keeping their workplace tidy, than complying with GDPR policies, according to a new poll which assessed whether GDPR is being taken seriously by UK office workers since its introduction in May of this year. The study from Fellowes found that only 14 percent of workers have been given a ticking off about careless handling of confidential data, while 25 percent claim office chores, like emptying or filling the dishwasher, has landed them in the hottest water. The data, collected from over 1,000 UK office workers in July 2018, also reveals that many are more likely to be challenged about missing deadlines and being late (17 percent) than ensuring they are compliant with GDPR.
The quality of the coffee is the most important feature for office occupants, with two thirds of workers saying a decent flat white or cappuccino is an essential for a productive and engaged workforce. Research by coworking developer Areaworks also found that being closer to the outdoors, and the ability to work from a balcony or roof terrace was an important factor for 64 percent. Hanging chairs, bean bags and flexible spaces are a must for most, as half of office workers want to ditch fixed desks in favour of casual seating and hot desking, making it a top five most favoured feature. the office gimmicks failed to feature on most people’s workplace bucket list. The installation of office gimmicks such as fireman’s poles and ball pits all failed to feature on most people’s workplace list, but slides did make the list, while the majority (66 percent) included a fridge complete with beer and prosecco among their choice items.
The repercussions of a no-deal Brexit are being 
