November 29, 2018
New workplace trends will bring people back to the office, Gensler report suggests
The next generation of office buildings will draw employees back to the workplace, a new report from architect and design firm Gensler suggests. It suggest that an increased number of employees are set to be drawn back to the office, as the importance and power of face-to-face interaction grows, and office design increasingly caters towards this. This year’s 2018 Design Forecast report, Shaping the Future of Cities (registration required), created by the Gensler Research Institute explores over 200 of the latest trends that are changing cities across the world. The overarching prediction is that design will “put people back at the centre” and become the driving force behind resilient, liveable cities. Buildings that react and respond to the people within it will be critical to the workplace experience, harnessing data to interpret internal workplace data and make intelligent adaptations.
Take-up of office space in Central London has shown a year-on-year increase of 30 percent, reaching 1.3m sq ft in October, according to CBRE. Take-up was strong from creative firms, representing 18 percent of all deals, including the largest deal of the month which saw McCann Erickson take 146,400 sq ft at 135 Bishopsgate EC2. Flexible office operators took 122,300 sq ft of space during the month, bringing the proportion of take-up represented by the flexible office sector in the last 12 months to 19 percent. The largest flex acquisition in October saw Landmark Spaces acquire 37,800 sq ft at Portman House in the West End. 
Investment in City of London offices is up by 7.6 percent for the same period last year reaching £9.47 billion as of the end of October 2018 – while the West End market is on track to reach at least £7.4 billion before the year is out. This is up on the £7 billion turnover seen in 2017, according to Savills. Stephen Down, executive director and head of Savills Central London investment team, says: “Demand for central London offices has remained buoyant throughout 2018. While we may not see the year set any new records, annual volumes look set to either surpass or draw very close to those of 2017. 
The vast majority (97 percent) of office workers in UK feel frustrated by their workplace environments, with many feeling the need to escape office life as a result. A new report from Staples has discovered that one-in-five (22 percent) end up browsing LinkedIn job ads for something better when they’re frustrated. As a result, job-hopping is prolific, with workers now predicted to have 11.7 jobs between the ages of 18 and 48. The expectation that the grass must be greener elsewhere is leaving most thinking about switching jobs. However, when they do end up jumping ship, many just experience a short-term fix. According to the study, a third (37 percent) get frustrated in their new office before the end of their first six months. The majority of office workers say they seek fulfilment (89 percent) at work, and for most (77 percent), the quality of their office workspace is a contributing factor in how fulfilled they feel.
Workers are increasingly introducing technology devices, software and other tools into the workplace without their employer’s approval, claims a new report from NextPlane that examines the extent of this growing rift and its impact on collaboration and productivity. Nearly half of professionals (46 percent) said they or their team have introduced new technology into their workplace, and despite IT attempts to remain in control, workers are not standing down, as 53 percent said they or another team have pushed back on IT or management when they tried to dictate the technology they use.
The gig economy has helped lead to the doubling in size of the flexible office space sector since 2014 and it’s set to grow by up to 30 percent per year over the next five years claims new research published by JLL. Disruption or Distraction, a report delving into the growth of flexible office space across Europe explores the main drivers of the sector’s boom – including evolutionary changes in how, when and where people work, shifts in lifestyle, and rapid advancements in technology – and provides unique insights into the risks and rewards for both companies and real estate investors in Europe. 
