Search Results for: office

June 2, 2015

A relaxed office environment and rapid career progress are key for Millennials

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

The latest research on the aspirations of so-called Millennial workers (born 1980 – 1999) reveals a cohort that wants to rise up the career ladder as quickly as possible, but do so in a less traditional workplace than previous generations. According to a whitepaper – ‘Attracting and Retaining Millennial Professionals’ from recruitment firm Robert Walters, 91 percent of Millennials say the opportunity for rapid career progression is one of the most important things about their job, with 68 percent citing a clear path to grow in a role is the most important factor in keeping them engaged. While Millennials are not that different from their older colleagues – they favour a more relaxed working environment where technology is seamlessly integrated into their working practices. They also place a higher value on personality, communication skills and fit within a team than they do on hard technical skills.

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May 24, 2015

More intensive space use is helping to drive down office costs worldwide

by Mark Eltringham • News, Property, Workplace design

Office costs are falling worldwide, in part because occupiers are using space more intensively, according to the latest Office Thermometer report from commercial property firm DTZ. The report found that the West End of London has comfortably retained its position as the world’s most expensive location. The average annual cost of a workstation in the area is $29,000 (about £19,000), fully a third higher than second placed New York. The report found that office costs continue to fall significantly in most regions, nearly 4 percent overall on average, although there were increases in fast growing local markets, especially in the Middle East. According to the study, more intensive use of office space by occupiers, an appreciating US dollar, weak economic growth in Europe and significant new supply in emerging markets have combined to cut costs worldwide.

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May 21, 2015

TMT and finance sectors drive demand for London office construction

by Sara Bean • Facilities management, News, Property

The total level of office construction in central London has increased over the past six months, fuelled by the greatest volume of new space to start since 2011, the latest Deloitte London Office Crane Survey has revealed. With a rise of 24 per cent over the past six months, a new wave of office construction in central London is under way across almost all submarkets. This comes at a time when the level of available office space is at its lowest for seven years, with current market conditions still suggesting a short-term supply shortage. However, the ramping up of new developments over the last six months has come too late to significantly alter the delivery of new space in 2015. TMT and the financial sector are driving up demand for more office space.

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May 19, 2015

Shared office space is redefining commercial property and the workplace

by Charles Marks • Comment, Property, Workplace design

Hive by Connection

The changing way we work presents particular challenges for the development of commercial property as well as those who specify, design and occupy workplaces. As has been highlighted many times before, the days are gone when designing an office was largely determined by the number of people who occupy it and the main determinant of the space needed for them was the size of their desks based on their status and what they did. Now, those are just some of the characteristics that need to be taken into consideration when creating workplaces, alongside others such as how much meeting and shared office space is needed, whether certain people need a dedicated workstation at all, how to give them choices about where they work and with whom and how the building can adapt to changing teams and objectives.

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May 19, 2015

Lateness and constant whining are most annoying office habits

by Sara Bean • Facilities management, News, Wellbeing, Workplace

Someone who is perpetually late is the most annoying workplace colleague according to a new survey of UK office workers, although only a third are prepared to do anything about it. However, just over 40 percent of respondents said that this kind of behaviour made them consider leaving their jobs with a striking five percent having actually followed through with such a decision. Colleagues who whine all the time were found to be the second most annoying people, the study into annoying office habits by Viking reveals. Misspent time was a key theme amongst the top five habits on the list of twenty, with excessive smoking breaks and deliberate procrastination taking top positions. Contrary to popular belief, jargon isn’t the most annoying practice to plague our offices. In fact, both men and women rated jargon in the bottom three.

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May 8, 2015

The death of the office has been overstated but it is changing, study confirms

by Mark Eltringham • News, Property, Workplace design

The implications for the property industry of more efficient space planning models and the uptake of flexible working are laid bare in a new report from planning and design consultancy Nathaniel, Lichfield and Partners (NLP). The headline figure from the report, Workspace Futures: The changing dynamics of office locations is that the office stock in England and Wales rose by 17 percent in the twelve years to 2012 while the numbers of office based staff increased by around 21 percent. The report includes details on how these trends affect 11 key locations including Manchester, Cambridge, Bristol, Newcastle and Reading and concludes that while ‘the death of the office has been largely overstated’, the market is undergoing structural changes that need to be addressed by developers and government.

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April 29, 2015

First BREEAM standard for refurbishment and fit-out awarded to Bristol office ⁰

by Sara Bean • Environment, Facilities management, News, Property

An office at Bristol’s Aztec West Business Park has become the first building to be certificated under the new BREEAM UK Refurbishment and Fit-Out standard. Legal & General Property’s building at 740 Waterside Drive has been awarded design stage ‘Very Good’ ratings against Parts 2 and 3 of the scheme for the refurbishment and fit-out of its core and local services. The £5 million, 51,000 square feet project took 30 weeks to complete and includes an extensive range of refurbishments and improvements. These include fully replacing the mechanical and electrical systems, installing photovoltaic panels on the roof, enhancing the airtightness of the building and improving its EPC rating to achieve an EPC A. BREEAM UK Refurbishment & Fit-Out 2014 has been developed to assess a wide range of project types.

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April 27, 2015

Business clusters fuel growth in office occupier demand in smaller cities ⁰

by Sara Bean • Facilities management, News, Property

Smaller cities, including Brighton, Solihull, Reading and Warrington [pictured], look set to see a growth in occupier demand for office rentals over the few years, a new report has revealed. JLL’s ‘Where Next in the UK?’ report analysed the economic and office market performance of 37 smaller towns and cities giving an insight in to which locations will offer investors the biggest opportunity over the next five years. It shows some smaller cities are found to have a stronger outlook than the ‘Big 6’, (Bristol, Birmingham, Manchester, Leeds, Glasgow and Edinburgh). The success of these smaller cities, says the report, will be closely associated with their ability to develop and grow clusters of businesses, for instance a growing nuclear research and technology cluster in Warrington – along with strong university links and the provision of integrated transport and infrastructure.

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April 23, 2015

Proposal to fund development of Grade A office space in Northern Ireland ⁰

by Sara Bean • Facilities management, News, Property

Plans to develop a scheme that ensures Northern Ireland has enough Grade A office space to meet its needs has been launched by business development agency Invest NI. It follows the publication of a report that found while demand for Grade A offices has remained relatively steady over the past three years, with no new development taking place, both the overall supply and Grade A supply has fallen steadily. Of the total supply, only around 320,000 sq ft is classified as Grade A, 250,000 sq ft of which is located in Belfast City Centre. Nearly a quarter (21%) is contained within units that are smaller than 10,000 sq ft, a further 36 percent within units sized between 10-20,000 sq ft and there are only three office buildings across Northern Ireland that could offer space exceeding 20,000 sq ft.

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April 21, 2015

Workplace Week to increase office tours as part of plan to double money raised ⁰

by Sara Bean • Events, Facilities management, News, Workplace design

Plans have been unveiled to double the amount of money raised for BBC Children in Need at this year’s Workplace Week, the week-long showcase of workplace innovation. Last year’s event, which saw more than 100 people attend the workplace tours, day-long convention and fringe events, raised over £13,000. Andrew Mawson, MD of workplace consultancy AWA, and the brains behind the venture, which is now in its sixth year, has set a target of £25,000. To achieve this aim, the number of workplace tours will be doubled, which this year shall include PWC, [pictured] Mintel and the Guardian. Capacity will be increased at the convention, with a small number of paid-for exhibitors and programme advertising allowed. Organisations from the built environment will be encouraged to arrange relevant Fringe events – breakfast or lunchtime seminars, or evening sessions to take place during the week – for which they’ll pay a small donation.

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April 21, 2015

UK office market grows as employers enhance quality of workspace ⁰

by Sara Bean • Facilities management, News, Wellbeing, Workplace design

The level of activity in the UK office market has grown as employers strive to create environments designed to enhance staff wellbeing. According to the 2015 edition of the annual Office Report from property consultancy Lambert Smith Hampton, occupiers have expanded headcount and upgraded their accommodation, helping to propel take-up in markets up and down the country. Edinburgh reported record activity; Oxford, Cardiff, Bristol and Cardiff all posted take-up well ahead of their 10-year averages and Manchester enjoyed its best year since 2001. However, over 11 m sq ft of office space has been earmarked for alternative use since the relaxation of planning rules. This equates to an area the size of all the office floor space in Reading being converted into new uses such as apartments and hotels, since the introduction of Permitted Development Rights in May 2013.

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April 17, 2015

Want to rile the electorate? Buy some office furniture. ⁰

by Mark Eltringham • Furniture, News, Public Sector, Workplace design

It’s fair to say that most people can go about their day to day lives without worrying too much about the price of office furniture. That is until they need to work themselves into a state of excitement about the amount of taxpayers’ money being spent on desks and chairs. We’ve already highlighted how the hackles of the electorate are raised easily by the sight of refurbished offices although we are at a loss to explain why, especially when you consider it in comparison to the spectacular foul-ups associated with IT procurement and the fact they probably don’t sit around on tea crates at home. This visceral reaction is an international phenomenon. While the good people of Sheffield can whip themselves up about a £73 task chair, across the pond a political storm has formed around the £4 million expenditure of the Internal Revenue Service (IRS) on office furniture.