Search Results for: real estate

December 9, 2022

The Great Relearning about the Great Office Problem

by Mark Eltringham • Comment, Flexible working, Technology, Workplace design

One of the latest people to invent activity-based working is sociologist Ana Andjelic, who combines it with the similarly familiar hub and spoke office model on her substack as a solution to the Great Office Problem. She’s not the first and is a less surprising pioneer of a decades old model than some other people who should really know better. That includes an architectural practice who came up with the idea earlier this year and whose name escapes me. More →

December 2, 2022

Office sector net zero targets require significant shift in thinking

by Jayne Smith • Environment, Facilities management, News, Property

A new report, Delivering Net Zero Carbon in the Workplace [BCO members only] produced by University College London Consultants (UCLC) for the British Council for Offices (BCO), claims to identify the barriers that businesses are facing as they strive to drastically reduce the carbon footprint of their offices. The report, informed by over 100 office occupiers and building professionals, outlines the measures that those working in the office sector can take to overcome these barriers at what the report suggests is low or zero cost. More →

November 28, 2022

Lease cycle means West End office market will ‘reset’ by 2025

by Jayne Smith • News, Property

A BNP Paribas Real Estate analysis claims that London’s West End office market is on course to ‘reset’ by 2025 following a major leasing event cycle commencing in 2023, which will see a flurry of renewals, expiries and break clauses executed by both landlord and tenant, which will alter the market as we know it by the milestone year. According to the firm’s own West End data, 40 percent of the market will have a lease event in 2023 and 2024, with equally large volumes to follow in the two subsequent years. This freedom of tenant movement coupled with a restricted supply line, could drive rents on prime buildings from their current 2022 position of £140 sq ft to £200 sq ft in 2023 and £250 sq ft in 2024, and further into 2025 where the initial cycle ends. More →

November 25, 2022

TRILUX energy efficient lighting proves fit for the flexible, inclusive workplace of the future

by Freddie Steele • Company news, Lighting, Workplace design

A new installation at 20 Water Street in London allows a world leading, real estate services company to create a user-friendly, innovative workspace. The impressive downlight range from TRILUX opened the door to a complementary, tech-smart sustainable workplace lighting scheme – fit for the future of work. Global real estate advisor JLL’s new Canary Wharf office is in one of the most sustainable buildings in the UK. It recently relocated some of its London-based teams to the second and third floors at 20 Water Street, Wood Wharf. The move is part of its commitment to shaping the workplace for its employees, providing a flexible and inclusive work environment underpinned by a sustainable and technologically advanced workplace that boasts excellent connectivity and amenities. More →

November 23, 2022

Firms should focus on people in the drive for long term growth

by Neil Franklin • News, Wellbeing, Workplace

A new report by Economist Impact, sponsored by Kyocera Document Solutions, claims that human-centric strategies are needed for businesses to drive sustainable business growth, focusing on three pillars: productivity and infrastructure, employee engagement and culture. The Magnetic Workplace Barometer claims to gauge confidence both today and in five years’ time across what the report terms the three main pillars of productivity and infrastructure; employee engagement; and culture. The barometer scores are scaled from 1 to 7, 7 being the most confident. More →

November 21, 2022

Workspace Design Show announces inspiring speaker line-up for 2023

by Freddie Steele • Company news, Workplace design, Works Magazine

The Workspace Design Show returns for the second time, unveiling an exciting speaker line-up as part of its 2023 edition. Taking place once again at London’s Business Design Centre, the show brings together the UK’s workplace interiors community to explore the experience of tomorrow’s workspaces. The show will take place from 27- 28 February 2023, with the theme being Destination Workplace: Places Where People Want To Be. One of the highlights from the inaugural 2022 edition was the Show’s talks programme, which was well received by the workplace design community. More →

November 10, 2022

Retrofitting buildings essential to reduce energy costs and combat the global energy crisis

by Neil Franklin • Environment, News, Property

A new report from JLL claims that rising energy costs are expediting the move toward more efficient buildings. JLL’s Retrofitting Buildings to be Future-Fit research suggests that net-zero carbon (NZC) intervention measures directly impact a building’s bottom line and that failing to decarbonise leads to significant financial risk. For many buildings, meeting 2050 decarbonization targets put forward in the Paris Climate Agreement is grounded in retrofitting current spaces, which can also garner higher rents, reduce financial risk and generate higher occupancy rates and tenant satisfaction. More →

November 8, 2022

Hybrid working driving demand for areas with easier commutes

by Neil Franklin • Flexible working, News, Property, Workplace design

A report from Unispace claims that employees’ new preference for hybrid working has created an immediate need for firms to re-think their real estate footprint. Today, with over 60 percent of office-based employees preferring to work remotely or in a more flexible way, rather than commute to city centres five days a week, employers are considering the greater use or addition of satellite offices to their portfolio. According to the study of 3,000 office workers across Europe, 79 percent of the workforce would be happier to return to the office if it was just five to 10 minutes away from their home, suggesting that satellite offices could be a solution to boost collaboration, socialisation, engagement and staff retention. More →

November 8, 2022

Zero carbon tech for building materials gets $12 billion commitment at COP27

by Neil Franklin • Architecture, Environment, Facilities management, News

The World Economic Forum and US Special Presidential Envoy for Climate announced today at COP27, the expansion of a coalition of global companies, to commit $12 billion in 2030 purchase commitments for zero carbon and green technologies to decarbonise the cement and concrete industry and other hard-to-abate sectors. The latest expansion of the First Movers Coalition – made up of 65 companies with a collective market value of approximately $8 trillion – focuses on cleaning up one of the world’s most carbon-intensive industry sectors through purchasing commitments for low-carbon technology. From construction and engineering to real estate and developers, newly announced First Mover companies have committed to purchasing at least 10 percent near-zero cement and concrete per year by 2030. More →

November 3, 2022

WELL certification may boost occupant satisfaction, perceived wellbeing and productivity

by Freddie Steele • Company news, Environment, Wellbeing

A new study claims that WELL certification appears to boost levels of satisfaction and perceptions of health, wellbeing and productivity in people. The study claims to show an increase in occupant satisfaction by nearly 30 percent, as well as occupant perceived well-being scores by 26 percent, mental health by 10 percent and productivity by 10 median points in WELL Certified buildings. More →

October 25, 2022

The underlying problems with the way we think about work

by Mark Eltringham • Features, Wellbeing, Workplace design

An idea that has never really gone away, but which seems to be enjoying a new lease of life is the tabula rasa. The conception of people as a blank slate is something a that has crept back into mainstream political and social thought for a variety of reasons. Arguably, it is also behind many of the most misleading notions about work and workplace design, perhaps most importantly that a change to some single element or characteristic of a working environment will lead to a specific outcome in the behaviour of people. More →

October 14, 2022

Office fit out and rent rises will hit occupiers worldwide this year

by Neil Franklin • News, Property, Workplace design

Occupiers around the world are facing a 10 percent increase in office fit out costs with rental rises also squeezing budgets for those in EMEA, according to a new report from Savills. The firm’s Prime Office Costs (SPOC) analysis for Q3 2022 suggests that fit-out costs in key office markets around the world have continued to climb with inflation, rising an average of 10%, with increased rents in many markets also contributing to higher total net effective costs for office occupiers. Overall, the markets which have seen the largest increases in net effective costs (including fit-out costs, rents and other costs) over the quarter are largely clustered in the EMEA region, including Dublin (+7%), London City (+5%), Dubai (+3%), and Berlin (+3%). More →