Search Results for: real estate

March 15, 2023

Only one in eight office occupiers think their property aligns with their business objectives

by Jayne Smith • Facilities management, News, Property

Only around 14 percent of office occupiers believe their existing workspace portfolios align completely with their business objectives, according to a new report on the future of the office by the Urban Land Institute and The Instant Group. The ‘state of flux’ identified in the report suggests that while the office is ‘here to stay’, the sector is bracing itself for a profound shift. Two thirds (62 percent) of office landlords expect a decrease in capital values with the current valuation model and less than 2 percent of asset owners feel they have the required capex to respond to occupier and ESG legislation-related requirements. (more…)

March 15, 2023

Office market continues to fail on environmental standards …. say landlords

by Neil Franklin • Environment, News, Property

A new survey that explores the state of sustainability within the UK office market, jointly commissioned by infinitSpace and The Instant Group, claims that the office market is falling behind on environmental policies. The poll of 250 landlords suggests that almost half (47 percent) of landlords believe the office market is lagging behind other areas of the property sector in implementing/adopting environmental policies. The same number say they can’t ‘go it alone’ with 47 percent of landlords agreeing they need help in shaping environmental policies. At the same time, 84 percent of landlords report a vacancy rate of 30 percent and above as average among their office building portfolio. (more…)

March 9, 2023

More than one in three Americans fear artificial intelligence could take their jobs

by Neil Franklin • News, Technology

A survey of 3,000 employees across the United States has shed light on the extent to which workers are concerned about the growth of artificial intelligence (AI) and its impact on their job security. The research, carried out by FreelanceWritingJobs.com, claims that just over 1 in 3 (35 percent) Americans are worried about the possibility of AI making their professions redundant. (more…)

February 15, 2023

Workspace Design Show returns (and so do we)

by Mick Jordan • Events, Features, Flooring, Furniture, Lighting, Workplace design

A few of you may already know this story. It was some 15 months ago and three old friends met up for the first time in quite a while (well, we had been through lockdowns etc). Having caught up with each other’s news, the subject turned to industry journals, what the three friends felt the market was missing and the possibility of collaborating in the not too distant future. That conversation occurred at the inaugural Workspace Design Show – which the three amigos were all hugely impressed by. The result of that conversation (and a few more chats and meets, of course) is Works. So, here we are, all those months later, pulling together a preview of the 2023 edition of WDS, which – we’re delighted to say – we’re very much a part of. And we don’t just partner with any one, you know. (more…)

January 27, 2023

Issue 13 of IN Magazine celebrates ten years of workplace insight

by Mark Eltringham • Environment, Facilities management, News, Premium Content, Technology, Workplace, Workplace design

The new issue of In Magazine has now been published. It marks ten years of Workplace Insight with a few things we think we know about work, working culture and work places. Elsewhere in this issue: Stephanie Fitzgerald talks about the unspoken privilege of wellbeing; we consider the sprawl of the world’s megacities; Jo Knight argues that the office sector needs to really up its game on the environment; Rene Stevens makes the case for a strategic approach to learning environments; we weigh up the pros and cons of retrofit and new builds; Neil Usher sets out to develop a universally acceptable definition of hybrid working; Andy Brown on what we really need data for; why dead tech hangs around; and we do the maths on what it means when people say the office should be worth the commute it takes to get to it. (more…)

January 26, 2023

The business case for the retrofit of existing buildings keeps getting stronger

by Paul Johnstone • Environment, Facilities management, Features, Property

The news last year that the M&S flagship Orchard House store on Oxford Street in London was to be demolished to make way for a new mixed-use development of shops, offices, restaurants and a gym sparked a very British sort of debate about the pros and cons of retrofit and refurbishment. This is M&S after all. It may not be the cultural touchstone it once was but it remains an institution. But the debate was also about some things you might expect right now, including the ongoing deterioration of Oxford Street, the loss of a landmark building (and an art deco one at that) and the suitability of the ten-storey, mixed-use development that was to replace it. (more…)

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…)