August 10, 2020

Central London office leases fall by over half in second quarter of 2020

According to research from DeVono Cresa, the second quarter of 2020 saw 1.2 million sq. ft of office space leased across central London – a drop of 57 percent on the previous quarter. With the market feeling the full effects of the COVID-19 lockdown, demand, availability and rents in central London all trended as predicted, but with the pace somewhat subdued. Q1 2009, at the time of the Global Financial Crisis (921,000 sq. ft leased), remains the lowest quarter of take-up. More →

August 7, 2020

A dog`s life in the future of work

by Mark Eltringham • Comment, Flexible working

Once upon a time. Not so long ago. We used to get ideas for stories on lots of different topics. These included those I often dismissed at the time as quaint, such as somebody’s thoughts on why you should bring your dog to work. Now I often hanker for such whimsy, faced with day 127 of an inbox stuffed with nothing much more than ‘how to return to the office after lockdown’. More →

July 29, 2020

Remote work and office life go hand in hand in a flexible future

by Neil Franklin • Flexible working, News, Property

The COVID-19 pandemic changed numerous aspects of how we live and work and led to a massive remote work experiment. A JLL survey of more than 3,000 employees working in multi-national companies across the globe claims that 71 percent of people have worked from home during the pandemic, and that 58 percent missed the office and 44 percent missed human interaction and socialising with colleagues. The largest cohort who missed the office was the under 35s, or millennials, with 65 percent citing poor home-office environments and missing support from their managers.

July 28, 2020

Containing office costs in the post-lockdown era

by Guy Brett • Comment, Property

As companies transition back to the office and set out on the road to economic recovery, business leaders are focussed on developing resilient and sustainable strategies. Faced with a new business environment, companies are looking for opportunities to contain office costs, both in the short-term and in the future. Some who have been immune from cost pressures in the past are looking to contain if not reduce costs for the first time. And, after a forced trial of remote working, many are viewing their property portfolio in a new light and questioning whether they are paying for more space than they need. More →

July 22, 2020

Older people are happiest at work

by Neil Franklin • News, Wellbeing

The latest edition of the annual Age Research by Engaging Works claims that the happiest people in the workplace are those beyond middle age. By comparison, young employees don’t feel rewarded or recognised and feel that their views are not heard at work. They are also more likely to suffer anxiety in the workplace. However, it’s middle aged employees who are struggling the most at work, admitting that they feel the least developed. They also feel that they have a poor feeling of wellbeing at work and that they don’t have enough information to do their job. More →

July 15, 2020

Commercial property market shows signs of life

by Neil Franklin • News, Property

UK commercial investment activity rose 42 percent in June compared to May, up from £755m to £1.3bn, taking total volumes for H1 2020 to £15.6bn, according to the latest market update from Savills. With the all-sector prime commercial property yield remaining stable at 5.21 percent in June, Savills says that together this may signal some stability is now returning to the UK investment market. More →

July 5, 2020

From the archive: the future of work and place in the 21st Century ⁰

by Mark Eltringham • Facilities management, Features, Flexible working, Technology, Workplace design

However much we know about the forces we expect to come into play in our time and however much we understand the various social, commercial, legislative, cultural and economic parameters we expect to direct them, most predictions of the future tend to come out as refractions or extrapolations of the present. This is a fact tacitly acknowledged by George Orwell’s title for Nineteen Eighty-Four, written in 1948, and is always the pinch of salt we can apply to science fiction and most of the predictions we come across. More →

June 24, 2020

The traditional commute to work may be a thing of the past

by Neil Franklin • News, Working lives

A majority of corporate real estate professionals (58 percent) in a recent survey say that the traditional nine to five, Monday to Friday work pattern is a thing of the past. The survey was conducted by CoreNet Global, the professional association for corporate real estate professionals – those who have responsibility for managing the real estate, including workplace configuration and locations, at large corporations globally. The survey was conducted among “end-users” only from May 27 – June 16. More →

June 16, 2020

Offices in the post lockdown era will focus on what they are good at

by Neil Franklin • News, Property

Office spaces will become a hive of activity in the future as more businesses embrace office designs which promote innovation, creativity and team collaboration, predicts commercial real estate advisors Colliers International. The EMEA Workplace Advisory team has published its latest report, Exploring the post-COVID-19 Workplace, which evaluates feedback from its global Work from Home survey to discuss future workplace trends. More →

June 11, 2020

The lessons learned under lockdown will help us grow and improve

by Alicia Michael • Features, Workplace design

As the global community navigates the Coronavirus crisis, the nature of the workplace will be more important than ever. We have been working remotely on an unprecedented scale, and the benefits are clear – flexibility, time with family, and reduced commuting as a start. In some form, working from home is here to stay, even as returning to the physical office becomes possible. However, we have also discovered the limitations to remote working. While teams have been able to stay connected virtually, this cannot substitute for face-to-face collaboration, which is essential to fostering innovation. More →

June 10, 2020

IWBI launches WELL health and safety rating for buildings

by George Eltringham • News, Wellbeing

The International WELL Building Institute (IWBI) has annouced the launch of the WELL Health-Safety Rating for all building and facility types, an “evidence-based, third-party verified rating focusing on operational policies, maintenance protocols and design strategies to address a post COVID-19 environment”. The new health and safety rating is one of the earliest outcomes of IWBI’s Task Force on COVID-19, a group of nearly 600 public health officials, virologists, government officials, academics, business leaders, architects, designers, building scientists and real estate professionals, which was established in late March to help guide a response to the pandemic. More →

June 3, 2020

Data is changing the role of the workplace and HR

by Shaun Guyver • Comment, Property, Workplace

Business leaders have been heavily dependent on HR, real estate, and technology functions working together to help their organisation adapts to this new world of work during the pandemic. Ensuring personal safety, promoting wellbeing, encouraging collaboration, and maintaining efficient service delivery will never be more important than in the coming months. The challenge facing CRE leaders is how to advise on the appropriate range of workspaces and hygiene standards to allow organisations and their people to thrive, and how to cut through the complexity of accessing and interpreting data to achieve this. More →