Search Results for: real estate

The challenge for the office is to stay relevant

The challenge for the office is to stay relevant

The world is going through some painful changes at breakneck speed. As a result, the word unprecedented has reached number one spot on our ‘words to avoid’ list. What’s the big deal with unprecedented anyway? Our obsession with all things unprecedented taps into our fear of the unknown. But life itself is an unknown: Life is beta. Nothing is permanent. Every single day things happen that are unprecedented. Damn, said it again. (more…)

BCO releases lift and escalator guidance for reopening offices

BCO releases lift and escalator guidance for reopening offices

The British Council for Offices (BCO) has published new guidance for the safe use of escalators and lifts, as the country begins to return to the office. The safe use of lifts and escalators has been a priority for the industry, with 90 percent of decision-makers and influencers in the commercial office sector saying they were worried about their safe use. To help solve these headaches, the guidance emphasises the importance of social distancing and strict hygiene measures. (more…)

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

A dog`s life in the future of work

A dog`s life in the future of work

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…)

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

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

serviced offices and remote workThe 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.

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Containing office costs in the post-lockdown era

Containing office costs in the post-lockdown era

office costs after lockdownAs 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…)

Older people are happiest at work

Older people are happiest at work

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…)

Commercial property market shows signs of life

Commercial property market shows signs of life

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…)

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

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

future of work and placeHowever 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…)

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

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

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…)

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

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

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…)

The lessons learned under lockdown will help us grow and improve

The lessons learned under lockdown will help us grow and improve

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…)