Search Results for: real estate

London office rents to rise due to “Boris bounce”

London office rents to rise due to “Boris bounce”

London office rentsRents for new, Grade A office space are likely to rise in many parts of London this year, a property consultancy has predicted. According to Carter Jonas, rents for prime located, new, mid-rise, Grade A space above 5,000 sq ft will typically increase by £1.50 – £2.50 per sq ft per annum by the last quarter of 2020 across most of the London office sub-markets. The forecast increases are being underpinned by continued low vacancy rates and unexpectedly strong demand as business confidence increases following the general election. More →

End of Brexit uncertainty boosts London commercial property market

End of Brexit uncertainty boosts London commercial property market

commercial propertyLondon is set for an increase in commercial property investment in 2020 as international investors target the capital’s high-yielding office market, following the decisive 2019 UK General Election result. According to the latest research from Knight Frank, investors have increased the total capital targeting London commercial assets to £48.4bn, a 21 percent rise on 2019 and £2bn higher than 2018. However, with just £2.3bn of buildings for sale, investors will face strong competition, which is expected to drive values higher in 2020. More →

Workplace culture can eat strategy for breakfast

Workplace culture can eat strategy for breakfast

It was management consultant and author Peter Drucker who coined the well-worn maxim that “culture eats strategy for breakfast”. But often it is used in the wrong way. Far from suggesting that culture alone dictates workplace function, he presented culture as a first among equals. A strategy that does not heed culture is more likely to fail. A culture without strategy is prone to go adrift. It is vital for an organisation to be aware of its own culture and subcultures. Without self-awareness, the steps to improve or nuture those within the organisation will be futile. More →

The vaguery of workplace serendipity

The vaguery of workplace serendipity

It has become vogue to refer to the workplace as being ‘all about people’. It points in all directions at once. Organisations need fit, healthy, happy, skilled, motivated, engaged and purposeful people being (and feeling) productive and doing their best work every day. They want their people working closely together – they’ve spent a lot of time and money drawing in those they feel can contribute to a whole that is other than the sum of the parts. More →

Commercial property market will be shaped by climate change in 2020

Commercial property market will be shaped by climate change in 2020

commercial propertyThe world’s commercial property markets will be defined this year by low interest rates, socially responsible investing, cautious optimism and climate change as well as six other factors according to Avison Young’s 2020 Forecast. The annual report series claims to provide perspective on how global events, trends and indicators impact commercial real estate in a variety of sectors, including capital markets, office, retail, industrial, multi-family and hospitality, among others.

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The tipped out, left out and fallout from a failing workplace culture

The tipped out, left out and fallout from a failing workplace culture

The big workplace news story of the past week or so appears to be one about a toilet seat. Sometimes it’s in the small things we can discern a greater truth. To see a world in a grain of sand, as William Blake wrote. The seat of this much discussed loo is tilted forward by 13 degrees so that after about five minutes it becomes very uncomfortable because people tire of using their legs to stop themselves sliding off. The reason is clearly to stop them ‘wasting time’ on the toilet. More →

RICS report calls on organisations to adopt more responsible policies

RICS report calls on organisations to adopt more responsible policies

The Royal Institution of Chartered Surveyors (RICS) has launched a new ‘Responsible Business Report with recommendations for real estate firms to develop and implement responsible business practices, to improve their business culture, reduce their environmental impact and attract and retain the brightest talent. Best practice case studies from leading companies such as CBRE, Sodexo, John Lewis and Vinci Facilities are included in the report. More →

Occupier priorities are shifting, according to new facilities management trends report

Occupier priorities are shifting, according to new facilities management trends report

what people want from facilities managementCBRE Global Workplace Solutions (GWS) has published the 2019 edition of their Top Trends in Facilities Management report. The latest version of this annual report claims to highlight how changes in occupier needs are impacting FM strategies. The latest trends are broken down into four broad categories: client relationships; contracts; an increasing focus on people and technology. More →

Growing number of major firms commit to net zero carbon buildings

Growing number of major firms commit to net zero carbon buildings

Today, seven major global private sector companies including Goldman Sachs and Lendlease have announced pledges to slash emissions from their buildings to net zero, by signing up to the World Green Building Council’s (WorldGBC) Net Zero Carbon Buildings Commitment (the Commitment). The organisations have pledged to take urgent action to ensure their own portfolios of buildings operate at net zero carbon by 2030 or sooner. More →

Channel 4 confirms move to landmark Leeds building

Channel 4 confirms move to landmark Leeds building

One of the UK’s leading broadcasters has confirmed its deal with the Rushbond Group for its new national headquarters to be at The Majestic in Leeds city centre. The third, fourth and fifth floors of the building will become home to Channel 4, with teams from across the organisation coming together to operate out of the iconic building. The deal with Channel 4 leaves four floors remaining, from 8,000 sq ft to a total of 39,000 sq ft of workspace to be let to additional dynamic organisations. More →

Knight Frank and Work.Life launch flexible office platform

Knight Frank and Work.Life launch flexible office platform

flexible officeKnight Frank is the latest established property business to launch a flexible office offering. In partnership with flexible office provider Work.Life announce the launch of new flexible managed workspace solution, Yours. A joint venture between Knight Frank and Work.LifeYours claims to “partner with landlords to provide a comprehensive offer, incorporating a sales strategy that addresses both flexible and traditional market demand. The platform streamlines the design and delivery of resalable workspaces, and offers a suite of ongoing services and extras to businesses, including access to Work.Life’s network of coworking spaces and amenities.” More →

Merging workplace cultures and breaking habits

Merging workplace cultures and breaking habits

Ricoh London workplaceHuman beings are hardwired to be creatures of habit. From birth, we learn behaviours and develop routines that are reinforced over time through repetition. Researchers at MIT claim the neurons in our brains are responsible for this process. When someone begins a new activity a certain part of the brain kicks into gear, helping them to learn the exercise quickly. But once the action is repeated successfully, the scientists found, those same neurons only really come to life at the beginning and end of the activity. This is the reason that mundane tasks, like getting dressed or driving a car often feel like they’re performed on ‘autopilot’ and why breaking bad habits is so difficult, including those we develop in the workplace. More →