November 19, 2019

New London office building hits five year low

Although occupier demand remains high, the construction of new offices breaking ground in London over the last six months is down by nearly a half (49 percent) – the lowest level of new starts for five years, according to the London Office Crane Survey by Deloitte Real Estate. In the last six months, only 24 new schemes (1.8 million sq ft) commenced construction compared to 37 schemes (3.5 million sq ft) in the previous survey of London office building. More →

November 16, 2019

Is IoT the answer to occupancy level issues?

by Byron BeMiller • Comment, Facilities management, Technology

A frequently heard claim from manufacturers is that all Internet of Things (IoT) technology is the panacea to occupancy level issues for owners and managers of commercial buildings. The obvious retort is “Well, they would say that wouldn’t they?” since the equipment they have on offer is produced with the sole purpose of putting a degree of intelligence into smart buildings. The benefits of making your commercial premises ‘smart’ have been aired many times – including the ability to manage in real-time systems for air quality, temperature, noise levels, fire detection, equipment failure, and lift management. While having this kind of information at your fingertips is undoubtedly useful, the management of occupancy is an area where building managers are starting to see real dividends because they are able to make major savings in running costs. More →

November 14, 2019

Next generation of property talent celebrated at BCO NextGen Awards

by Freddie Steele • Company news, Property

The UK’s rising stars in the commercial property sector have been recognised at the British Council for Offices’ (BCO) fourth annual NextGen Awards ceremony. The Awards are part of the BCO’s NextGen programme, which sets out to mentor and encourage the next generation of professionals to become future leaders in the industry, whilst providing a platform for new talent to share ideas. The ceremony, which took place at The Porter Tun, London, was attended by the country’s top designers, developers, architects and occupiers under the age of 35. It celebrated the achievements and successes of young professionals in the commercial property sector across the UK, and the leaders who have inspired them. More →

November 6, 2019

Cyber security remains a key tech priority for businesses

by Neil Franklin • News, Technology

Organisations are prioritising investment in cyber security to strengthen their defences against their perceptions of a growing threat, according to a new survey of its customers to gauge their technological priorities by Softcat. According to a BBC report, 55 percent of UK firms have experienced a cyber-attack in 2019, up 15 percent compared to last year, signifying a growing threat so their fears may be well-founded. Softcat’s survey claims that 83 percent of industries ranking cyber security as their biggest technology priority for the year ahead. More →

November 4, 2019

Brexit continues to dampen UK commercial property market

by Neil Franklin • News, Property

The Brexit impasse is contributing to perceptions that the UK Commercial Property Market is in the downturn phase of the property cycle, according to the Q3 2019 RICS UK Commercial Property Market Survey. The latest results suggest that the highest proportion of respondents sensing the overall market is in the downturn phase of the property cycle since the series began in 2015 (+62 percent up from +53 percent in Q2), with anecdotal evidence suggesting that Brexit is having an increasingly detrimental impact on market activity. More →

October 30, 2019

UK and Irish law firms lead the way in adoption of agile working

by Neil Franklin • News, Workplace design

UK based law firms lead the way in the adoption of agile working, according to a new report from CBRE which looks at the workplace strategies of major legal practices across EMEA regions. CBRE’s Law in EMEA report offers what it claims is the first ever benchmark analysis of the legal sector internationally. Although the report suggests that agile design principles are shown to be strongly associated with lower rents per person in local markets, there is limited take up of this approach amongst legal firms outside the UK.

October 22, 2019

Many flexible office users would prefer to work in conventional space

by Mark Eltringham • Coworking, News, Property

Joint-research from Gensler and the British Council of Offices (BCO) on the rise of flexible workspace in the UK corporate sector claims that 40 percent of flexible office users would rather work from a conventional office. According to the report, while the future of coworking is increasingly being explored as part of academic and industry research, there has been limited focus on what it means for large corporate occupiers. The 2019 Rise of Flexible Workspace in the Corporate Sector Report (choir members only) aims to identify the drivers of and the barriers to – the use of flexible space and coworking by large corporate occupiers. More →

September 26, 2019

Workplaces should change to entice people back into them

by Neil Franklin • News, Workplace design

A new report published jointly by Instant Group and Area addresses the issue of how ensure workplaces address the physical, technological and personal needs of the growing number of people who have a choice about where they work. The report explores what employers can do to ensure that the workplace is still a place where people want to be.

September 23, 2019

Growing number of organisations pledge to take action on climate change

by Neil Franklin • Environment, News, Property

As world leaders meet in New York for today’s UN Climate Action Summit, a group of 59 large multinationals including Swiss Re, Ikea, and L’Oréal have signed up to the UN Global Compact to pledge to cut greenhouse gas emissions. The compact now has 87 corporations as signatories, including Astra Zeneca and Unilever who signed up earlier this year, with a combined market value of $2.3 trillion. As is the case with countries, there is still a way to go for more companies to take decisive action on climate change, however. More →

September 19, 2019

Brexit causes commercial property investors to put plans on ice

by Neil Franklin • News, Property

New research commissioned by Experience Invest claims that the majority of UK commercial property investors have put their financial plans on hold as they await the Brexit deadline and 2019 Autumn Budget, new research from Experience Invest claims. Experience Invest commissioned an independent survey of over 1,000 property investors, who all own three or more residential properties in the UK. More →

September 19, 2019

Employee privacy issue explored at CoreNet Global Summit

by Freddie Steele • News, Property, Technology, Working culture

Employee acceptance of new technology was a recurring theme of the CoreNet Global Summit in Amsterdam last week. The business value of monitoring software was largely accepted during the three days of the Summit; however, the individual’s perspective – that the benefits that might be traded for loss of employee privacy – was widely acknowledged as a pressing issue. More →

September 18, 2019

A fantastic workplace does not have to be innovative, just fantastic

by Neil Usher • Comment, Flexible working, Workplace design

A recent report from AWA, Global Workplace Analytics and Haworth identified that over half of those surveyed in 130 organisations work in assigned positions. What was more interesting – than the report was the positioning of the key findings – the message being that in many respects organisations were denying their people the full benefits of an agile (or activity-based – we’ll use agile here) workplace, the blunted old farts.