August 14, 2019

London commercial property market continues to thrive

July saw some of the largest deals complete in central London this year, says Savills, with a total of £1.394bn transacted in the West End and the City of London across 13 deals, representing a 185 percent increase on the £489m transacted in June. The real estate adviser highlights the low exchange rate coupled with high demand as the key factors behind the ongoing drive for deals in the London commercial property market. More →

August 7, 2019

One in ten firms sued for business rates arrears

by Neil Franklin • News, Property

Around one in ten businesses in England were sued by their local authorities over the past year for failing to pay rising business rates, new data suggests. According to real estate consultancy Altus Group, around 750 businesses were sued each working day. The real estate group said the figures highlight the cost pressures on UK businesses, as the occupies of around 190,000 commercial properties came to court over the non-payment of rates during the last financial year. The report claims that the occupiers and owners of offices, shops, pubs and restaurants have called for cuts to business rates. According to Altus Group, the standard rate of tax, which applies to all medium and large premises in England with a rateable value of more than £51,000, rose by 2.4 percent on 1 April 2019. More →

July 31, 2019

Flexible offices continue to dominate UK property market

by Neil Franklin • Coworking, News, Property

Take-up across the UK’s ‘Big Nine’ regional office markets rose to 2.3 million square feet during second quarter of 2019 according to the latest market update from property advisors Avison Young. This is up ten percent up on a 10-year average, with activity was skewed towards flexible offices, larger deals, city centres and the technology media and telecoms sector. More →

July 24, 2019

Agile working? This is Frank’s World and the rest of us just live in it

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

James Joyce had a word for moments of insight when we see right through convention and suddenly appreciate how things really are. He called such moments epiphanies. Such a flash of insight happened to me three or four years ago in Texas. I had been explaining to the partners of a very large international client how they could use their office space more effectively. Since these partners were rightly concerned with driving down occupancy costs, including rent, property taxes, service charges and energy costs throughout all their operations everywhere, my proposals were very acceptable. More →

July 24, 2019

Commercial property sector shifts focus to wellbeing in response to tenant demands

by Mark Eltringham • News

A new report from the Urban Land Institute (ULI), claims that the wave of interest in wellbeing in the UK is expected to translate into significant investment from the commercial property sector over the next three years. The report, Picture of health: the growing role of wellbeing in commercial real estate investment decision-making, has been published by the ULI UK Sustainability Forum to highlight the rise of wellbeing investment in commercial buildings. The report from ULI UK was sponsored by E.ON and addresses questions about the investment case for incorporating wellbeing into buildings and how to measure its impact. More →

July 17, 2019

CoreNet Global Summit to focus on workplace experiences

by Freddie Steele • Company news, Events, Property

Corporate real estate and workplace association CoreNet Global has announced that its Global Summit taking place in Amsterdam in September will examine the role that corporate real estate can play in leading, creating and fostering experiences that enable business success. The Summit, Amsterdam, which takes place this September, expects to bring together more than 650 corporate real estate executives, 100 speakers across 50 sessions. More →

July 12, 2019

A life after carbon for the built environment

by Peter Plastrik and John Cleveland • Cities, Environment, Features, Technology

A new urban model is emerging worldwide – transforming the way cities design and use physical space, generate economic wealth, consume and dispose of resources, exploit and sustain the natural ecosystems they need, and prepare for the future. This emerging new urban paradigm has profound implications for players who care about and depend on the design of a city’s built infrastructure – including architects, engineers, builders, real estate developers, and office building tenants. More →

July 11, 2019

Commercial property investors losing appetite for UK

by Freddie Steele • News, Property

Enthusiasm among international investors for the UK commercial property market has continued to wane over the past quarter, according to BrickVest’s latest commercial property investment barometer. According to the data ,capturing the views of over 6000 international professional real estate investors, only 27 percent view the UK as their preferred market, a 4 percent fall in the past 12 months. More →

July 5, 2019

NeoCon marks a transitional year in 2019

by Anna King • Features, Workplace design

Chicago, considered the home for the modern workplace by many, played host once again to the 51st edition of NeoCon at The Merchandise Mart. The Mart, as is it affectionately known, is itself an interesting building; a vast space of 25 floors, it spans two city blocks and was the largest building in the world when it opened in 1930. More →

July 3, 2019

Getting a sense of productivity and motivation

by Jeff Revoy • Comment, Technology, Wellbeing, Workplace design

When business operators are planning their company’s office, price is often chief among their priorities. Keeping the fixed cost of real estate low helps companies project—and increase—their expected income. Price is not just a consideration when it comes to rent; assets such as office furniture are often purchased en masse and for purely utilitarian reasons. Sure, a business is saving money by designing a no-frills, utilitarian office, which some Feng Shui experts would agree with, but what they are ignoring is how space affects productivity, motivation and enjoyment. More →

June 26, 2019

WeWork completes largest office deal in Birmingham this year

by Mark Eltringham • News, Property

WeWork has agreed a deal to take over all seven floors of Six Brindleyplace in Birmingham. The deal is the coworking provider’s third in the City this month alone, following deals for 55 Colmore Row and Louisa Ryland House, both in the Colmore Business District in the city centre. The deal for the 97,000 sq. ft. of Six Brindleyplace is believed to be the largest office deal in Birmingham so far this year, bringing its total offering in the city to 200,000 sq. ft. More →

June 25, 2019

Leesman and Delos launch wellbeing benchmark

by Neil Franklin • Company news, Wellbeing

Leesman, the workplace experience analysts, and Delos, a wellness real estate and technology firm, have announced a new collaboration to investigate how real estate strategy can better support wellbeing at work. With a variety of strategies being promoted as a secret to ‘wellness at work’, this collaboration aims to test and validate the impact of real estate strategies on worker wellbeing on an ongoing basis, and not only when an office is new.