Search Results for: real estate

A quarter of corporate global workforce could inhabit coworking space within five years

A quarter of corporate global workforce could inhabit coworking space within five years

by • Coworking, News, Property

Over the next five years, corporate real estate professionals are set to dramatically increase their use of coworking spaces to house employees, according to a survey conducted at the CoreNet Global Summit in Boston. According to the results, the percentage of employees at respondents’ companies utilising coworking spaces such as that offered by WeWork (pictured) has doubled over the past two years. The survey was conducted by Cushman & Wakefield and CoreNet Global during the course of the three-day summit and was completed by more than 220 corporate real estate executives and industry service  providers.

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Flexible office market to grow by a third each year for next five years

Flexible office market to grow by a third each year for next five years

by • Facilities management, Flexible working, News, Property, Workplace design

Gig economy leading to growth of flexible office space says JLLThe gig economy has helped lead to the doubling in size of the flexible office space sector since 2014 and it’s set to grow by up to 30 percent per year over the next five years claims new research published by JLL. Disruption or Distraction, a report delving into the growth of flexible office space across Europe explores the main drivers of the sector’s boom – including evolutionary changes in how, when and where people work, shifts in lifestyle, and rapid advancements in technology – and provides unique insights into the risks and rewards for both companies and real estate investors in Europe. (more…)

CBRE launches its offering for the flexible office sector

CBRE launches its offering for the flexible office sector

by • Company news, Property

CBRE, one of the world’s largest commercial property firms has launched a flexible office service that will compete with groups such as WeWork and IWG, who own the Regus brand, for corporate tenants. The company has appointed a former Zipcar executive, Andrew Kupiec, to head Hana, a new wholly owned subsidiary that will operate flexible offices aimed mainly at larger corporate clients. Unlike its competitors Hana will not lease office spaces from landlords; instead, it will partner with them through joint ventures.

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South American firm to join global workplace design and fit-out network

South American firm to join global workplace design and fit-out network

by • Company news, Workplace design

South American workplace designer and fit out specialist Contract Workplaces has become the latest organisation to join The United Workplace (TUW). With over 20-years’ experience working across ten countries from Mexico in central America right down to Southern Ocean, Contract Workplaces dramatically increases the reach of the TUW as a global business network of workplace design and fit-out firms. Beginning with its founding partners Fourfront Group in the UK and Amicus in Australia, TUW now has members in the Middle East, USA and South America.

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Businesses may be blowing billions on unused office space

Businesses may be blowing billions on unused office space

by • News, Property

Big businesses in England and Wales are squandering £10 billion a year on under-used office space, a new study claims. The report by flexible workplace specialist Abintra draws together data from its work with more than 100 corporations worldwide. In London alone, it claims that the cost of office space being under-utilised is more than £4 billion annually with large firms in other regions collectively ‘squandering’ billions more. (more…)

Flexible workspace market in Asia-Pacific outpaces global markets

Flexible workspace market in Asia-Pacific outpaces global markets

by • Flexible working, News, Property

The flexible workspace market in Asia-Pacific has been the fastest growing in the world over the past 12 months, according to a new study from Instant Offices. Supply of flex centres in the regions key cities has grown consistently above 15 percent with the only inhibitor to growth being a lack of available space for expansion. Supply of flex space increased by 16 percent over the last year with an estimated 8,600 centres now providing flexible office solutions across the APAC region. This influx of capital to the flex market, alongside increasing levels of demand from clients for flexible offices, has enabled rapid expansion in a short period of time. Of the 10 largest global markets for flexible office space, which incorporates co-working, executive suites, serviced offices and hybrid space, six now fall within Asia Pacific.

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Commercial property uptake shows finance sector remains committed to London

Commercial property uptake shows finance sector remains committed to London

by • News, Property

Undeterred by political and economic headwinds in recent years, London remains a world leading financial centre and is by far the most active centre in Europe, according to the latest research from global real estate advisor CBRE. According to the report, 1.1 million people were employed in the UK financial services sector in 2017, of which 34 percent were in London. The industry contributed £119bn to the national economy (7% of UK GDP) – half of this was generated by London, where it accounted for 14 percent of the city’s economic output.

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Nearly a quarter of London office take up is in financial sector, says CBRE

Nearly a quarter of London office take up is in financial sector, says CBRE

by • Facilities management, News, Property

Nearly a quarter of London office take up in financial sector, says CBREDespite political and economic uncertainly and the aftermath of the global monetary crisis in 2008, London remains a leading global financial centre, with nearly a quarter (24 percent) of the capital’s office take-up attributed to banking and finance occupiers over the last ten years. London is by far the most active banking centre in Europe, according to the latest research from global real estate advisor CBRE. According to the report, 1.1 million people were employed in the UK financial services sector in 2017, of which 34 percent were in London. (more…)

How landlords can maintain their mojo and retain tenants

How landlords can maintain their mojo and retain tenants

by • Facilities management, Features, Property

Flexibility is rocking the foundations of the traditional commercial real estate world. It’s entering our workforces, our offices and the shock waves are extending to the relationship between landlord and tenant. This demand for increased flexibility from the world’s workforces is due to a convergence of social and economic factors.  JLL’s Top 10 Global Corporate Real Estate (CRE) Trends report predicts the emergence of a more dynamic workforce, demand for work environments that support creativity, cross-collaboration and innovation, and an increasing focus on employee wellbeing and performance will dominate global CRE strategies throughout 2018. This has major implications for both occupiers and landlords.

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A changing world with inbuilt human obsolescence defines first day of CoreNet Global

A changing world with inbuilt human obsolescence defines first day of CoreNet Global

by • Facilities management, News, Property, Technology, Workplace design

The  forces that are changing the world, from AI and the current digital and technological transformation, to the short and long-term implications of Brexit, provided many of the key lessons during the first day of the CoreNet Global Summit in Madrid.

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With six months to go before Brexit, only 630 finance jobs have left UK, claims Reuters

With six months to go before Brexit, only 630 finance jobs have left UK, claims Reuters

by • News

As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain’s surprise vote to leave the European Union, according to a new Reuters survey. Many bankers and politicians predicted after the June 2016 referendum that leaving the EU would prompt a mass exodus of jobs and business and deal a crippling blow to London’s position in global finance.

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British Property Federation announces plans to modernise commercial property sector

British Property Federation announces plans to modernise commercial property sector

by • News, Property, Technology

The British Property Federation (BPF) has launched a Technology and Innovation programme for the UK commercial property sector – to support the sector in its digital transformation – following the Government’s challenge to all sectors of the economy to improve productivity and deliver growth. The programme is launched with the publication of a new report produced by Future Cities Catapult, commissioned by the BPF, to understand the barriers to and opportunities for improving the productivity of the real estate sector through the application of technology.

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