Search Results for: real estate

Financial companies learning to better utilise office space to attract right talent

Financial companies learning to better utilise office space to attract right talent

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

Nasdaq offices in PhiladelphiaFinancial services organisations are reducing the amount of commercial office space they require as they adopt more flexible work styles. This is according to a new report from HOK’s US team, The New Financial Workplace, an investigation into the threats and challenges facing the financial services industry, with a special focus on how new technologies like cryptocurrency, biometrics and blockchain are disrupting the sector. Financial services companies are being challenged by the emerging fintech industry, says the report, which is projected to grow to $8 billion in 2018. These traditional companies must adopt the cultures and workplace design practices of the technology industry to stay ahead.

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European commercial property market in good health as coworking phenomenon takes hold

European commercial property market in good health as coworking phenomenon takes hold

by • Coworking, News, Property

European commercial property markets have started 2018 in a positive way, with provisional data for 2017 from Knight Frank suggesting that investment volumes were higher than in 2016. If 2017 beats 2016’s total of €216 billion it will still remain well below the market peak of 2015 when over €250 billion was invested, according to the latest commercial property outlook report from Knight Frank. The real estate firm expects 2018 transaction volumes to be similar to those of 2017 and the report says that significant amounts of capital continue will be allocated to real estate.  The report also highlights how flexible workspace and coworking is now a Europe-wide phenomenon, with London, Berlin and Paris witnessing the strongest growth. The sector will continue to expand, as new styles of workspace are developed to service a growing variety of occupier needs, says the report. Last year Baptiste Broughton reported for us on the state of the coworking market in France.

The seven must-reads that were on our radar this week

The seven must-reads that were on our radar this week

by • AI, Features, Flexible working, Property, Technology, Workplace

What to do when you’re feeling distracted at work

The essential truths of management books distilled to 25 words

The past and present future of corporate real estate

A new approach to the design of work

How to tackle impostor syndrome in 2018

Managing an integrated government estate: lessons from the UK

Autonomous car hype is way ahead of reality

Image: Mercedes

UK commercial property volumes to exceed £50 billion for sixth consecutive year

UK commercial property volumes to exceed £50 billion for sixth consecutive year

by • News, Property

Despite 2017 being a year of political surprises and, seemingly, never ending Brexit negotiations, both the UK economy and commercial property market have shown demonstrable resilience with transaction volumes reaching £55 billion. With recent announcements suggesting more certainty about the post Brexit relationship between the UK and the EU, renewed business confidence will increase demand for quality commercial real estate. Global real estate advisor, Colliers International, predicts that 2018 volumes will exceed £50 billion for the sixth consecutive year.

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Flexible space and smart tech to grow this year, while occupiers decide on Brexit

Flexible space and smart tech to grow this year, while occupiers decide on Brexit

by • Coworking, Facilities management, Flexible working, News, Property, Technology

Flexi-space and Smart tech to grow this year, while occupiers decide on BrexitThe proportion of flexible space within occupier portfolios will continue to increase in 2018; a growing adoption of technology will redefine buildings, workplaces and portfolios; and it will be a year of decision for many businesses regarding Brexit. These are among the ‘UK Property Predictions 2018’ report from JLL which covers a range of different topics, with a particular focus on UK corporate occupiers. The report claims that traditional static portfolio concepts are being redesigned to incorporate new formats of space, co-working and a more fluid and diverse range of space options that support creativity, innovation and collaboration. (more…)

City of London on track for record levels of office investment

by • Cities, News, Property

The City of London is defying the doomsday Brexit scenario and on track to reach record levels of office investment in 2017, as Savills anticipates total turnover will hit £12.5 billion – subject to a number of deals currently under offer exchanging or completing before 31st December. This sees total transactions in 2017 doubling the 10-year average (£6.259 billion), in line with the all-time record volume seen in 2014 (£12.6 billion). The real estate advisor suggests the West End market will see £7.155 billion transacted in 2017 bringing total turnover in central London for the year £19.6 billion. Savills says that the weakness of sterling since the EU referendum has boosted the city’s attractions to overseas capital.  This has happened in tandem with a return of UK buyers to the London market. Figures from the firm show office take-up in the City and West End are both above the long-term average while more than a third of the city’s developments are pre-let.

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Podcast: From office to imaginariums, with Antony Slumbers

by • Podcasts, Premium Content, Property, Technology

In episode 14 of Workplace Matters, I am joined by Antony Slumbers, history of art graduate-cum-proptech entrepreneur, futurist and digital advocate. In a wide-ranging discussion which includes the inevitable advance of computer processing capability and artificial intelligence, Antony explains why the only option for future business success is to embrace our digital future. Making links to how this will impact upon our workplaces, Antony and I explore many of the points he made in this Work&Place article from earlier this year leading to a bold assertion: the office is dead, so it’s time to think differently.

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London office construction declines to three year low

by • Cities, News, Property

The development of new offices in central London has declined, according to the latest London Office Crane Survey by Deloitte Real Estate. Construction activity now totals 12.6 million sq ft, a 9 percent drop since the previous survey (six months ago). The survey reports 25 new office schemes starting construction, adding 1.8 million sq ft into the development pipeline. This is the lowest amount of new space started in over three years and 21 percent below the crane survey average. Refurbishment schemes once again dominate the new starts with 16 offices accounting for 70 percent of the volume. However, refurbishments are generally smaller scale than new-builds so the average size of schemes starting this survey has fallen to 73,000 sq ft, lower than the long-term average of 97,000 sq ft.

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Seven workplace stories that have focused our minds this week

by • Facilities management, Technology, Workplace, Workplace design

Innovation in real estate: it’s now or never

Is this the office that people really want?

We only have a ten percent chance of making AI safe

Good thinking might be your silver bullet

The once enlightened approach to staff wellbeing and engagement at Barclays

Drones will reshape how we build cities (registration)

Law firms average arrive and leave times

Image: Simon Heath

Serviced offices and coworking spaces boom in Manchester in response to growing customer demand

by • Coworking, News, Property

Rising demand from businesses for flexible working space has sparked a boom in the provision of coworking spaces serviced offices in Manchester in 2017, according to the latest office market snapshot by real estate advisors Colliers International. The report showed serviced office providers addressed the need for flexible working from small and growing operators by taking in excess of 100,000 sq ft of space in Manchester in the first three quarters of 2017. Major developments included global co-working specialist WeWork following the opening of its first office outside London at No 1 Spinningfields by adding another 44,000 sq ft at One St Peter’s Square and property developer Allied London launching its own co-working brand All Work & Social to operate alongside WeWork at Spinningfields.

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Seven workplace stories we’ve been reading this week

by • Facilities management, Features, Flexible working, Technology, Workplace design

UK law firms chop staff space despite headcount growth

What 15 minutes of solitude does for your emotions

Like it or not, popularity at work still matters

How younger men can help to break the glass ceiling

What do small businesses really contribute to the economy?

What technology will mean for traditional real estate models

Poor posture in people with disabilities can be fatal

Image: Claremont Group Interiors

Review: ushering in a new era for the coworking phenomenon 0

by • Comment, Coworking, Technology, Work&Place, Workplace design

Ramon Suarez has produced a very practical book, based on his own experience as one of the pioneers of coworking. And let’s be clear – it is coworking (not “co-working”; there is no hyphen), as Suarez explains, “a coworker (a member of a coworking space) is not the same as a co-worker (somebody who happens to work for the same company or in your same office)”. On his business card, Suarez describes his role as “Serendipity Accelerator”- you will understand that if you read the book. Suarez differentiates coworking from its many (and mostly false) aliases. Shared offices may be collaborative, but do not provide the network of people found in a good coworking space. Networked offices, where more than one company shares space and may collaborate, “come close” to coworking. Hacker & Maker spaces, Accelerators, Incubators and Cafes are similarly differentiated.

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