July 14, 2014
The latest Workplace Insight newsletter is available to view online
In the latest copy of the Workplace Insight newsletter available to view online; Chris Kane argues that people and place are a company’s most valuable assets and only by developing them both in tandem will you unlock their true value. We reveal that far from improving their work/life balance, flexible working means nearly half of managers work an extra day each week; the Dutch beat the Germans in workplace happiness and productivity levels, and the UK’s public sector spends almost twice as much on outsourced services as the country’s private sector. The BBC announces plans to move more staff out of its central London offices as part of its strategy to reduce property costs, and news of a transformation in the way the US corporate real estate market approaches the environmental performance of buildings. We also include a link to the new issue of Work&Place, the journal we publish in partnership with Occupiers Journal.
June 27, 2014
Government must solve problem of London’s wasted commercial property
by Paul Statham • Comment, Facilities management, Property
The UK Government needs to act on the growing issue of wasted commercial property space in Greater London, and it needs to do so as a matter of some urgency. Statistics from the Department for Communities & Local Government (DCLG) show that since 1998, a worrying 58 per cent of London boroughs have seen vacancy rates either increase or stay the same. What is most concerning for businesses in the London region is that this rising figure, coming at a time when commercial rents are soaring, has gone unchecked since 2006, the time at which the DCLG stopped collating the data because of budgetary cuts. One of the worst performing boroughs is the City of London, which has seen a 100 per cent increase in vacant commercial properties during the period from 1998 up until the point at which the DCLG stopped publishing data.
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