June 20, 2019

EDGE enters UK market with project on South Bank

by Neil Franklin • Company news, Property, Technology

EDGE Technologies, the specialist developer best known for its groundbreaking The Edge building in Amsterdam has announced its entrance into the UK commercial property market with the £50m acquisition of 60 St Thomas Street on London’s South Bank. The acquisition is subject to planning permission, which EDGE will pursue in partnership with the seller. The partners will consult closely with Southwark Council and the local community. After completion of the development – four to five years from now – 60 St Thomas Street will be an optimised office environment and a new workspace fit for the future. (more…)

June 20, 2019

London remains second most expensive office market

by Neil Franklin • News, Property

Hong Kong Central and London’s West End held onto their top spots in a ranking of the most expensive office market locations in the world at $322 and $220.70 per sq. ft. per year respectively according to the latest Global Prime Office Occupancy Costs report from CBRE. The ten most expensive markets were the same markets as last year, though several have changed positions within the top category. The biggest gainer within the top 10 was Midtown Manhattan ($196.89) in New York City, which climbed to the fourth most expensive market this year from the sixth last year. London City retained its number 10 position on the list at $139.75 per sq. ft. (more…)

June 20, 2019

Tech workers prefer to work for larger corporations

by Mark Eltringham • News, Technology, Workplace

UK SMEs are losing out to big tech in the battle to recruit top tech talent, according to Robert Half UK’s new report, Recruiting for the future: The challenges for UK SMEs. The white paper, which was based on an independent study of Chief Information Officers (CIOs) across the UK, found that three quarters (75 percent) of CIOs believe that it is more challenging for SMEs to attract tech workers because they prefer to work for larger technology companies. (more…)

June 20, 2019

Area opens new Birmingham office

by Freddie Steele • Company news

Office design and fit-out form Area is expanding its UK operation and opening a new office base in Birmingham to support and grow its existing client base. The move to Birmingham – one of the UK’s most dynamic regions – comes on the back of a series of successful projects in the region and builds on strong relationships with local clients such as Mills & Reeve, Zurich, Legal & General, Jaguar Land Rover, KPMG, Handelsbanken, Aviva, Grant Thornton and Deloitte. Birmingham and the West Midlands are regarded by economists and businesses alike as one of the most promising places in Britain to invest and grow, which creates opportunities for the commercial property market. (more…)

June 19, 2019

Culture clash means one in ten non-native workers leave jobs

by Neil Franklin • News, Workplace

A new report from Jobsite claims that almost one in ten (8 percent) non-native workers in the UK have had to leave a job because of a culture clash or they felt they didn’t fit in, and a quarter (23 percent) of those working in multicultural teams feel their workplace has become less accepting towards their non-UK colleagues since the EU Referendum. The survey claims that over a third (35 percent) of non-native workers believe their career progression has been impacted whilst a further 13 percent think they have been overlooked for a promotion due to their cultural background. (more…)

June 18, 2019

Coworking is reshaping office market in London

by Neil Franklin • Coworking, News

The flexible office and coworking markets have grown rapidly over the last five years, with more than 4 million sq ft leased to flexible office providers in Central London, according to a new report from digital office broker Hubble in partnership with JLL. Despite WeWork dominating the headlines and pioneering the uptake of coworking, the London market remains highly fragmented, with more than 150 providers offering some form of flex or coworking space in more than 650 separate locations. Flexible offices are projected to grow to a 11 percent share of overall office stock in London by 2023. At the end of 2018, flexible offices had a 6.3 percent share of the Central London market (14.7 million sq. ft.) and this number is set to keep growing. (more…)

June 11, 2019

The lack of female role models in STEM

by Neil Franklin • News, Workplace

A new study claims there is a serious lack of female role models within STEM (science, tech, engineering, maths), leaving a generation of girls without inspiration and identifiable routes to pursue careers in science and tech. In fact, the research from jobs board CWJobs claims that UK workers in STEM are at a loss when it comes to naming key role models in their industry. Despite working in a STEM field, these professionals are more likely to recognise the Big Bang Theory’s Dr Sheldon Cooper over celebrated real-life scientists and mathematicians. (more…)

June 11, 2019

Over half of US workers offered flexible Fridays

by Marie Hillen • Flexible working, News, Workplace

This summer, over half (55 percent) of US employers will offer employees the option to leave work early on Fridays or take the entire day off. The new survey by Gartner claims that so-called flexible Fridays are an example of the sort of perks organisations are offering to gain competitive advantage in attracting and retaining top talent in a labour market which features record low unemployment levels.

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June 10, 2019

Coworking disrupts office design ⁰

by Paul Goodchild • Comment, Coworking, Facilities management, Flexible working, Workplace design

In his book How Buildings Learn, the author Stewart Brand outlines the process whereby buildings evolve over time to meet the changing needs of their occupants. He describes each building as consisting of six layers, each of which functions on a different timescale. These range from the site itself which has a life cycle measured in centuries, through to the building (decades), interior fit out (years), technology (months), to stuff (days). The effectiveness of a design will depend on how well it resolves the tensions that exist between these layers of the building, and this is one of the benefits of coworking that isn’t discussed enough.

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June 6, 2019

In defence of open plan office design

by Elizabeth Mixson • Features, Workplace design

Noisy, distracting, toxic and disastrous. These are just a few words that have been used to describe open plan office layouts. Though the open office layout model was originally conceived to promote collaboration, innovation and stronger workplace relationship, if recent press is to be believed, it’s had the opposite effect at many companies. (more…)

June 5, 2019

C-suite reskills to face challenge of disruption

by George Eltringham • News, Work&Place

An emerging super-group of employees and consumers in the UK is adding intense pressure to already challenged C-suite leaders who are navigating tough economic, technological and geo-political environments – further threatening company growth, a new Accenture (NYSE: ACN) study finds. With nearly three-quarters (73 percent) of these powerful stakeholders believing they have the potential to destroy company value in the long term, the C-suite understands the need to respond. (more…)

June 3, 2019

Come for the rent, stay for the experience of coworking

by Aki Stamatis • Comment, Coworking, Workplace design

When attending last year’s CoreNet Global Summit in Boston, there was a poll of the real estate executives gathered to discuss the key trends affecting the world of commercial property. During the event we were asked about our attitudes to coworking by the event organisers and Cushman & Wakefield. What emerged was a portrait of genuine revolution in real estate thinking. The number of employees from the respondents’ organisations using coworking space had doubled in the previous two years and now stood at around 11 percent of all employees. (more…)