October 17, 2014
Firms downsizing property dramatically as agile working takes hold, claims new report
The sharp reduction in the amount of office space used by corporate occupiers as they adopt more agile working practices has been confirmed in a new study from facilities management services provider MITIE. The survey, as reported in the British Institute of Facilities Management (BIFM) magazine FM World, found that between the years of 2008 and 2014 firms reduced their floorspace by an average of 45 percent. The results of the report, based on interviews with property directors, mirror those of the Occupier Density Survey published last year by the British Council for Offices (BCO) which also found a marked (if smaller) reduction. The authors of the MITIE report conclude, similarly, that the economic downturn has been the main catalyst for the reduction in property used by occupiers and that the main way firms have accommodated the fall is with the uptake of flexible working practices.
October 20, 2014
If you want to reduce the cost of your office, move to a creative area
by Maciej Markowski • Comment, Facilities management, Property, Technology
Clerkenwell Design Week
“First we shape our buildings, thereafter our buildings shape us.” Winston Churchill, House of Commons opening speech. Buildings do indeed shape us, but what seems to affect us even more is the neighbourhood. It’s the immediate environment as opposed to buildings that is much harder to create. It needs numerous factors to influence it, among them the two most precious components– the right people and enough time. Politicians all over the world dream of creating zones that will draw the most innovative companies. But it seems that most of them grow organically – the Silicon Valley in California, the Silicon Alley in New York and the Silicon Roundabout in London. The combination of low rents, proximity to the centre of a dynamic metropolis and interesting culture made the East London neighbourhood of Shoreditch, Clerkenwell and Aldgate a perfect magnet for some of the world’s most exciting companies. So should you think about relocating there too? Here are some things to consider. More →