London is leading the way in the global coworking revolution ⁰

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

Changing attitudes amongst occupiers towards office space and the explosion in the numbers of freelance workers and microbusinesses are driving an upsurge in coworking and other flexible working environments worldwide. That is the key conclusion of a new report from DTZ which claims that the number of dedicated flexible working locations worldwide is likely to hit 50,000 over the next three years, with parts of London leading the way. We reported recently how coworking pioneer WeWork has already announced its plans to dominate London’s commercial property scene in the same way it already does Manhattan’s. Now, the How You Work report from DTZ suggests that this is the shape of things to come for many cities, with London leading the way alongside a tranche of global tech and creative centres such as New York, Berlin and Shanghai.

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August 1, 2015

Insight Weekly on GenY, digital workplaces, productivity and more

by Sara Bean • Flexible working, Newsletter, Public Sector, Technology, Workplace

In this week’s issue; three new studies have joined the already extensive body of work linking workplace design and productivity; how business practices and the way people use technology vary across sectors; and over half of US workers say the 9 to 5 day is an outmoded concept. Amanda Sterling argues social media at work can help shift the power dynamic from the few to the many; Gary Chandler explains how workplace design can express a firm’s culture and Mark Eltringham explores what the Midwich Cuckoos can tell us about Generation Y. The Government challenges businesses to consider the boost untapped disabled talent could bring to their workforce and CoWorking giant WeWork looks to acquire over 1 million sq. ft. of space in London. Subscribe for free quarterly issues of Work&Place and weekly news here, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

April 10, 2015

Central London occupiers prepared to pay more for upper floors and terrace ⁰

by Sara Bean • Facilities management, News, Property

There is a growing trend for London occupiers prepared to pay more for upper floors, particularly with access to a terrace, as according to the latest research by Cushman & Wakefield (C&W), unprecedented rental rates are being paid for tower floors and roof gardens. Central London office leasing activity overall, was 2.4 million sq ft for the first quarter of 2015, which equals the same period in 2014, which marked the highest first quarter volumes since 2007. Momentum in the City of London office market has also continued, with a total of 1.8 million sq ft let, up 34 percent for the same time last year. The West End recorded a relatively quiet quarter, with leasing volumes down to just over 600,000 sq ft – the lowest level since mid-2013. However, this is against a backdrop of falling vacancy rates, leading to the increasing migration of commercial occupiers out of the West End.