Search Results for: wework

Coworking is breaking away from its cultural and geographical stereotypes

Coworking is breaking away from its cultural and geographical stereotypes

by • Comment, Property, Technology, Workplace design

There is a persistent image of a coworking space as a sort of glorified serviced office for tech and creative startups who can’t afford the eye-watering rents in the areas they need to be. This is usually in the technology hothouses of the world’s major cities where they can work alongside the corporate giants and fellow innovators that thrive there. The reason such perceptions exist is because they are largely true. It’s no coincidence that coworking spaces have thrived up till now in the world’s most expensive property markets – in London, Hong Kong and New York, serving exactly the sorts of start-ups and freelancers who rely on proximity to their potential clients.

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Over half of employees say remote working and coworking increase their productivity

Over half of employees say remote working and coworking increase their productivity

by • Coworking, Flexible working, News

coworkingMore than half of US based employees (54 percent) with the chance to work remotely say they are most productive when they work outside a traditional office environment, such as at home, in a coffee shop, or in a coworking space, according to a new survey by research firm Clutch. Over two-thirds (68 percent) of workers surveyed work in a traditional office. However, higher productivity isn’t the only reason employees prefer other workspace options. Over a quarter (26 percent) of employees who have some degree of flexibility say a better work-life balance is the top benefit of working outside the office. Other benefits include flexible work hours (21 percent) and fewer distractions (18 percent).

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Seven workplace stories that caught our attention over the last week

Seven workplace stories that caught our attention over the last week

by • Facilities management, Features, Wellbeing, Workplace design

Why telling an adult they are a hard worker can backfire

Facebook takes on entire WeWork location on Soho

Are these the world’s best tall buildings?

How one Chinese city is spending more on AI than the EU

Evidence that daylight can make a positive difference in the workplace

Automation is starting the clear the clutter from offices

Considering the merits of universal basic income

Seven stories to get your week off to a flying start

Seven stories to get your week off to a flying start

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

Why great employees leave great cultures

Are flexible short term leases the new future?

Four mega-trends for the future of work

The revolution will not be transactionalised

Bjarke Ingels joins WeWork as Chief Architect

The road to automation, the joy of work, and the ‘Jen problem’

How Soho House transformed BBC Television Centre (registration required)

Seven workplace stories to round off the week

Seven workplace stories to round off the week

by • Features

In fairer societies, fewer women enter STEM fields of work

Sexual harassment at work in the era of #MeToo

The impossibility of focusing on two things at once

Robot cities: three urban prototypes for future living

The results of a 2018 global coworking survey

Late risers at increased risk of early death

WeWork to acquire Chinese coworking firm

About time we simply accepted that coworking and flexible working are the new normal

About time we simply accepted that coworking and flexible working are the new normal

by • Comment, Coworking, Flexible working, Workplace design

Ask someone to list innovative companies which have become notable disruptors in their market and they invariably respond with two names – Uber and Airbnb. That is because both brands are positioned squarely and successfully at the retail consumer: for people who use a taxi or take an occasional short break in a foreign city, they have become the automatic default options. But there is another equally successful business targeting the corporate space, aimed particularly at small businesses and millennial tech start-ups: WeWork. Just like Uber and Airbnb, it is less than a decade old. In that time, WeWork’s ambition of being the world’s leading coworking company has been realised. Championing itself as a disruption revolutionary, it has succeeded more prosaically by ‘creating environments that increase productivity, innovation, and collaboration,’ according to its website. WeWork’s model involves renting office space cheaply via long-term lease contracts. Small units are then re-rented at higher rates to start up companies which are happy to pay a premium because they need very little space.

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Luther, Marx, Engels and a nailed-on manifesto for workplace change

Luther, Marx, Engels and a nailed-on manifesto for workplace change

by • Comment, Facilities management, Workplace design

In October 1517 Martin Luther nailed his Ninety-Five Theses to a church door in Wittenberg, thereby setting in motion the process that we know now as the Reformation. At least since that time, it has been apparent that a revolutionary manifesto needs to be laid at somebody’s door – or nailed to it – at the right moment for it to achieve its aims. Revolutionary manifestos are easy enough to set out, but the tract is nothing without traction.

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Rent falls due to Brexit and concerns about oversupply of serviced offices in London

Rent falls due to Brexit and concerns about oversupply of serviced offices in London

by • Cities, Facilities management, News, Property

There have been 18 months of faltering net effective rents within the commercial office market in the Capital since the Brexit referendum, with ten of the 18 Central London office submarkets monitored in Cluttons’ latest London Office Market Outlook report registering rent falls in the final quarter of 2017, buoyed by additional incentives such as contributions to fit out costs and even delayed completions becoming commonplace in many locations.  The report also raises concerns about the potential for an oversupply of serviced offices within the Capital. However, despite this and a perception that Central London offices are currently fully prices or possibly over-priced, by both occupiers and domestic investors, London remains a resilient city, continuing to attract high volumes of overseas capital. Employment growth is of course expected to be influenced by both the levels of GDP growth during 2018 and the Brexit divorce proceedings, which in turn will affect rental values. But says the report, aside from concerns over Brexit, there is no evidence from recruitment agencies to suggest a current, or planned exodus of finance and banking professionals from the City.

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Flexible and coworking offices to account for ten percent of UK property market by 2027

Flexible and coworking offices to account for ten percent of UK property market by 2027

by • Coworking, News, Property

Demand for flexible workspace including coworking space soared across the UK during 2017, according to a report from Cushman & Wakefield. The study of the rapidly growing market also claims that WeWork is already the largest single corporate occupier of office space in London, with only the public sector exceeding its scale. In addition, the report also claims that WeWork has taken up more space in London’s key commercial property districts than any other occupier since 2012. According to the report, WeWork has taken up more than twice as much space as Google, which leased 1.3m sq ft over the five-year period, while Amazon and Deutsche Bank leased just over 1 m sq ft and 0.9 m sq ft.

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Seven of the best workplace stories from the last week (or so)

Seven of the best workplace stories from the last week (or so)

by • Facilities management, Features, Property, Technology, Workplace, Workplace design

The radical idea of a world without jobs

What AI can and can’t do (yet) for your business

WeWork harms 40 percent of coworking spaces in its vicinity

No blind spots in leopards’ eyes: five hopes for Workplace in 2018

Women and men in STEM at odds over workplace equity

Economists grapple with the future of the labour market

Forget Blockchain and Bitcoin, AI is where you should be focussing

Commercial property is undergoing tech disruption, but not as some believe

by • Comment, Facilities management, Property, Technology

According to a recent report, executives in the commercial property sector have significant reservations about emerging disruptive technologies such as Big Data and predictive analytics, augmented and virtual reality, Blockchain and driverless vehicles, but see huge potential for process automation. Disruption is a strong word.  It conjures up apocalyptic images and radical interventions leaving unrecognisable outcomes in its wake. Big terms like artificial intelligence, Internet of Things (IoT) and big data bring equally big expectations.  For those of us at ground level, it’s hard to see the cumulative impacts of the many changes taking place around us.  It’s also hard not to share the same view expressed above. Future-gazing is nice to a point, but board level conversations like to take signposts from what is actually happening around them as well, and the commercial property sector is no exception. This sector is undergoing profound disruption but not necessarily from Silicon Valley’s headline grabbers.

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Falling supply and growing demand for affordable office space in London is putting undue pressure on SMEs

by • Cities, News, Property

As the pressure grows for small businesses to find affordable workspace in the UK’s capital, the London Assembly has published a new report that looks at ways of addressing the underlying issues, especially a fall in the availability of appropriate space. According to the Assembly, the pressure on affordable workspace for SMEs in London is increasing. Sixteen per cent of industrial land was lost between 2001-2015 and if the trend continues, industrial land in London could fall a third by 2041. In outer London, almost one fifth of workspace could be lost to residential homes and since 2013, the relaxation of permitted development rights has led to the conversion of 1.47 million square metres of office space to residential homes.

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