Search Results for: workplace

Demand for high quality office space continues to grow worldwide, and so do its costs

Demand for high quality office space continues to grow worldwide, and so do its costs

by • News, Property, Workplace design

Rents for prime office space across the globe rose by 0.3 percent and fit out costs by 0.2 percent in the final quarter of 2024, says SavillsRents for prime office space across the globe rose by 0.3 percent and fit out costs by 0.2 percent in the final quarter of 2024, says Savills, as demand for top quality office space continues to grow in many markets around the world. According to Savills in its latest quarterly Prime Office Costs report, in the fourth quarter of last year, average net effective costs rose slightly, by 0.1 percent, continuing a moderate upwards trend of 1.9 percent over 2024. London (West End), Hong Kong, and New York (Midtown) remain the top three locations in terms of costs of the 35 markets Savills examines. (more…)

Getting Zoom fatigue? Chances are you’re tired of looking at yourself

Getting Zoom fatigue? Chances are you’re tired of looking at yourself

by • News, Technology, Wellbeing

New research suggests that excessive self-monitoring during virtual meetings leads to dissatisfaction with appearance and Zoom fatigueThe rise of virtual meetings has transformed workplace communication, offering flexibility and global connectivity. However, this shift has not come without challenges, particularly in the form of virtual meeting (VM) fatigue, commonly referred to as “Zoom fatigue.” A new study published in the journal PLOS One examines how facial appearance dissatisfaction, impression management behaviours, and VM fatigue contribute to the adoption—or rejection—of virtual meeting technologies in professional settings. (more…)

Take up of flexible office space hits highest levels since 2019

Take up of flexible office space hits highest levels since 2019

by • News, Property

Research from Savills and its specialist firm Workthere claims that take-up of flexible office space from operators across the UK reached just over 1.06 million sq ft in 2024, which is the highest level since 2019Research from Savills and its specialist firm Workthere claims that take-up of flexible office space from operators across the UK reached just over 1.06 million sq ft in 2024, which is the highest level since 2019 and 12 percent above the total reached in 2023. In line with this growth, Workthere suggests that transaction levels were also up 35 percent, despite a moderate drop in enquiries by 12 percent from a 2023 peak (based on a 2022 index).  There were also positive signs in the make up of demand with Workthere reporting a 7 percent increase in the number of businesses entering a new market and a 33 percent increase from businesses outgoing their current space. (more…)

We need to address the UK’s creative skills shortage 

We need to address the UK’s creative skills shortage 

by • Comment, Workplace

With the right investments in skills, tools, and training, the UK can continue to lead the world in creativity and cultural influenceThe UK’s creative industries, from film and television to the dynamic video game sector, are cultural flagships and economic cornerstones. Valued at £125 billion annually, the creative industries are named one of the UK government’s eight growth-driving sectors in its Industrial Strategy. Yet, a significant obstacle looms over their continued success: a persistent and growing skills shortage. This gap threatens to stifle innovation and global competitiveness, particularly in the booming video game industry. (more…)

CIFF Guangzhou creates a new ecosystem of sustainable office and commercial space

CIFF Guangzhou creates a new ecosystem of sustainable office and commercial space

by • Company news

After the remarkable success of the March 2024 edition, CIFF Guangzhou is preparing to unveil an even more innovative chapter in March 2025, welcoming global furniture industry leaders to the Canton Fair ComplexAfter the remarkable success of the March 2024 edition, CIFF Guangzhou is preparing to unveil an even more innovative chapter in March 2025, welcoming global furniture industry leaders to the Canton Fair Complex, with the Office and Commercial Space sector poised to redefine workplace environments for the future. The timing of the 55th CIFF Guangzhou 2025 aligns perfectly with the global office furniture market’s exceptional growth, projected to reach $66.1 billion in 2024 and expand to $99.3 billion by 2029, driven by rapid economic growth, urbanization, and increasing renovation projects worldwide. (more…)

Furniture Makers to hold next sustainability event focussed on material choices

Furniture Makers to hold next sustainability event focussed on material choices

by • Environment, Furniture, News

he Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, is hosting its next sustainability event focussed on examining some of the established and widely used materials in the furniture and furnishings sectorThe Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, is hosting its next sustainability event focussed on examining some of the established and widely used materials in the furniture and furnishings sector. The seminar, which is sponsored by the Furniture Industry Sustainability Programme (FISP), Ocee & Four Design, Panaz and Satra Technology, will be held on Tuesday 4 March at Furniture Makers’ Hall, London. Organised by The Furniture Makers’ Company’s Climate Change and Sustainability Committee, the event will include presentations on foam, fabrics, textiles, leather and wood. In addition, new materials will be discussed and the necessary investigations in relation to recycled content, future recyclability and other implications. (more…)

Demand for commercial property investment jumped in last quarter

Demand for commercial property investment jumped in last quarter

by • News, Property

There has been a significant surge in demand for commercial property investment, reflecting a marked recovery in the sectorThere has been a significant surge in demand for commercial property investment, reflecting a marked recovery in the sector, according to a new report from Rightmove. The platform attributes this rise to recent interest rate reductions by the Bank of England, which have made investment opportunities more affordable and appealing. Rightmove’s Quarterly Commercial Insights Tracker, which monitors supply and demand trends among the UK’s largest commercial property audience, revealed that overall demand for commercial property investment increased by 28 percent year-on-year in the final quarter of 2024. The office market also witnessed a notable increase, with demand for office space investment climbing by 57 percent year-on-year. (more…)

A break in the workspace-time continuum

A break in the workspace-time continuum

by • Comment, Wellbeing

The fracturing of time and place underlies every one of the great workplace issues of our time. Everything that springs from this – the where, when, how, what and why of work – is defined by the shattering of any fixed idea we may once have had of a time and a place to work. Because the challenge to these traditional ideas is now so inextricably linked in our minds with new technology, we might often  forget that people have been asking questions about how we can get the most out of each day for thousands of years. Tempus fugit after all, and as a consequence we’ve always known that how we spend our days is how we spend our lives. (more…)

Most people are happy for AI to inform decisions about work, CIPD claims

Most people are happy for AI to inform decisions about work, CIPD claims

by • AI, News, Workplace

To coincide with National Productivity Week, a CIPD poll suggests that almost two thirds of people (63 percent) would trust artificial intelligence (AI) to inform - but not make - important decisions at workTo coincide with National Productivity Week, a CIPD poll suggests that almost two thirds of people (63 percent) would trust artificial intelligence (AI) to inform – but not make – important decisions at work. According to the poll of over 2,000 people, over a third (35 percent) wouldn’t trust AI to make important decisions at work, preferring to use human intelligence. Just 1 percent of respondents would trust AI to make important work decisions. (more…)

Half of people would quit their job if they thought their boss were spying on them. (And they are)

Half of people would quit their job if they thought their boss were spying on them. (And they are)

by • News, Technology, Workplace

More than half of British employees would quit their job if they were subjected to surveillance whilst working, but more than half of UK bosses say they cannot trust their employees without monitoring them, according to a new poll from ExpressVPN. The new study explores the views and experiences relating to the ‘workplace surveillance’ of 1,000 employees and 1,000 employers in the UK. While physical surveillance through the use of cameras and badge/pass scanners in the workplace is more widely known, the increase in remote working in recent years has driven the rise of online surveillance, according to the report. (more…)

Flexible working is not an option for many of Britain’s two-tier workforce

Flexible working is not an option for many of Britain’s two-tier workforce

by • Flexible working, News

A new report from the social enterprise Timewise claims to reveal a growing divide in the UK workforce, highlighting the increasing gap between frontline workers, such as nurses, cleaners, and bus drivers, and office-based employees when it comes to access to flexible working and other factorsA new report from the social enterprise Timewise claims to reveal a growing divide in the UK workforce, highlighting the increasing gap between frontline workers, such as nurses, cleaners, and bus drivers, and office-based employees when it comes to flexible working hours and patterns. This divide, the report suggests, could be reduced if the government takes further steps to implement its upcoming Employment Rights Bill. (more…)

How employee benefits offer value for money

How employee benefits offer value for money

by • Company news, Workplace

Every pound spent on employee benefits is a pound that could boost your profits. That's why it's vital to ensure your benefits package aligns perfectly with what your employees need and valueIf you want to provide great employee benefits but are constrained by budget, there are some company perks that not only keep your employees happy, but can also provide serious value for money. Whether it’s leveraging tax-efficient Salary Sacrifice schemes or taking a more holistic approach such as flexible working, it’s definitely possible to offer great benefits while boosting your bottom line. (more…)

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