June 25, 2019

Surge in demand for London office space

May 2019 saw a total of 13.3m sq ft of London office space under construction across 98 developments. 60 percent of this space has already been let or is under offer, the highest level to be achieved in over 15 years. This is according to new data from real estate advisor CBRE. Take-up of office space rose above the 10-year average in May 2019, increasing to 1.2m sq ft. There were eighty transactions, of which twelve were greater than 20,000 sq ft in size. The largest deal of the month saw the European Bank for Reconstruction & Development take 358,700 sq ft at Five Bank Street (pictured). (more…)

June 25, 2019

Environmental transparency for buildings declared with new initiative

by Freddie Steele • Company news, Environment, Furniture

The International Living Future Institute (ILFI) and Living Future Europe Initiative (LFEI) has announced the full details release of a new edition of the Declare product transparency label for the European building and manufacturer market. The Declare Europe launch is taking place in Bolzano during the 2019 Klimahouse conference, which is focused on the exchange of ideas, innovations and insights on the latest trends in the energy-efficiency and sustainable construction sector. (more…)

June 24, 2019

US workers do not want to work from home all the time

by Neil Franklin • Flexible working, News, Workplace design

Most US workers prefer to spend some time in an office (83 percent) over fully working from home, according to a new survey of full-time employees from Clutch. Respondents claim that office based work helps them collaborate with coworkers and feel included in the company’s culture. However, more than half of employees (52 percent) say they prefer a private office to a workstation in an open floor plan or cubicle office at work. (more…)

June 24, 2019

Cultural issues hold back digital transformation

by Neil Franklin • News, Technology

New research from Oracle and the WHU – Otto Beisheim School of Management claims that many organisations have invested in the right technologies to enjoy the benefits of digital transformation, but lack the culture, skills or behaviours necessary to reap them fully. According to the report (registration), business efficiency increases by two thirds when the right technology is implemented alongside seven key factors but only by a fifth when implemented without them.

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June 21, 2019

Flexible office revolution shows no signs of slowing

by Neil Franklin • News, Property, Workplace design

The latest research from JLL, Disruption or distraction, where next for the UK flex market sector, claims that the real revolution of flexible office space lies in the variety of solutions now on offer and that the market has seen more changes over the last three years than the previous 30 combined as it continues to grow and evolve. JLL’s research claims that over the next five years more than 10m sq ft will be added to the stock in the key UK cities and flex space will account for over 8.5 percent of the total office stock by 2023. (more…)

June 21, 2019

HSBC strikes 1000 desk deal with WeWork

by Mark Eltringham • Coworking, News, Property

HSBC has agreed a deal to locate more than a thousand members of London staff in a WeWork coworking space in London. WeWork confirmed to the Financial Times that the bank has signed up for 1,135 desks at its new building at 2 Southbank Place. The move is further proof of how coworking has become a mainstream option for large corporations as they seek to get more value our of their property and introduce new working methods. HSBC’s corporate real estate team and other staff already work from coworking spaces, but the new deal marks a step change in its strategy.

Image: WeWork’s existing coworking space at Waterloo

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

Peace and quiet at work? Here are ten of the best and most far out solutions ⁰

by Neil Franklin • Features, Furniture, Wellbeing, Workplace design

Any survey that sets out to establish what people believe cuts their productivity and annoys them most about their workplace almost invariably throws up the same result; the noise and distractions generated by other people. So it will come as no surprise to learn that the same surveys usually find that employees believe that peace and quiet and freedom from distractions is the most important factor when it comes to getting some decent work done. (more…)

June 20, 2019

The case for a shorter working week

by Shainaz Firfiray • Comment, Wellbeing

UK employees have the longest working week compared to other workers in the European Union. But, despite the long hours, recent studies have shown this does not make the UK a more productive nation. An analysis by the Trade Union Congress on working hours and productivity found that, while UK full-time staff worked almost two hours more than the EU average, they were not as productive as staff in Denmark who worked fewer hours in the average week. (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

Technology driving calls for four day week

by Neil Franklin • News, Technology, Wellbeing

A majority of European workers (57 percent) believe that technology will help to bring about a four day week in the near future as it improves their productivity and efficiency, according to new research from Ricoh Europe (registration) which looks at employee attitudes towards the continent’s ongoing productivity challenge. (more…)