Search Results for: workplace

February 18, 2015

Record uptake of London office space continues…but at a price

by Mark Eltringham • News, Property, Technology

Take up of leased office space in London has hit its highest level since 2000, claims a new report from BNP Paribas Real Estate. The recorded level of 4.49 million sq. ft. during the final quarter of 2014 was driven by serviced office operators and occupiers in the technology, media and telecoms sectors. TMT firms accounted for just under a third (31 percent) of the market in Q4 and 24 percent for the whole year. However the market is still characterised by a mismatch of supply and demand which means not only low vacancy rates in key business districts but also sustained upward pressure on rents. The average office rent per square metre in the City of London has risen by 17 per cent from £560 to £655. In the prime parts of the West End rents have jumped 8 percent over the year to £1092 per square metre.

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February 18, 2015

£16.5m deal for office development at Moorgate Crossrail station confirmed

by Sara Bean • Cities, Company news, News, Property

Land Securities has confirmed it has bought the leasehold to the 1.9 acre site located at the western entrance to the Liverpool Street Crossrail station for £16.5 million. Plans for the site, at 21 Moorfields, EC2, which currently comprises vacated 1970s offices and a Transport for London (TfL) worksite, include two new buildings totalling approximately 500,000 sq ft of predominantly office space, with some retail at ground level and a public realm. The two proposed buildings will provide direct access to the underground and the new Moorgate Crossrail station below – due for completion in 2018. Land Securities entered into a conditional agreement to acquire the site in December 2012 and has since negotiated to own the site on two separate 250 year leases, with TfL having the option of participating in the development.

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February 17, 2015

Employment confidence is increasing, but so is the pay divide finds CIPD

by Sara Bean • News, Public Sector, Workplace

The UK workforce is seeing an increasing pay divide between employers that can now afford to increase wages by 2 percent or more and those that are stuck in a pay freeze. According to the latest Labour Market Outlook from the CIPD, almost half of the UK workforce saw either a pay freeze or a pay cut (3% pay cut, 39% pay freeze) in the twelve months to December 2014. In contrast, a similar proportion (40%) have received a pay increase of 2 percent or more and less than a fifth (18%) fall in the middle ground of people who have received a pay increase in the 0.1-1.99 percent corridor. As well as identifying a growing pay divide, the report finds employment confidence is set to remain strong over the next three months with around two thirds of employers (65%) planning to recruit new employees.

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February 17, 2015

Why would you want a Google office when you can create your own?

by Maciej Markowski • Comment, Facilities management, Flexible working, News, Workplace design

Google has dramatically shaken up the world of the Internet and also changed the face of the traditional office environment forever. Nothing has ever been the same, since the ubiquitous four-colour logo first appeared on the worldwide web. Everything that Google does creates a ripple in the business world. Whether it’s giving employees 20% of their time to focus on their own projects, allowing them to form teams to peruse the idea of their choice or installing slides instead of stairs many are asking “should we also be doing that?” And it’s not surprising. All companies want to be successful and there’s no better success story around than Google. So let’s try and model ourselves on or imitate Google, right? I have lost count of how many times I’ve heard “could we have an office a bit more like Google?”

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February 17, 2015

The latest issue of Insight is now available to view online

by Sara Bean • Facilities management, Flexible working, Knowledge, News, Newsletter, Wellbeing, Workplace, Workplace design

In this week’s issue; Mark Eltringham observes the shattering of any fixed idea we may once have had of a time and a place to work, and highlights the remarkable growth in the number of one person businesses; Sara Bean welcomes the publication of Kinnarps’ Trend report which offers informed views of the shape of the future workplace; Jonathan Hindle examines the true value of workplace art and Paul Goodchild suggests there may be better ways of designing offices that balance the advantages of the open plan, while mitigating its drawbacks. In news; the latest initiative between the BIFM and the CIPD, Government plans to attract the US tech sector to the UK, and new evidence of the impact of stress on the workforce. Sign up to the newsletter via the subscription form in the right hand sidebar and follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

February 16, 2015

Two fifths of employees say work has a negative impact on their health

by Mark Eltringham • News, Wellbeing, Workplace

Millions of the UK’s workforce feel they’re putting their heart health at risk due to the pressures of their job, according to a new survey carried out by the British Heart Foundation during the charity’s Heart Month. The survey shows that a large number of employees feel their working life leads them to eat a poor diet, not doing enough exercise and drinking and smoking more than is good for them. The BHF is calling for employers to encourage their workforce to spend at least 10 minutes a day improving their lifestyle during February. The survey found two in five (41 percent) people feel their job has had a negative impact on their health in the last five years, with more than half (55 percent) saying they have become more stressed as a result of their job over the same time period.

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February 16, 2015

Government launches scheme to attract US tech sector to UK

by Mark Eltringham • News, Property, Technology

The Government has launched a scheme to attract US tech firms to set up or ramp up their businesses in the UK. The tech sector is already worth around £120 billion to the UK and the Government hopes the HQ-UK programme will offer investors a chance to tap into a well-established pool of talent and a business-friendly and low tax economy. The initiative is a joint venture between Tech City, the Department for Business, Innovation and Skills, and the Department for Culture, Media and Sport. HQ-UK will simplify and quicken processes for visa applications and setting up UK bank accounts. The programme will also highlight the UK’s high skilled tech savvy workforce, the Government’s commitment to the development of programming skills in schools and the second largest labour market in the EU.

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February 13, 2015

Our personal choices can tell us a lot about the state of the economy

by Alison Kitchingman • Comment, Products, Workplace design

The announcement by Pantone that its Colour of the Year for 2014 was a muted reddish brown called Marsala was met with the annual carping about the subjectivity of the whole thing. Yet there are two things we know for sure. One is that Pantone puts a lot of time and effort into making its decision and looks at a range of social and economic factors, fashions and tastes before making its decision. The other is that this idea that you can gauge trends by tracking changes in taste has some high profile adherents. One of them is Alan Greenspan, perhaps the world’s most famous living economist, former Chairman of the Federal Reserve and a great believer in the idea that you can get a good idea of the health of the economy by looking at the length of women’s hemlines and heels and the amount of money men invest in underwear and ties.

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February 12, 2015

RIBA calls for next Parliament to focus on the built environment

by Sara Bean • Architecture, News, Property, Public Sector

The Royal Institute of British Architects (RIBA) has called on all parliamentary candidates to focus on the built environment in the forthcoming general election. Along with a renewed focus on building more quality homes and schools, RIBA is campaigning for improving the planning process; developing flood-proof communities; delivering energy efficient buildings and retrofitting those that are not; and providing a good quality built environment to accommodate an ageing population and encourage more people to become healthier. The #BuildaBetterBritain campaign is based on RIBA’s report and recommendations, Building a Better Britain: A vision for the next Government. RIBA has created a campaign website to enable architects and constituents to find and make contact with their candidates.

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February 11, 2015

This isn’t a golden era for small business; it’s more interesting than that

by Mark Eltringham • Comment, Flexible working, Public Sector, Technology

Yesterday, the Prime Minister’s Enterprise Advisor Lord Young produced a report into the key trends experienced by the UK’s small businesses over the past five years. According to the headline figures presented by the report, this is a ‘golden era’ for small businesses in the UK, with a record number of small firms in the country. The reported 5.2 million small firms represents an increase of 760,000 over the five year period covered by the study. The report concludes that the main drivers of this upsurge are the growing belief people have in their own ideas and abilities coupled with the technological wherewithal to make them a commercial reality. Lord Young also claims the Government deserves some credit for providing the business landscape for this to happen. But is it really that simple?

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February 10, 2015

Workers face burnout as work continues to erode personal lives

by Mark Eltringham • Flexible working, News, Workplace

Over two thirds of UK professionals (69 percent) are required to work outside of their regular office hours more than they were five years ago, according to a recent research from serviced office provider Regus. The survey canvassed the opinions of over 3,000 business people in the UK on their attitudes and approaches to work. A similar proportion of workers (72 percent) say that fixed hours are no longer suited to their duties; perhaps offering some explanation as to why so much extra time is spent at the office. Three quarters (76 percent) of respondents also reported a rise in remote workers, further suggesting that the concept of 9-5 day in the office is outdated. An earlier report from Regus, published in January found that the past five years have also seen a growing concern that workers face burnout.

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February 10, 2015

Over a million older people struggle to find employment

by Sara Bean • News, Workplace

More than a million older people are struggling to find employment. This is according to the second in a series of reports being produced by Business in the Community around age and intergenerational workplaces. The Missing Million: Pathways back into employment, finds that the over 50s continue to face age discrimination and they are increasingly having to start their own businesses or go into unpaid work, when they would prefer to do otherwise. Older people are more likely to remain out of work once they lose a job and if they want to find new employment, the over 50s have to rely on their own resources and networks. The research, which feeds into BITC’s Age and Intergenerational Workplaces campaign, is being carried out in collaboration with The International Longevity Centre-UK (ILC-UK).