‘Dearth of supply’ sees London office vacancies drop to lowest level since 2007 August 19, 2019 A supply starved market and weakened investment has led to vacancy rates in London offices falling to their lowest level since 2007, a new report has found. The amount of available office space in London has fallen 19 per cent over the past year, with vacancies in the City dropping 27 per cent, according to [...]
Millennials are not as different as you think – work needs to be better for everyone June 3, 2019 Why are businesses treating millennials differently from every other generation? We’ve seen an avalanche of contradictory studies about what young people supposedly want in recent years – as well as countless “helpful” articles on how to “deal with” millennial staff. Employers are worried about how to attract and retain this generation, but they shouldn’t be. The main [...]
Non-EU investment in London commercial property rose 75 per cent in 2018 March 25, 2019 Purchases of London commercial property by non-EU investors soared last year, rising 75 per cent on 2017. But investment from within the EU dropped sharply, according to figures from real estate research company Datscha. Read more: Retail property value set to plunge as online shopping rises Non-EU investors racked up £8bn in purchases in 2018. That [...]
Sharp rise in property values for UK’s top shared office space providers January 28, 2019 The value of property owned by the UK’s biggest shared office providers soared by more than a third last year. In a sign of the growing flexible workspace market, the value of the industry’s top ten share office providers’ property jumped 35 per cent to £13.6bn last year. The new data, released by real estate [...]
It’s Christmas party season, so heed these words of wisdom to avoid embarrassment December 12, 2018 While a Christmas get-together is a great way to thank and reward employees for their work over the year, it can also be a time of trepidation if you don’t know how to approach these festivities. So, to make sure that everyone can relax, we’ve put together five essential rules for the work Christmas party. [...]
The Grosvenor Estate weighs up move to become a serviced office space provider September 13, 2018 It might be one of London’s oldest landlords, but the Grosvenor Estate is mulling a move into one of the property market’s newest trends. In a bid to cash in on the growing popularity of serviced office spaces, the Duke of Westminster’s Mayfair business confirmed it is weighing up the idea of challenging market giants such [...]
Scandi offices: What British firms can learn from their Nordic counterparts September 6, 2015 Swedish companies are well-known as excellent places to work. This is partly a result of a unique Scandinavian business culture, characterised by collaboration, respect and personal responsibility. There is much that UK firms can learn from Swedish business customs. Here are a few examples that could help improve team spirit and make for happier employees. [...]
Virtual offices create very real profits at Regus August 26, 2015 SHARES in office outsourcing firm Regus jumped yesterday after the company reported an 86 per cent growth in underlying profits and double-digit revenue growth during the first half of the year. Revenue grew 16.4 per cent to £937m, up from £804.7m for the same period the previous year, while underlying pre-tax profit was £57.8m for [...]
London property prices: The Shard skyscraper smashes record for office rents as Leonteq Securities takes entire 26th floor August 25, 2015 A letting at The Shard skyscraper in London Bridge has smashed price records for the South Bank and the City, as the hunt for office space in the capital heats up. German-listed IT company Leonteq Securities is understood to have struck a deal to take the entire 26th floor of the tower for over £90 [...]
Cost of London office space set to soar amid supply shortages July 22, 2015 Office space is in short supply, putting upward pressure on prices, a new survey of property surveyors reveals today. In central London, 60 per cent more surveyors are seeing a rise rather than fall in demand across all areas, the research undertaken by the Royal Institution of Chartered Surveyors (Rics) said. As a [...]