One in four Brits would take a pay cut for a shorter working week May 19, 2021 One in four British people want four-day working weeks to become the norm – even if it means accepting a pay cut. The poll results come with just over a month until millions are allowed to return to the office from June 21. According to the survey results 70 per cent said they would happily [...]
Land Securities losses widen with work-from-home measures May 18, 2021 Commercial property firm Land Securities has seen its full-year loss widened this morning, as its London-centric office portfolio crumbled under work-from-home measures. The FTSE 100 firm has reported a loss before tax of £1.39bn for the 12 months ending 31 March, compared with a loss of £837m the year before. The pandemic pushed many companies [...]
Suits you, sir: can bespoke tailoring survive the pandemic? April 20, 2021 One of the dominant themes to emerge as we fight our way out of the Covid pandemic is what the future of the workplace might look like. Will employees still feel safe congregating together to share that quicksilver creative spark? Will businesses reduce their footprint and have teams at home two or three days a [...]
UK shared office space providers ramped up growth before pandemic April 19, 2021 The UK’s largest shared office space providers grew the value of their property portfolios before the coronavirus pandemic sparked a shift to home working. The serviced office space sector grew its overall property value to £18.9bn in the 2019/2020 financial year, up six per cent on the previous 12 months. The figures highlight the growing [...]
Almost half of UK office workers ‘scared to return’ to workplace, research shows April 12, 2021 Around 40 per cent of UK office workers are worried about catching Covid from their colleagues by returning to the workplace, a new report has found. Over a third of workers also said they were fearful of contracting the virus through contaminated equipment such as computers and keyboards. The Supporting Your Remote Workforce in 2021 [...]
Office Politics: Apprenticeships aren’t the only way to nurture young talent February 9, 2021 This week is National Apprenticeships Week – a focal point of the national drive to make more training accessible for young people. But rather than a laser-like focus on apprenticeships or to focus on the Kickstart false-start – what it should be about is businesses recognising that apprenticeships aren’t the only way, and there are [...]
Office demand drops as Workspace reports 33 per cent fall in enquiries January 28, 2021 Workspace remains optimistic about the future of London’s office work despite a sharp drop in enquiries throughout the pandemic. This morning’s results show the group averaged 672 enquiries per month in the third quarter, a 33 per cent drop from the previous year. Lettings per month also fell by 3.4 per cent to 109, driven [...]
London needs offices to thrive to secure its global future January 15, 2021 Are cities dead? There are plenty who think so – but Britain should hope they’re wrong. “The history book has not yet been written for cities” is the rallying cry emanating from Government. Those were Rishi Sunak’s words, echoing the Prime Minister’s faith when he spoke with FTSE 250 leaders last week that, post-pandemic, we [...]
Steve Jobs had it right: the office is a hub for creativity January 7, 2021 IN 1986 Steve Jobs became the majority shareholder of a little-known company called the Lucasfilm Graphics Group. For the small sum of $5 million, Jobs acquired a motley crew of 40 computer scientists and graphic artists. But it wasn’t long before the company started making a loss. Products weren’t shifting. Something had to give. Under [...]
Wework unsure over long-term liquidity due to how Covid-19 changed the way we work January 6, 2021 Flexible office space giant Wework has raised concerns over its long-term future after the Covid-19 pandemic sparked a dramatic shift to remote-working. The company said today that it has sufficient liquidity to “mitigate the near-term uncertainty associated with Covid-19”. However it said the key judgements in relation to approving the company’s accounts as a going [...]