What is Hot Desking?
Hot desking is a relatively new form of office space allocation that maximizes the available space by allowing multiple users to use one workstation. Since workstations were only used during a fraction of the working day, hot desking emerged to allow employers to maximise the amount of space available.
Hot desking is preferred by organizations known for their flexible working cultures, and it is a cost-effective option for businesses in areas such as Central London where high commercial real estate prices are the norm. In business centres, hot desks can be rented for different periods, ranging from an hour to a month or longer.
Hot desking fosters a corporate culture of sharing and collaboration, making it easier to exchange ideas and brainstorm with staff from different departments and areas of expertise. Renting a hot desk in London for a day, week, month, or however long is required, encourages creativity and allows for access to top flight amenities such as professional meeting room hire and community networking events.
Continue reading “Hot Desking & Renting a Virtual Office in London” →
The office space market has undergone major changes in the last few years. Shifting business priorities and lingering market uncertainty have necessitated changes in the working landscape – particularly when it comes to the role and function of workplaces. As businesses across the globe face the tentative establishment of a ‘new normal’, it has become abundantly clear that offices, and other places of work, remain in a state of flux.
However, there are some solidifying corporate practices and employee preferences that have been identified as vital to the development of workspace in the years to come. So, as 2022 comes to a close, and we look ahead to the future, it is important to consider the trends that will shape the workplace in the coming years. In this article, we will explore 10 of the most significant trends that are likely to have a significant impact on the office of the future.
Continue reading “The Top 10 Workplace Trends for the Future Office (2023)” →
When it comes to office relocation announcements, there are a few key things to remember. First and foremost, you want to make sure that the announcement is clear and concise. You don’t want to overload employees or clients with too much information at once. Secondly, you want to be sure that the announcement is formatted in a way that is easy to read and understand. Finally, you’ll need to think about how you will disseminate the information. There are several ways to do this, and we’ll be exploring just some of your options in this blog post!
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The 2023 London office market looks to be characterised by a number of primary influencing factors. These drivers of change, and the trends that will be solidified as a result, include: record completions, lowering lease lengths, ongoing recovery in the flexible workspace sector, and a supply crush of prime office space due to a continued flight to quality.
Read on to find out more about how these, and other factors, are going to shape London’s prime markets in 2023 and beyond.
Stats Hinting Towards the Future of the London Office Market
- 13.6 million sq/ft of office space is under construction
- Around 9 million sq/ft of office space is scheduled for delivery in 2023
- Over 50% of projects are targeting ‘Outstanding’ or ‘Excellent’ BREEAM sustainability ratings
- Forecasts for construction price inflation have blown out to 6.1%, up from predictions of just 3.8% at the start of 2022
- Around 12% of the West End’s under development office product is pre-let
Continue reading “2023 London Office Market Predictions” →
Commercial leases can be confusing, especially if you’ve never leased a commercial property before. There are many different types of leases, making it extremely important to understand the main differences between them to make the most informed decision for your business. Opting for the correct commercial lease based on your goals and growth trajectory can make or break your business, particularly in the early stages.
Our team of commercial property experts have put together this handy guide introducing the types of commercial leases commonly seen in the UK. Unsure of which type of commercial lease best suits your business? Read on to discover more!
Continue reading “Types of Commercial Leases in the UK: What You Need to Know” →
If you’re looking for a way to spice up your desk decor, you’ve come to the right place! In this blog post, we will share some of the best desk decor ideas that are both stylish and eye-catching. Whether you’re looking for a new way to organise your desk or simply want to add a little bit of personality to your workstation, these desk decor ideas are sure to inspire you.
The best part about these ideas is that they can be applied to both home workspaces and traditional office desk spaces, making them perfect for busy professionals splitting their time between remote and in-person work. So what are you waiting for? Get ready to take your desk decor to the next level!
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Central London office space can be costly, especially for small to medium-sized businesses and start-ups looking to get an early foothold. Business parks present an appealing alternative for those looking to benefit from many of the perks and amenities available in Central London industry hubs. These benefits include cutting edge technology, flexible lease terms, great fit outs, collaborative atmospheres, and access to a wide range of networking opportunities – all without the exorbitant rental prices seen in The City.
In terms of location, London business parks are generally easier for employees to commute to. They typically provide cheap or free parking, calmer surrounds, and quick access to numerous major transport links. This ease of access makes business parks ideal for businesses that don’t necessarily need to be located in the heart of Central London.
It has been hard to narrow down a list of some of London’s best business parks, however, we have made sure to include the best from a scattering of locations in the Greater London area. By reading on, business owners can easily discover a top-tier business park near their intended area of operations, enabling them to take the plunge and put pen to paper.
Continue reading “The Best Business Parks in London” →
Central London Market Overview
Over the past few years, most major UK office markets have witnessed an occupier flight to quality. The priority seen when it comes to the leasing and acquisition of high quality office space is understandable, particularly when you consider the volatility and uncertainty that dominated the global commercial real estate market in recent times. As a wide range of businesses, particularly SMEs, continue to be unsure about whether or not in-person working will return to prior prominence. This reality makes putting pen to paper especially difficult, as physical occupancy levels remain difficult to gauge and physical spaces become harder to justify.
A flight to quality makes sound investment sense in a volatile market, largely due to high-end assets tending to at least retain their value during periods of uncertainty. Additionally, large firms with a heavy investment in the smooth transition back to the office, both in terms of time and money, have sought to secure quality space to attract their workforces back in a physical capacity.
This priority for tenancy in Grade A office space has been extremely clear in London for a number of years, resoundingly consolidating itself during the pandemic and continuing to show no signs of abating.
So, how exactly is the Central London office market faring after years of upheaval? In this Central London office market report, we take a look at the most current industry data, explore ramifications of this data, and predict where currently observed trends will lead us.
Continue reading “Central London Office Market Report Q2 2022” →
It’s been widely reported that workers, in general, have shifted their priorities away from the long held domination of having salary as a primary concern, with work-life balance now being a core consideration for most employees. Despite this, the money on offer is still an important practical consideration for any job seeker – as not earning enough often causes stress to build in other parts of life.
In light of the continued importance of having a good salary when considering a new role – or exploring the feasibility of making a move to London – we’ve investigated the current average salaries on offer in the British capital.
Presented below is a rundown of the average salaries for multiple different industries in London, as well as the median salaries for these particular roles. Additionally, you can read further along for more in depth analysis and insights into some of London’s most highly-demanded jobs.
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Digital transformation is affecting every industry in some way or another. The way we bank, the way we purchase goods and services, the way we interact with healthcare providers – it’s all changing because of the digital transformation journeys undertaken by businesses across the globe. In this blog post, we’ll explore how different industries are being transformed by digital technologies, and discuss the implications for businesses and consumers alike.
Summary of Industries Currently Affected by Digital Transformation
- Warehousing and Distribution
Continue reading “Digital Transformation Across Industries: From Banking to Retail” →