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Office Sector

Uncertainty yet to dampen property market demand for prime office space

According to the Royal Institution of Chartered Surveyors (RICS) UK Commercial Property Monitor Q4 2024, the UK’s commercial property market faltered slightly in Q4, although the long-term outlook remains positive, buoyed by a resilient and competitive prime office sector as ...

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Majority of office workers would refuse a job that doesn’t offer remote or hybrid working

New research has revealed that three-quarters of people would turn down a job that doesn’t offer hybrid or remote working, while flexi-working is also preferable to a four day week. With large businesses such as Amazon, Boots and JP Morgan ...

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Arax appoints Colliers to manage central London office portfolio

International real estate advisor, Colliers, has been chosen by Arax Properties to manage its portfolio of six central London offices. Comprising of around one million sq ft of prime office space, the portfolio includes: Duo, City of London Mode, City ...

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Average office occupancy rates in the UK stay above 35% for five consecutive weeks

UK office occupancy rates have experienced a small but sustained up tick in recent weeks, maintaining average levels above 35 per cent since the end of October, the most prolonged period at these levels since the lifting of lockdown restrictions, ...

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UK firms push for in-office presence to boost engagement, contradicting a leading benefit of remote work

The trend of flexible work models is gradually shifting, as almost two-thirds of UK companies (60 per cent) have implemented a formal policy that requires employees in the office for a minimum number of days a week. That’s according to ...

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JLL report finds $1 trillion global investment needed to revitalise office space at risk of obsolescence

JLL’s latest research “Opportunity through obsolescence,” has revealed that of the 776 million square metres of existing office space across 66 markets globally, about half of that space, or 322-425 million square metres, is likely to require substantial investment to ...

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BCO names winners of the NextGen Awards 2024

Young professionals in the UK’s commercial property sector and their best achievements have been recognised at the annual British Council for Offices’ (BCO) NextGen Awards ceremony. The NextGen Awards are a key part of the BCO’s NextGen programme, a dedicated ...

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UK commercial property market continues to exhibit a relatively underwhelming performance

The commercial property market in the UK is still seeing an underwhelming market backdrop, according to the Royal Institution of Chartered Surveyors (RICS) UK Commercial Property Monitor Q3 2024. Some of the positivity seen in the last quarter has been ...

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BCO names the UK’s Best Workplaces

The British Council for Offices (BCO) has crowned the nations most outstanding workplaces at the BCO National Awards held at the JW Marriott Grosvenor House, London. The awards celebrated designs that demonstrate and drive best practice in office design, fit-out, ...

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London businesses could save £24k per annum by relocating their office to a different borough

London firms could save up to £2,000 a month by changing their office location, according to a new study by office interior design and build firm, Peldon Rose. With more companies adopting hybrid work, finding affordable yet functional office space ...

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