DATES FOR THE
FM DIARY
17-19 MAY 2022
www.facilitiesshow.com
22 FEBRUARY 2022
Workplace Futures Conference
One Great George Street, London, SW1
www.workplace-futures.co.uk
09 MARCH 2022
SMARTBUILDINGS22 London
22 Bishopsgate, London
https://worktechevents.com
03-05 MAY 2022
UK Construction Week London
ExCeL, London
https://www.ukconstructionweek.com/
10-13 MAY 2022
Interclean Amsterdam
RAI Amsterdam, The Netherlands
www.intercleanshow.com/amsterdam
11-13 MAY 2022
Health Estates and Facilities
Management Association Forum 2022
Stadium MK, Milton Keynes
https://www.hefmaforum.co.uk/
01-02 JUNE 2022
World Workplace Europe
Hybrid Event
https://worldworkplaceeurope.ifma.org/
07-09 JUNE 2022
FOOTPRINT+ A zero carbon future
Brighton
https://www.footprintplus.com/
23 JUNE 2022
The NHS Estates and Facilities
Conference 2022
https://bit.ly/3dl2fKu
20-21 SEPTEMBER 2022
Workplace & Facilities Expo
RDS Dublin, Ireland
www.workplaceandfacilitiesexpo.com
FEBRUARY 2022 7
If you have any knowledge of FM news from across the world,
please feel free to get in touch with our assistant editor
Sarah O’Beirne email sarah.obeirne@kpmmedia.co.uk
UK commercial
landlords are
struggling to fi nd
tenants
More than three fi fths of the
UK’s commercial landlords
are struggling to attract
tenants to traditional offi ces
as businesses’ workspace
demands have changed
rapidly during the pandemic.
This is according to new
research by European
fl exible workspace
provider, infi nitSpace,
who commissioned an
independent survey
among 204 UK commercial
landlords, all of whom own
one or more offi ce buildings
in the UK.
The fi ndings revealed that
62 per cent are currently
struggling to attract
prospective tenants to fi ll
their traditional offi ce
spaces, and almost two
thirds (64 per cent) reported
having seen a “notable shift”
in tenants’ demands during
the pandemic, including
terms and use of space.
As a result, seven in 10 (71
per cent) offi ce landlords
plan to increase their fl exible
workspace off ering in the
coming fi ve years.
infi nitSpace’s research
found that UK commercial
landlords currently dedicate
an average of 33 per cent
of their offi ce portfolio to
some form of fl exible or co
working spaces. By 2026,
this is forecast to rise 11 per
cent to 44 per cent.
Since the start of 2020, 59
per cent of offi ce landlords
have begun off ering shorter
and more fl exible leases.
Over half (52 per cent)
added new facilities to allow
tenants to collaborate when
inside the building, such as
meeting rooms or breakout
areas, while 63 per cent have
added facilities to improve
the wellbeing of tenants,
such as a gym or relaxation
space.
RISING INVESTMENT DEMAND
IN UK COMMERCIAL PROPERTY
HIGHER THAN PRE-PANDEMIC
Property experts have seen positive movements in investment
trends across commercial property during Q4, while owners
continue to diversify the way we use o ice space.
This is according to RICS Global Commercial Property Monitor – Q4 2021.
Across all sectors, investment enquiries rose for the fourth successive
quarter, leading to capital value expectations rising for the year ahead.
The strength of the industrial sector continues to standout, with a net
balance of +84 per cent of respondents expecting prime industrial values
to increase over the next 12 months. The outlook is also positive for prime
ož ice values, as a net balance of +24 per cent of respondents foresee an
increase during 2022 (the strongest reading since Q4 2019).
Looking at the alternative sectors, over 50 per cent of respondents
project an upli¢ in capital value expectations for data centres, multifamily
residential and aged care facilities, respectively.
As almost two-fi¢ hs of respondents (+39 per cent) believe the market
to be in the early phase of an upturn, despite some impact from the latest
COVID wave, respondents are more optimistic about the future of the UK
commercial property market, with owners in the ož ice sector looking at
how to attract employees and occupiers back.
As COVID restrictions li¢ ed across the UK, 66 per cent of respondents
still believe an ož ice is essential for a company to successfully operate.
However, 76 per cent of contributors report that they are seeing an
increase in demand for more flexible and local workspaces and over two
thirds (69 per cent) have reported an increase in space allocation per desk
following the pandemic; all highlighting how occupiers are making the
ož ice place safe and attractive for employees once more.
But traditional set ups are changing as 87 per cent of respondents are
seeing a repurposing of ož ice space, with 15 per cent highlighting that this
is happening in significant volumes.
Interestingly as UK ož ice space looks to be repurposed, investment
enquiries from the UK and overseas slightly increased this quarter.
FMJ.CO.UK NEWS & ANALYSIS
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