Giles Fuchs, chief executive and co-founder, OSiT
Editor: With the news that Currys is vacating its head offices in London and asking its corporate workforce to use WeWork offices across the country instead, we seem to be witnessing the beginning of a profound shift in preference – from fixed office space to flexible workspace.
Editor: It is promising to see an accelerating ‘return to the office’ drive increasing confidence in the commercial real estate sector. With economic recovery leading to a surge in job vacancies, there is an air of optimism around the London business ecosystem that has not been felt for some time.
Editor: Knotel filling for bankruptcy may have come as a shock to the flexible workspace sector, but it was not a surprise. Clearly, the pandemic created significant challenges for flexible workspace operators, and it is those with a leasehold model, which have faced their own rent commitments throughout the pandemic, ...
A shift to remote working during the Covid pandemic has highlighted the importance of the office for businesses and their employees and its essential role as a hub for collaboration, community and development. So, what can we expect in the office market as we enter 2021?
The coronavirus pandemic has radically changed our way of working, prompting businesses to become increasingly agile and footloose – a change in company culture and working norms that would have seemed simply unimaginable just a year ago.
RICS’ move to regain any lost public trust in the chartered surveying profession is of course to be warmly welcomed. However, in focusing only on public trust, RICS is at risk of ignoring (and losing) the trust of the wider property industry.
Editor: Your recent article ‘Over 1,000 companies to open new post-Brexit offices in UK’ is further evidence that Brexit-related doom and gloom in the UK property market has been misplaced. The evidence indicates that the UK is still open for business – and the office sector especially looks set to ...
Both domestically and internationally, the economic ramifications of Brexit are profound, but investors should remain optimistic about the UK’s commercial real estate market, which will continue to be a strong-performing asset class, providing long-term income stability and attractive yields.