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The main takeaways include a shift towards high-quality and flexible office spaces. There are also changing preferences for mixed-use locations, and the significant influence of sustainability and ESG factors on the cost of office space in London.
The "15-minute city" concept aims to create communities where all essential services and amenities are accessible within a 15-minute walk or cycle ride from people's homes, emphasising convenience and integrated living.
Sustainability, measured by BREEAM certifications, is positively impacting office rents. Buildings with higher BREEAM ratings command higher rental premiums, indicating a growing emphasis on eco-friendly and energy-efficient properties.
Grade A office spaces represent the top tier of the market, offering prime locations and high-quality features. Grade B offices are lower-spec spaces that are typically more cost-effective.
High-quality office spaces have seen increased demand in 2023. Under offers for such spaces have risen by 28%, demonstrating sustained interest in best-in-class locations.
Modular office furniture is furniture that can be easily assembled, disassembled, and reconfigured to adapt to different needs. Its benefits include flexibility, cost-effectiveness, and efficient use of space. It can be particularly useful in accommodating growth, facilitating collaboration, or meeting changing workplace needs
Choosing furniture made from sustainable materials and brands, or furniture produced through environmentally friendly processes is a start. Repairing furniture to extend its lifespan, and recycling or donating old furniture instead of sending it to a landfill can also make your office furniture more sustainable. Our team can support you in making sustainable office furniture choices to help achieve your overall ESG goals and accreditations.
The layout of office furniture can either facilitate or hinder employee collaboration. Open layouts with communal tables or lounge areas can encourage spontaneous communication and teamwork. Conversely, a layout with high-walled cubicles or individual offices can limit interaction.
Environmental accreditations such as BREEAM or LEED can improve a company’s reputation by showing a commitment to sustainability and the environment. This can attract customers, investors, and employees who value environmentally-conscious businesses. Prioritising ESG can also enhance reputation by showing commitment to ethical and responsible business practices and differentiation from competitors. This can improve reputation and attract stakeholders interested in supporting sustainable and responsible businesses.