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IF AT FIRST THE IDEA IS NOT ABSURD, THEN THERE WILL BE

NO HOPE FOR IT. - Albert Einstein

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It’s all about the team


Tenants are moving from a combined

2.3 million sq ft to 4.2 million sq ft.

The technology, media and telecoms (TMT) sector is

attracting significant investment, which is allowing many

firms to expand rapidly and seek new office space.

According to data from London & Partners (the Mayor

of London’s investment company), £1bn was invested in

London’s tech sector in 2015.

/ 2015 and 2016 will deliver close to 2 million sq ft of new office

space in this area.

/ 0.5 million sq ft was completed over six months - 81% was let

before completion.

/ Total amount under construction: 1.4 million sq ft.

/ Average size of a scheme: 247,250 sq ft.

/ Average size of a floor: 18, 845 sq ft.

/ Top areas: King’s Cross, the West End, the City of London.

The positive trend in the construction industry is set to continue. According to Dodge Data

& Analytics, the industry will grow by six percent over 2015, up to $712 billion.

/ In Dallas, projects include a $1 billion Facebook data centre; 1900 Pearl, a 260,000 ft office

tower; and the ViaWest data centre, a 156,000-square-foot facility.

/ Office construction in New York is escalating. The New York Building Congress expects 4

million square feet of office construction in 2016. This includes 30 Hudson Yards, which

will be the second-tallest office building in New York.

/ Denver is one of the fastest-growing areas. A 40-storey office building, 1144 Fifteenth. will

be the first of its size built in Denver in 30 years.

/ California Pacific Medical Center’s new

730,000-square-foot hospital at Geary and Van

Ness: $2.1 billion.

/ Webcor’s $700 million rebuild of San Francisco

General Hospital, with 284-beds and 14

operating rooms.

/ Salesforce Tower – an office skyscraper to be

the tallest building in the Bay Area, 1,070 ft (326

m) high: $1.1 billion.

/ 222 Second St – a 370-foot (110 m) high office

skyscraper, LinkedIn’s new headquarters: an

estimated cost of $185 million.

/ Folsom Bay Tower, a residential development

with 390 units, to complete in 2018.

In San Francisco, the top 10 projects over the

past two years are estimated to have cost $9.3

billion and include hospitals, transportation

hubs and office towers. Residential

development is also key. It’s said that the

phenomenal building boom is causing a condo

glut that will reach a peak as new condo

towers are completed. Some 62,500 units are

in the pipeline, from ‘building permit filed’ to

‘under construction’.

London Office Developments

San Francisco Towers transform transform the skyline

USA Construction industry to grow by 6%

USA Key developments

London The tenants: Who’s who?

London The Tech Belt boom

The construction of office developments increased

by 18% from April to September 2015, according

to Deloitte’s London Office Crane Survey. This

increase, with 26 new building schemes, was

thanks to major projects such as Brookfield’s 100

Bishopsgate in the heart of the city, which totals

867,000 sq ft, getting underway.

London The top areas

The City remains the most popular area

with 13 new starts and 5.7 million sq ft

under construction. This area and the West

End account for 73% of the total volume

of construction.

Office construction hits a high

Percentage of spaces let by sector

Government

4%Insurance

2%Legal

5%Financial

27%TMT

44%Corporate

9%Professional

7%Other

2%


Largested new start100 Bishopsgate

City: 867,000 sq ft

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ROAD

Tech belt

The City

Total volume under construction

by submarket million sq ft

Londons demolition levels have increased by

(6.4 million sq ft) predicts further construction.

25%

0.5King’sCross

1.3Midtown

0.2Paddington

0.7Docklands

0.3Southbank

2.4West End

5.7City

11.1Total

Flexible working retains talent

Smarter Working 13spacestor.com

Opportunity is missed by most people because it is dressed in overalls and looks like work. -Thomas Edison

Smart Working spacestor.com06

The sharing economy, also known as collaborative

consumption and the peer economy, is all about connecting

demand to spare capacity or spare assets. Owners rent out

something they are not using, such as a car, house or bicycle,

to a stranger using peer-to-peer services. PwC estimates

that the five main sharing sectors (peer-to-peer finance,

online staffing, peer-to-peer accommodation, car sharing

and music video streaming) have the potential to increase

global revenues from around $15 billion now to $335 billion

by 2025.

‘Large companies don’t need to fight this unstoppable trend,

but instead can collaborate with this movement and make

their products available on demand, motivate a marketplace

around them, or provide a platform for customers to build

on top of them,’ says Jeremiah Oywang, Founder of Crowd

Companies and global expert on the collaborative economy.

PwC identified five ways for organisations to position

themselves to make the most of this trend.

1. Understand sharing models and the potential role they

could play in your sector.

2. Take action: protect the base, prepare for change,

or pivot the organisation.

3. Focus on the customer experience.

4. Conduct a ‘sharing audit’ of your organisation’s asset

base – tangible and intangible.

5. Anticipate regulation and highlight the value of your

organisation.

As to be expected, the landscape of the sharing economy is

changing. Jeremiah Owyang, founder of Crowd Companies,

opens a window on the near future: ‘Airbnb will move into

home automation, and Uber and Lyft are gearing up for self-

driving fleets, further displacing workers, and I’d expect on-

demand home delivery services to experiment with drones.’

However, there are some growing pains. For instance, Los

Angeles and San Francisco prosecutors charged that Uber

had failed to screen out 25 drivers with criminal records.

New business models do not ‘give companies a licence to

mislead consumers about issues affecting their safety,’ said

San Francisco District Attorney George Gascón.

As companies grow large, they attract attention from

government regulators. Airbnb’s head of community,

Douglas Atkin, sees outdated laws threatening the growth

of the sharing economy. This is a tussle that looks set to

continue, as the leaders of this movement carve out new

modes of business.

Join the movement that’s breaking new ground in business


“We don’t see retailers and manufacturers as competitors – we want to work with them. Buying new stuff isn’t going to go away. So this is really about growing the base by sharing the same ecosystem.”

Tom Chapman CFO +swappow

Action sports equipment sharing community

Smarter Working 06spacestor.com18

HELPING OTHERS DRIVES SUCCESS

Make these key changes to your work day to enhance

your wellbeing and productivity.

1. Listen to music

This is a top way to help you work in an open-plan workspace.

If you need to focus intensely, it’s best to listen to music that

you’re familiar with. Electronic music is unobtrusive, and

repetitive in a good way. Music with lyrics is to be avoided for

intensive work, versus physical tasks.

2. Doodle as you think

Research shows that doodling helps people stay focused,

grasp new concepts and retain information. ‘It’s a thinking

tool,’ says Sunni Brown, author of The Doodle Revolution. ‘It

can affect how we process information and solve problems.’

3. Chat with colleagues

A study by researchers at the University Of Michigan found

that friendly, social interaction can boost our ability to solve

problems, in the same way as a crossword puzzle. ‘Some

social interactions induce people to try to read others’ minds

and take their perspective on things,’ explains psychologist

Oscar Ybarra. Connecting with others in this way also boosts

our wellbeing and can lead to a free-flow of ideas – known

as engineered serendipity.

4. Go out at lunchtime

According to surveys, only one in five workers takes a lunch

break. Yet taking a break, even for 15 to 20 minutes, is a

proven way to sustain your concentration and energy levels

throughout the day. A 20-minute stroll can increase blood

flow to the brain, which can boost creative thought.

5. Get the fuel you need

Don’t work on an empty tank; be sure to have lunch and

snacks during the day. Your nutrition - particularly your

glucose intake - will determine your productivity for the rest

of the day.

6. Take a mid-morning break

A mid-morning tea or coffee break is essential for your

productivity, research has shown. The study led by Emily

Hunter, Ph.D., and Cindy Wu, Ph.D., at Baylor University,

involved 95 people over five days. As you have the most

energy and resources earlier in the day, it’s easier to be

refreshed in the morning than the afternoon.

Six simple habits that boost productivity


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If everyone is moving forward together, then success

takes care of itself. -Henry Ford


MANY TALENTS,ONE GOAL

AGILE WORKING ENCOURAGESEVOLUTION

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Asia is leading the way as start-ups compete to assist

customers via the No. 1 user interface – messaging – that

has now evolved to offer so much more. This innovation

is known as mobile intelligent assistance, with the use

of ‘chatbots’.

Launched five years ago in China, WeChat is one example

of a messaging app that has developed into a broad-scale

e-commerce platform. WeChat’s many users in China use

the service to send money, buy flowers and even book a

dental appointment.

Goodbox, based in Bengaluru, India, offers a chat-based

mobile application for businesses and their consumers,

and was able to raise a $2.5 million investment from Nexus

Venture Partners. This platform enables customers to chat

directly with a business. Businesses can put up images, send

group messages to their customers, set up store timings and

even provide a menu function to list their items. ‘We feel like

this works, because many businesses, be it a grocery store,

a company or even a hospital, rarely have such apps of their

own,’ says co-founder Mayank Bidawakta. ‘This will really

help speed up processes and help both parties.’

In North America and Europe, messaging apps are predicted

to take over mobile usage. U.S.-based companies are finding

ways to reach out to their customer base via chat apps. For

example, Hyatt guests can use Facebook Messenger to ask

for clean towels or other housekeeping services.

KLM Royal Dutch Airlines recently launched a bot within

Facebook Messenger. This bot lets people ‘get their frequent

flyer number, boarding pass, check-in reminders, flight status

updates, and customer support directly in a Messenger chat

thread,’ according to Tech Insider. Just text it within Facebook

Messenger and the KLM bot will help you.

This is an exciting new frontier in tech innovation. It’s no

wonder Evernote founder, Phil Libin, has invested in an

unnamed bot maker and is building a lab to find out ‘what’s

investable, what’s buildable’. What’s certain is that we’ll

be using chatbots to help organise our lives, all via our

mobile phone.

Meet the chatbots - at your service

Imagine tapping a message on your mobile to request fresh towels in your

hotel room. It’s already happening. Companies are exploring new ways to

provide services to their clients via chat-based platforms.

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Synergy – the bonus that is achieved when things work together harmoniously. -Mark Twain

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Millennials are a force to be reckoned with. Companies such

as Deloitte are commissioning studies on what’s important

to them and everyone’s taking notes. This group, born

after 1980, is the first generation to come of age in the

new millennium – during a time of technological change,

globalisation and economic disruption. Their world view is

different; they have great expectations.

Deloitte surveyed nearly 7,700 millennials from 29 countries

during September and October 2015, to learn more about

their values and ambitions, drivers of job satisfaction, and

their increasing representation in senior management teams.

This report shows that millennials appear to be steered by

strong values at all stages of their careers: ‘It’s apparent in

the employers they choose, the assignments they’re willing

to accept, and the decisions they make as they take on more

senior-level roles.’

According to The Deloitte Millennial Survey 2016, millennials

judge the performance of a business on what it does and

how it treats people. They continue to hold business in high

regard; three-quarters (73%) maintain that it has a positive

impact upon wider society.

That is the good news. However, 44% of millennials

say, if given the choice, they would like to leave their

current employers in the next two years. ‘A perceived

lack of leadership-skill development and feelings of being

overlooked are compounded by larger issues around work/

life balance, the desire for flexibility, and a conflict of values.’

Deloitte’s advice to businesses is blunt- adjust how you

nurture loyalty among millennials or risk losing a large

percentage of your workforce. Most young professionals

choose organisations that share their personal values,

including a work-life balance. They are more willing to pass

up a promotion, change jobs, take a pay-cut or even change

careers to achieve more flexibility.

Millennials have made it clear what they seek. It’s up to

businesses to help create the brave new world they want, to

win their loyalty.

What millennials really want – and why you should care

Smarter Working

SMALL WINS CREATE

MOMENTUM

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USA

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Email: [email protected]

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Producing the components

of today’s progressive workspaces


THE BEST WAY TO PREDICT THE FUTURE IS TO CREATE IT. -Alan Kay

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CONTACT US TO COLLABORATE ON YOUR PROJECT

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