Mapletree’s Post

If you want a workspace somewhere like the West End, you’re going to have to pay loads more to get the spot you want, right? Ok, so the West End is becoming really well-occupied and prices are ultimately higher - we’re also seeing clients pay them as it’s deemed a real destination spot. BUT…  That doesn’t mean you’ll be paying loads more if you fancy moving here. 💡 If the business is having a bit of a growth spurt and is set on a specific location, a smaller office can be an attractive option if flexible working means the place won’t be overrun each day. 💡 Sometimes (disclaimer alert), you could get a bigger space if you’re willing to compromise on the provider, or the amenities. This doesn’t mean you’ll have to up sticks from your perfect office to somewhere basic, but compromising on this or the levels of fit-out could get costs down 👇 if you want to size up 👆 💡 Another thing we’re seeing is spill-out into nearby areas. For example, Holborn becoming a go-to as the West End fills up. There’s loads of options out there, so try looking outside of your go-to bubble and you might be surprised at what you find! #Kontor #London #RealEstate #Property #Soho #Myth #FactChecking

#HappyFriday all. One of my happiest career moments was working at then-Redstone and being part of the the go-to-market development around smart buildings, flexible working, office space etc. I worked with hugely talented people and that as a marketer is a treat as they fuel the machine with thought leadership and insights. I could name many people from that era, but Julie Garden springs to mind today as I read this article about Canary Wharf looking to diversify. "Eight years ago, we recognised that Londoners increasingly wanted to live and work in vibrant communities with green space, leisure facilities, shops, restaurants, schools and medical services — all within easy reach," said Shobi Khanm chief executive of CWG. What I remember clearly is that Julie was really beating this drum. Talking not just about the environment in an office, but around it too. I recall she warned Canary Wharf would be less appealing vs office space that could offer more diversity around it, services, green spaces etc. I guess I have a bit of "We told you so" going on here. But it's rewarding that Redstone and its team really led the way around these topics. And so much of that thought leadership has come to pass - particularly post-pandemic - around office purpose, real estate utilisation, remote working and the need for purpose amongst it all. Some companies are returning to old habits. But it's great to see places like Canary Wharf look to the future and - as they call it - "Canary Wharf 2.0". #SmartBuildings #OfficeSpace #HybridWorkplace #FutureOfWork

Not all of us love the commute. While you can find positives in the camaraderie of a packed tube, or delight in a forgotten chocolate bar in your rucksack, let’s be honest, it’s a pain. But once I get to The Crown Estate office, just a stone’s throw from Piccadilly Circus, the memories of GWR drift away. Why? For me, it’s all about choice. And in the West End where I work, choice is everywhere you look. The choice of cafés, bars, restaurants, shops. The choice of places to swoop in and out, or places to stop, stay, and linger. The choice to check out that new restaurant you’ve heard such good things about, or grab something quick and easy, that won’t break the bank. As people, it’s important for us to have choice. And we’re truly spoiled for it here. That’s why I’ll happily put up with the travel time. And the fare. And the packed tubes. Because when I get to the West End, I’ve all the possibility I could ask for, right on my doorstep. P.S. if you’re considering moving offices, and want to delve deeper into what the West End has to offer, have a look at our subpage Workplaces by The Crown Estate Alternatively, you can drop me a DM, or reach out to the team: Sarah Stanley, Anna Quirk MRICS, George Walker. #westend #london #office #placemaking

"As the nights draw in, more and more lights are turning off in Zone One. London’s offices are emptying. Vacancies in the West End, the City and Canary Wharf have reached a 30-year high as more companies commit to flexible working patterns. The equivalent of 60 Gherkins’ worth of office space lies abandoned, gathering dust. On the fringes of London Fields, just off Broadway Market, a Brutalist office block once occupied by a college and council offices has been transformed into a vibrant cultural hub." An excerpt from Eat Work Art's feature in The Telegraph. --- In the last couple of years, there’s been a noticeable surge in the demand for workspaces that are flexible, inspiring, and independent. People are increasingly veering away from the traditional corporate settings and this trend has resulted in heightened occupancy, especially in our various locations across London, with Netil House consistently at 95% capacity. Read the full article here: https://shorturl.at/imBO1

London’s West End office market has been under a microscope for the past few years. Occupiers continue their search for the best new office schemes, looking for today’s new version of Grade A space in prime locations. But with low vacancy rates of that sought after stock, and the development viability challenges preventing re-positioning and refurbishment of older assets, the demand is rapidly outweighing supply. So where do the occupiers go who need space in the West End in locations that has good transport links, meets their organisations sustainability criteria, provides amenities that their employees expect, and has large enough floor plates to accommodate all their staff? The answer is that they can remain in the West End, but they accept that the area is undergoing change and expansion – resulting in the core area of Mayfair extending northwards to include Oxford Street. See more:

London’s West End office market has been under a microscope for the past few years. Occupiers continue their search for the best new office schemes, looking for today’s new version of Grade A space in prime locations. But with low vacancy rates of that sought after stock, and the development viability challenges preventing re-positioning and refurbishment of older assets, the demand is rapidly outweighing supply. So where do the occupiers go who need space in the West End in locations that has good transport links, meets their organisations sustainability criteria, provides amenities that their employees expect, and has large enough floor plates to accommodate all their staff? The answer is that they can remain in the West End, but they accept that the area is undergoing change and expansion – resulting in the core area of Mayfair extending northwards to include Oxford Street. See more:

Office-to-Resi Conversions All this talk about the rezoning in Midtown to residential reminded me of an office-to-resi conversion project I was working on a while ago. Office buildings usually have a deep floor plate that creates challenges to the required light and air needed for compliance. We tapped into the Special Home Occupation Provision as the solution. This provision allows us to transform residences into live-work hubs while addressing the extra long apartment layout dilemma.  Now, as office vacancies and hybrid work are on the rise, I believe we will be seeing a lot of these popping up around the city. #realestate #nyczoning #homeoffice #mma

Resilience and adaptation are the key themes of Curchod & Co LLP's lates article on NovaLoca looking back at the activity during Q1 2024 in the #Surrey and #northHampshire #office market. To read about how the market is embracing the #hotelisation of offices and the widening gap between #prime and #secondary space please follow the link below. #SurreysNo1CommercialAgent #BootsOnTheGround #SurreyBusiness #HampshireBusiness #CommercialProperty https://lnkd.in/eRDnmsyp

🔹 Let’s go behind the scenes with Victory Six at The Wharf! 🔹 Before moving onto The Wharf, our Victory Six team was working elbow to elbow, advising clients and building the foundation of our company. It was our Managing Partner Martin Rahmani who predicted The Wharf would be the next hot spot in the city. On any given day, we look out and see wandering tourists, excited concert-goers, and locals looking for their next go-to spot. The sunsets above the water have been spectacular, and our growing collection of office plants will definitely agree that the view is unmatched. You can find our team at The Pitch Workspace, enjoying the well-loved espresso machine, sleek office spaces, and productive ambiance. Our Managing Partner Andrew Clausnitzer comments, “People are alive and everyone is getting stuff done. The environment is open and airy, and it just makes you feel good.” The communal blackboard is also fun to check out, featuring building-wide happy hours and social events. Needless to say, we made the right choice! The Wharf | Samantha Dunlap | #VictorySix #BehindTheScenes #WashingtonDC #AdvisoryFirm  #GovernmentRelations #GovernmentAffairs #DueDiligence #ManagementAdvisory #InvestmentAdvisory #BusinessAdvisory #DoD #TheWharf