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The changing nature of the workplace and the future of office space

Author

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  • Rob Harris

Abstract

Purpose - – The purpose of this paper is to outline key changes happening within occupier businesses that will have a medium- to long-term impact upon the demand for office space and, ultimately, the property investment market. Design/methodology/approach - – The paper is based on survey work undertaken for the City of London Corporation as well as direct experience in advising corporate occupiers on their accommodation needs. Findings - – The findings suggest major changes taking place in the demand profile of office occupiers, in terms of both quantitative and qualitative demand for space. Practical implications - – There are a number of practical implications arising from the findings, not the least being the need for investors to consider the appropriateness of current standards for base building design and fit-out in contemporary offices. Originality/value - – The paper presents the output of primary research and consulting and is therefore of an original nature. Its value lies in the fact that the findings reflect the actual experiences and plans of corporate occupiers and can be taken as reliable indicators of future demand for office space.

Suggested Citation

  • Rob Harris, 2015. "The changing nature of the workplace and the future of office space," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 33(5), pages 424-435, August.
    • Handle: RePEc:eme:jpifpp:v:33:y:2015:i:5:p:424-435
    DOI: 10.1108/JPIF-05-2015-0029
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    Citations

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    Cited by:

    1. Jan Gerard Hoendervanger & Anja F Ernst & Casper J Albers & Mark P Mobach & Nico W Van Yperen, 2018. "Individual differences in satisfaction with activity-based work environments," PLOS ONE, Public Library of Science, vol. 13(3), pages 1-15, March.
    2. Annette Kämpf-Dern & Mascha Will-Zocholl, 2022. "Transforming workplaces into performing workspaces—Holistic evaluation concept for managing workspace change projects," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 8(2), pages 189-211, October.
    3. Fernanda Antunes Batista da Silva, 2021. "Flexible workspaces within corporate real estate," LARES lares-2021-4dqc, Latin American Real Estate Society (LARES).
    4. Martin Christian Höcker & Yassien Bachtal & Andreas Pfnür, 2022. "Work from home: bane or blessing? Implications for corporate real estate strategies [Work from Home: Fluch oder Segen? Implikationen für das betriebliche Immobilienmanagement]," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 8(2), pages 101-137, October.
    5. Robert J Rogerson & Bob Giddings, 2021. "The future of the city centre: Urbanisation, transformation and resilience – a tale of two Newcastle cities," Urban Studies, Urban Studies Journal Limited, vol. 58(10), pages 1967-1982, August.
    6. Jaroslaw Morawski, 2022. "Impact of working from home on European office rents and vacancy rates," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 8(2), pages 173-188, October.
    7. Ayoko, Oluremi B. & Ashkanasy, Neal M. & Li, Yiqiong & Dorris, Alana & Jehn, Karen A., 2023. "An experience sampling study of employees’ reactions to noise in the open-plan office," Journal of Business Research, Elsevier, vol. 155(PB).

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