According to the latest report from CBRE, the UK has suffered a substantial drop in the commercial property market, as values have fallen by 0.2%, making a buyers’ market imminent as a result of the decline over recent months.
In 2011, £33.4 billions of property was exchanged, but office, retail and industrial property sectors have all noted a 0.2% fall.
Central London has seen its first decline after a two year increase which has “caused a softening in overall office performance this month, as the counter buoyancy effect of a strong central London office market has stalled”, according to the report.
Offices within the rest of the UK have also noted a decline with values falling by 0.4%. The retail sector has also suffered a notable lack in business too, seeing returns of 0.2% over the first month of 2012, down from 0.4% the previous – a fall in value of 0.2%.
The weakest sub-sector in January proved to be shopping centres, as capital value showed a fall of 0.5%. Retail warehouses saw a decline from 0.7% in December to 0.4% on their monthly returns. High street shops experienced a slight increase in January, although their values still fell by 0.1% with total returns of 0.3%.
Occupier markets saw no major deterioration, although a fall in rental values was noted throughout January – down by 0.1%, and by 1.2% throughout the last year. Shopping centres had a decrease of 0.1% in rents, while retail warehouses maintained stability in January as this space is considered to be in short supply.
Further decline was illustrated within occupier and investment markets, as capital values fell 0.2%, with total returns of 0.3% being delivered. As a direct result of issues surrounding the Eurozone, a gradual decline in performance is evident over the past four months.
There has also been a fall of 0.3% in rental values in January 2012 – notably the weakest month since September 2011.
Commercial property values fall in the UK
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Stress policy leads to improved employee engagement
Businesses may wish to implement a stress policy to reduce the number of disgruntled employees within the firm.
Businesses looking to rent Manchester office space may wish to take a leaf out the BSN Medical handbook to reduce stress in the workplace.
According to You At Work, the media device company operates a “stress policy”, which has resulted in an increase in employee engagement.
The scheme aims to improve the conditions that its staff work in, including training on how to deal with tension in the workplace.
Another area of focus is ensuring workers have a good work-life balance, as this will lead to an increase in production.
Lisa Pickersgill, the HR manager at BSN Medical, said: “Our employees can take advantage of the health cash plan we have in place, which helps them to cover the cost of their everyday healthcare needs.”
A recent survey conducted by Sovereign Health Care found that workers in the north-east find covering for employees on annual leave a stressful experience, with redundancy named as the only thing that worries them more.
If you would like to find office space to rent in Manchester try visiting www.workspacesearch.com
UK firms urged to nurture talent
Businesses have been encouraged to remove the stifling atmosphere some employees feel is affecting their creativity.
Businesses looking to rent Chorley industrial units have been urged to become “culturally led” in a way that encourages people to release talent.
European Leaders has suggested that the way businesses are run needs to alter in order to avoid stifling talent in a “control and command” environment.
Ashley Ward, one of the directors of the company, said: “You need to have buy-in from the top that you are going to be a transparent business and you need to be culturally led in a way that allows the people in the company to release talent.”
In this way, companies could achieve “a workforce throughout the levels of the business that is engaged with the business and can very much see what it is doing,” Mr Ward explained.
His comments follow research by the DDI Global Leadership Forecast, which showed that just 36 per cent of UK leaders rated their organisation as having a high quality of leadership.
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Office staff working longer
Businesses looking to rent Letchworth office space may be interested to hear that research has shown staff are working longer hours now than they were one year ago.
Figures from accountancy and business advisory consultancy RSM Tenon showed that 75 per cent of people are putting more hours into their jobs, with almost three-quarters saying they work more than the average 31.8 hours.
The survey also found that very few of the people working more hours than they should be received any payment in lieu.
Carl Jackson, head of recovery with the company, said: “Many companies may have over-compensated for the recession and shed more jobs proportionately than the work they have lost.
“This therefore causes the remaining staff to be overstretched, and the consequences of that decision are being felt now.”
Research by psychology company Robertson Cooper recently showed that staying late in the office on a regular basis can cause health problems, costing the company more in absenteeism.
Description Tag: Letchworth office space staff are working longer hours
Extract: Office staff are working longer hours than they were in 2010
Title Tag: Workers are spending longer in their office space than they were a year ago
Work Space Search Launch a New Commercial Property Blog
The Commercial Property Portal, www.workspacesearch.com has launched it’s new commercial property blog.
Keep up to date with world wide commercial property news via the Work Space Search Blog, news and articles about every type of commercial property are soon to be published, from a variety of contributors and writers, from all corners of the industry.
- Offices & Office Space
- Serviced Offices
- Industrial Units
- Studio Space
- Service Apartments
- Workshops
- Storage Space & Self Storage Units
- Virtual Offices
- Mailboxes
- Meeting Rooms and Conference Facilities.
If you would like to write anything for the Work Space Search Blog, please email us at info@workspacesearch.com – We will keep any links you choose to include in your contributions, so it’s a great way to create relevant links back to your website, for FREE !!
We hope you all enjoy the blog ! 
A Quiet Non-City-Centre Office at Glenfield Business Centre in Leicester
- DBS – Glenfield Business Centre – Leicester
- Address: The Old Rectory Glenfield
- Channel: Serviced Office Location:
- United Kingdom, West Midlands UK, Leicester
- Contact: Julie Valance
- Telephone/Mobile: 0116 2325100
- Email: info@dbs-centres.co.uk
The Serviced Office Space in Glenfield, Leicestershire, at The Old Rectory run by DBS Managed Offices is the only Grade II listed building in Leicestershire.
The three storey building is partly Jacobean, part Queen Anne, and has been sympathetically converted to provide businesses with high quality serviced offices.
Set in peaceful landscaped gardens yet close to the A50/M1, Nottingham East Midlands and Birmingham Airports, it is an ideal location to travel nationally and worldwide. Plenty of on site parking is available both to resident companies and their customers.
The business centre’s receptionist acts as your receptionist, so all your visitors are greeted and welcomed when they arrive.
Although the office building retains its original character and feel, clients have access to the latest voice and data technology and state of the art office equipment without the capital outlay.
DBS invests its time and resources to ensure you reap the benefit. At Glenfield Business Centre you can book our meeting room by the hour or the day and at short notice. It accommodates ten board room or U style and twenty theatre style. The centre can provide home made buffet lunches and refreshments either in the meeting room or in your office.
Go to Work Space Search, using the following link, to enquire about pricing and availability at the Serviced Office Space in Glenfield
