According to industry research from Gartner, less than 12% of workers wish to return to the workplace full-time for office-based roles. The last couple of years throughout the Covid-19 pandemic has been a proving ground for remote working, both in terms of the volume of worker output and the quality of worker output. The upshot is that many firms have...

What is the purpose of office or studio space if we can simply work from home? That’s the question on the lips of many since the Covid-19 pandemic hit. Although remote working does work for many creatives, there are several benefits to work-from-home professionals having a separate studio space they can escape to and call their own. Although we have...

Commercial property landlords may be prepared to offer some form of concession or incentive to encourage prospective tenants to sign a new lease or convince an existing tenant to extend their current lease. Commercial lease incentives have become an integral factor in the negotiation stage for new or extended leases. In fact, commercial lease incentives are a useful bargaining tool...

If you are planning to let your first commercial property as a business owner, it’s important to fully understand the concept of break clauses. Failure to grasp the basics could result in your business losing substantial sums of money and facing significant inconvenience down the line. Read on as we explore how break clauses work, their typical requirements and if...

Understanding your obligations as a first-time commercial property tenant is imperative to safeguard your best interests. It’s a good idea to familiarise yourself with the tasks that you are obliged to oversee, as well as those that should be handled by any responsible commercial property landlord. In most cases, building insurance is not one of those liabilities for tenants, contrary...

When it comes to commercial property, not all units are the same. As a result, each commercial property is given a classification based on the unit’s age, aesthetics and overall infrastructure. These office gradings are commonly used by commercial real estate landlords to identify fair lease costs per unit. If you are unclear what distinguishes between Grade A, Grade B...

This year promises to be a tremendous opportunity for the city of Birmingham to rebound fast in the post-pandemic era. The impending 2022 Commonwealth Games in the ‘Second City’ represents a golden chance for Birmingham to shine on the world stage, cementing it – and the rest of the West Midlands – as a world leading hub for investment, trade...

A new report from the Royal Institution of Chartered Surveyors (RICS) has indicated that nationwide demand for commercial property has now exceeded pre-pandemic levels. In its Q4 2021 commercial property survey, the RICS noted a shift in demand to office space, suggesting that fears of long-term repercussions from the Covid-19 pandemic are beginning to wane. Nevertheless, the survey did show...

The last 18 months have been a testing time for commercial property tenants and landlords alike. Although tenants’ issues and demands naturally ebb and flow over time, few landlords could have anticipated the ferocity and scale of change that has occurred in tenant behaviour since March 2020. The successful roll-out of the Covid-19 vaccine has enabled sufficient relaxation of social...

One-in-ten office spaces in London may fall foul of impending upgrades to energy efficiency standards in England and Wales. Property agents Colliers believe that 20,000,000 sq. ft of prime grade London commercial space will fall below the new standards, which are due to commence from 1st April 2023.   The new standards will make it illegal for commercial property landlords...