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Article
Publication date: 2 May 2022

Howard Cooke, Stefania Fiorentino, Rob Harris, Nicola Livingstone and Pat McAllister

This paper investigates how large UK corporate occupiers perceive the potential role of flexible office space in their office portfolios in a post-pandemic context.

Abstract

Purpose

This paper investigates how large UK corporate occupiers perceive the potential role of flexible office space in their office portfolios in a post-pandemic context.

Design/methodology/approach

The research methodology is qualitative and applied. For a longitudinal survey, convenience sampling was used to obtain co-operation from 11 corporate real estate managers with responsibility for managing large corporate real estate portfolios spread across a range of business sectors and countries. Semi-structured interviews were selected as the core research method to seek and to optimise the balance between discovery and generalisability.

Findings

Although the pandemic has led corporate occupiers to fundamentally re-appraise where and when different work tasks are performed, it is not yet clear whether this has major implications for the flex space sector. The flex space model, with its blending of various occupiers and activities, is perceived to be poorly aligned with an increasing emphasis on the office as a core corporate hub facilitating connection, collaboration, enculturation, learning and creativity. Since most flex space is concentrated in central locations, it is also not well positioned to benefit from any decentralisation of office functions. However, as the flex space sector evolves in response to structural shifts in employment and working practices and business change, its various products are likely to be a continuing requirement from corporate occupiers for short-term solutions to demand shocks, the need for rapid market entry, accommodation for short-term projects and access to desk space in multiple locations.

Practical implications

Understanding occupiers' drivers in their decision-making on selecting the method of occupation will assist investors in how they might adjust what they offer in the marketplace.

Originality/value

Whilst there has been a substantive number of surveys of corporate occupiers' perceptions and intentions regarding their office portfolio, this paper focusses on a specifically on the flex space sector. Whilst previous research has mainly been extensive, this research study is intensive.

Details

Journal of Property Investment & Finance, vol. 40 no. 5
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 27 February 2019

Le Ma, Richard Reed and Jian Liang

There has been declining home ownership and increased acceptance of long-term renting in many western countries including Australia; this has created a problem when examining…

Abstract

Purpose

There has been declining home ownership and increased acceptance of long-term renting in many western countries including Australia; this has created a problem when examining housing markets as there are dual demand and include both owner-occupiers and investors. The purpose of this paper is to examine the long-run relationship between house prices, housing supply and demand, and to estimate the effects of the two types of demand (i.e. owner-occupier and investor) on house prices.

Design/methodology/approach

The econometric techniques for cointegration with vector error correction models are used to specify the proposed models, where the housing markets in the Australian states and territories illustrate the models.

Findings

The results highlight the regional long-run equilibrium and associated patterns in house prices, the level of new housing supply, owner-occupier demand for housing and investor demand for housing. Different types of markets were identified.

Practical implications

The findings suggest that policies that depress the investment demand can effectively prevent the housing bubble from further building up in the Australian states. The empirical findings shed light in the strategy of maintaining levels of housing affordability in regions where owner-occupiers have been priced out of the housing market.

Originality/value

There has been declining home ownership and increased acceptance of long-term renting in many western countries including Australia; this has created a problem when examining housing markets as there are dual demand and include both owner-occupiers and investors. This research has given to the relationship between supply and dual demand, which includes owner-occupation and investment, for housing and the influence on house prices.

Details

Journal of Property Investment & Finance, vol. 37 no. 2
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 1 September 1998

Peter Dent and Alan White

The intention of this paper is to examine the perceptions of existing office occupiers in an effort to determine whether current property provision is meeting need and also to aid…

1380

Abstract

The intention of this paper is to examine the perceptions of existing office occupiers in an effort to determine whether current property provision is meeting need and also to aid understanding of potential future requirements. The data which support the paper were gathered as part of a comprehensive study of the Birmingham office market undertaken by the authors. The objective of that study was to gain a better understanding and appreciation of occupier needs and preferences in terms of the type and location of commercial office accommodation. The study also included an analysis of occupiers’ responses to determine future demands and trends for such accommodation.

Details

Facilities, vol. 16 no. 9/10
Type: Research Article
ISSN: 0263-2772

Keywords

Article
Publication date: 9 March 2010

Jessica Niemi and Anna‐Liisa Lindholm

Corporate occupiers are among the important interest groups in the real estate business. The whole value network in the real estate sector, consisting of, e.g. developers…

2743

Abstract

Purpose

Corporate occupiers are among the important interest groups in the real estate business. The whole value network in the real estate sector, consisting of, e.g. developers, investors, and service providers depend on the occupier organizations and meeting their needs and preferences. The purpose of this paper is to investigate the methods applied by the parties in the real estate sector in identifying and evaluating office occupiers' needs and preferences regarding the physical, virtual, social as well as financial elements of the workplace.

Design/methodology/approach

Based on theme interviews with selected Finnish organizations, the applied methods for evaluating office occupiers' needs and preferences are analyzed and presented. The applicability of the methods is evaluated by a set of criteria based on a literature review and the interviewees' responses.

Findings

The paper presents an efficient and relevant evaluation of the applied methods in matrix form. Additionally, recommendations for the development of the methods are suggested.

Practical implications

Analyzing the occupiers' needs and preferences related to physical, virtual, social, and financial elements of offices requires applicable methods. The methods should enable the parties in the real estate sector to analyze the direction of the real estate markets as regards the different elements.

Originality/value

The paper provides a classification and analysis of the methods applied to identify office occupier organizations' needs and preferences. Suggestions for further development of the methods are presented enabling a comprehensive analysis of needs and preferences.

Details

Journal of Corporate Real Estate, vol. 12 no. 1
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 4 November 2014

Rob Harris and Howard Cooke

– The purpose of this article is to provide an overview of the way that corporate real estate (CRE) has developed in the UK since the early 1990s.

1865

Abstract

Purpose

The purpose of this article is to provide an overview of the way that corporate real estate (CRE) has developed in the UK since the early 1990s.

Design/methodology/approach

Review of how various professional bodies, occupiers and landlords have responded to the changing business and workplace environment.

Findings

CRE managers and the professional bodies that represent them are at a crossroads. Whilst the business world has evolved since 1990, the CRE sector has not and faces the prospect becoming purely a technical rather than a strategic subject.

Originality/value

A review of what has happened and not new research.

Details

Journal of Corporate Real Estate, vol. 16 no. 4
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 1 January 2006

Moira Hamilton, Lay Cheng Lim and William McCluskey

This paper aims to contribute to the theory, practice and development trends in relation to commercial property leases.

4866

Abstract

Purpose

This paper aims to contribute to the theory, practice and development trends in relation to commercial property leases.

Design/methodology/approach

The paper utilises three key methodological approaches to the research, namely, case studies, desktop literature review and questionnaire survey analysis. This approach enables the in‐depth analysis of both primary and secondary data in relation to the wider commercial property leasing market.

Findings

The main findings from an analysis of the case study cities demonstrate clearly that office tenants are requiring shorter lease terms, more tenant break options and rent reviews to market value.

Research limitations/implications

The paper relates to the development of commercial property leases. While the research inferences are drawn from four major cities they would nonetheless represent a similar pattern from across the UK.

Practical implications

The findings of this paper should be of practical benefit to those involved in the drafting of commercial leases and in particular the management and leasing of commercial property.

Originality/value

This paper presents the results of original empirical research utilising data drawn from several authoritative sources. The value of the work lies in the lease patterns that have been discovered through the case studies analysis.

Details

Property Management, vol. 24 no. 1
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 1 October 2000

Paul S. Phillips, Julia D. Fraser and Antony R. Denman

Northamptonshire is classified as a radon affected area, with greater than 1 per cent of houses being above the UK action level of 200Bq/m–3. New houses, in areas where >10 per…

Abstract

Northamptonshire is classified as a radon affected area, with greater than 1 per cent of houses being above the UK action level of 200Bq/m–3. New houses, in areas where >10 per cent are above the action level, have to have primary protection of a radon‐proof membrane and secondary measures such as a non‐activated radon sump. New houses, in areas where 3‐10 per cent are above the action level only need the secondary measures. This research calls into question the effectiveness of this strategy. The use of radon potential maps, rather than radon in building maps, would have demonstrated that radon “hot spots”, where a very high percentage of houses are over the action level, can occur on a range of geology. One estate, at Higham Ferrers, had 35 per cent over the action level, even though it had been classified as only requiring secondary measures. The reluctance of occupiers in the UK to instigate monitoring and remediation means that very few will have their house tested for radon and activate the sump, by fitting a fan, if that is required. This paper provides arguments that support the view that it would be more effective to have primary and secondary measures introduced in all new houses in radon affected areas.

Details

Environmental Management and Health, vol. 11 no. 4
Type: Research Article
ISSN: 0956-6163

Keywords

Content available
Article
Publication date: 1 February 2003

Craig Watkins and Michael White

497

Abstract

Details

Journal of Property Investment & Finance, vol. 21 no. 1
Type: Research Article
ISSN: 1463-578X

Abstract

Details

Quality in Ageing and Older Adults, vol. 3 no. 2
Type: Research Article
ISSN: 1471-7794

Content available
Article
Publication date: 1 September 1998

67

Abstract

Details

Property Management, vol. 16 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

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