According to GVA, the lack of new office development taking place or planned within the City Centre could drive the shortage, as firms continue to lease the available office space and eat away at the overall supply of space within the City Centre.
The local Council in South Tyneside has agreed a multimillion pound purchase for new office space to replace the current South Shields base, due for demolition.
Two new office buildings have been established at Viking Business Park for the Council staff to occupy before the ‘blot on the landscape’ that is Wouldhave House is finally demolished for the benefit of local residents.
Birmingham City Council has given the green light to a plan to refurbish an old four-floor office building based in the centre of Birmingham and create a new school.
Despite fears over a lack of outdoors play area and its built-up central location, Council planners plan to go ahead with the conversion from city office block to secondary school, ready to be operational for the 2012-2013 school year.
The Council of the Isles of Scilly has announced their intentions to improve their office space at Carn Thomas with a £19,000 renovation.
Certain buildings are over 100 years old and while planners were surprised by the building’s stability, they have informed the Council of the need to renovate certain elements of the offices before they become hazardous.
Published by Jones Lang LaSalle, a report on the office market in the Scottish Capital states that uptake has continued to accelerated since the beginning of 2012 – with the 244,000 sq. ft. taken in the second quarter of the year representing the speediest uptake in the City since 2007.
Reports suggest a major boom in tech take-up of office space as the UK continues to boom on the digital world scene.
A host of tech incubators are cropping up in London and nationwide, led by the likes of Google, Seedcamp and Mozilla Spaces, where young companies and digital start-ups can work co-operatively in shared spaces.
151 Products, a discount goods manufacturer, has relocated its HQ to new offices in a converted Victorian building in Ancoats, Manchester.
Believed to have sold for around £1 million, the building offers 12,702 square feet of office space, showroom space and laboratory space for the budget supplier that serves Poundland and other high street discount stores.
Experts have warned of a potential shortage of office space in Dublin for new or developing companies – a situation which could lead to a lack of new job opportunities and hamper economic recovery for the city.
While jobs and business interest in the city has been picking up in recent months and years, forecasters wonder if there is enough large, modern office space to attract significant-sized multinational firms.
Workers across the UK are putting in an extra 16 days each year according to new research.
Calculating the additional time worked by office based employees in the UK, these additional working days are accumulated by failing to take their lunch breaks in full and instead eating at their desks – where phone calls and emails interrupt them.
With demand expected to rise during the next 18 months, property experts GVA believe that the lack of development taking place in the Edinburgh needs to be addressed urgently – with a lack of high-quality office space having the potential to restrict growth in the Scottish Capital.