The BBC just reported that one out of three new jobs created in the UK over the past decade has been in London. That's great news for the London economy! However, it seems like the construction of new commercial real estate in the capital hasn't kept up with this trend. London office space vacancy rates have dropped from 10.2% in 2009 to 4.6% in 2018*.
Surely, the current ultra low unemployment rate of 5% contributed as well.
What does this mean for employees? Will they be squeezed into ever smaller office spaces like sardines in a can?
This has also been fuelling the trend to more open-plan office layouts as businesses can fit in more employees per square foot, thereby saving costs. One thing's for sure: As more employees work in tighter spaces the need for quiet places will increase as the constant noise levels will cause distraction and disruption. Luckily, you can get one of our office phone booths to give your employees a break.
If you're not sure whether your employees need more privacy in the office, why don't you conduct an internal survey and find out? From data we gathered it seems like most employees in the UK wished they had more quiet places in the office.