Category: Industry

The much publicised decline of WeWork has potentially significant consequences for the company’s tenants (who risk losing their business premises), employees (who have experienced a wave of staff cuts recently) and landlords (who are potentially facing large losses of income in unpaid rental arrears.

With each day that the pandemic persists, the UK’s productivity is suffering. In fact, a record fall in output per worker of 19.9% in the last year is staggering evidence of this. Employees working remotely are demotivated, burned out and lacking the many benefits of office work.

After an extended period of time where we have been told to stay indoors, protect the NHS and save lives, returning to the office and changing our behaviour patterns won't necessarily be easy. Many people will be concerned, even anxious about the thought of returning to work, their commute and integrating with colleagues. The OSiT team is here to help ease the transition back to the office and to help our clients and staff feel confident as they return to work. So, how are we doing this?

In his latest entry for Real Business, Giles Fuchs outlines his advice for entrepreneurs and small businesses seeking investment having experienced the challenges himself from trying to convince investors that his serviced office concept, at the time back in 2009, was viable and profitable to now negotiating his third round of significant funding.

Delivering a workplace for ‘happiness’ can be applied to all stages of building fit-out. From design to construction, architects can influence key features that will facilitate workplace wellbeing, helping to sustain the loyalty of the ultimately occupying workforce and minimise staff turnover.

A recent survey by Gartner predicts that one in five workers will have an AI bot as their co-worker by 2022. It’s almost impossible to talk about the future of the workplace without mention of AI or robotics, and is therefore hardly surprising that there is a feeling of apprehension amongst workers.

While we are seeing positive trends in the flexible office market, operators will face difficulty as supply begins to outweigh demand. Giles Fuchs argues that the operators that will survive and prosper will be those that can provide the most distinct service which differentiates them from their competitors, championing design, hospitality and "a human touch".

Co-founder of OSiT, Giles Fuchs has been featured in the exclusive ‘How I made it’ column in The Sunday Times. In the feature, co-founder and Chief Executive of Office Space in Town discusses his career to date, his family’s background in serviced office space and how he came to found OSiT with his sister Niki, OSiT’s subsequent success, his more recent ventures, and the lessons he learnt along the way.

Serviced apartments are something to really consider before booking your next business trip – they are ideal for business travellers, as they can be booked for either just a few nights or several weeks at a time, but they’re particularly suitable for extended business trips where more space and flexibility is required.