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Wellbeing to impact on commercial success of workspaces, says new report

Workspaces which are developed with a focus on wellbeing will be more commercially successful according to new research from Cushman & Wakefield.

The agent’s ‘Well Workplace’ report highlights the trends, opportunities and challenges of the future for office owners and occupiers due to the growing emphasis on employee health at work.

Sophy Moffat from Cushman & Wakefield’s EMEA research and insight team is behind the report and says: “The rise of wellbeing in the commercial real estate industry is not a fad but a long-overdue acceptance that people are the largest cost and biggest contributor to the success of companies. The call to action for the real estate industry, and broader built environment, is loud and clear: the design and building of workplaces must change to meet a flexible future.

“Standout examples where wellbeing is already being fully incorporated into buildings, such as the Edge in Amsterdam, are rare. This disconnect between the benefits of a healthy and engaged workforce and office environments which impact wellbeing in negative ways cannot continue. As technology’s rapid advance has impacted the type of jobs people are doing, and the workspaces they require, wellbeing has emerged as a critical issue for the industry because it is simply too fundamental to be ignored.

“Evidence points to the return on investment available to investors and tenants from differentiation, value creation and risk management. We must now encourage the concept of a broader perspective focused on the total value of the investment and where a workplace culture of work-health balance is the norm.”

Here in the North West the firm’s Manchester head of office agency, Rob Yates (pictured), goes on to say:  “The competition to hire and retain the best people – with companies across all sectors often chasing the same talent – and the known benefits from increased workforce productivity has seen large tech companies at the forefront of workplace developments. We believe the trickle-down effect across the wider industry will become a flood due to a number of factors, chief among them the benefits for the bottom line.”