News in Numbers

NEWS IN NUMBERS 300%

Increase in the rate of building retrofits needed each year – from 1% to 3% – to meet the 2050 decarbonisation targets in the Paris Climate Agreement, according to a report by JLL. Achieving this, it says, would cost around US $3 trillion in the office sector alone.

81%

Percentage of Generation Z workers feeling disconnected from their peers when working from home, according to a study of 3,000 workers by workspace firm Unispace. It suggests Gen Z values the structure, socialisation, and support that a physical office provides more than older workers.

-6%

Decrease in corporate real estate capital values across all UK commercial property in October 2022, according to the latest CBRE Monthly Index. Rental value grew by 0.3% while total returns were -6.4%. The news was worst in the industrial sector, where the decrease was -10.6%

62,000

Number of security officers that must be recruited, trained and licensed over the next 12 months if the sector is to keep up with demand, says the British Security Industry Association (BSIA). The figure takes into account 20,000 officers likely to leave the sector in the same period.

$111.6 BILLION

The size of the global energy management system (EMS) market by 2030, with growth averaging 13% per annum fuelled by the number of smart buildings, general growth in IoT linkages and soaring demand for real-time visibility of energy use (Data: Grand View Research, Inc.)

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10.72 MILLION SQ FT

Amount of available high-grade office space in London in the last quarter – its lowest level since late 2010, at just 41% of the total supply. The data from real estate consultancy Cushman & Wakefield says that this is despite demand for such space having “rocketed”.

10-30%

The percentage global decrease in energy used for heating, cooling and appliances, as measured per square metre of floor area in commercial buildings relative to 2015 levels, by 2030, according to the United Nations’ latest Emissions Gap Report.

£25.8

BILLION

Total revenues at Compass Group for the year ended 30 September. The group says its first-time outsourcing market remains buoyant, accounting for about 45% of new business wins.

2 IN 5

Number of higher education (HE) and further education (FE) institutions (42%) either not confident or not knowing whether they will meet their decarbonisation target, in line with the government’s goal of a 78% reduction in emissions by 2035 compared with 1990 levels.