Corporate companies in property and finance are shifting towards more creative offices, according to a report by office agents, Pilcher Hershman.
The study showed that now 62% of corporate companies and teams with under 10 people are interested in working in more creative offices, with open spaces and high ceilings.
Around 30% said that they still needed to work in a corporate environment to ‘promote corporate values’ but most were open to working in communal workspaces and more creative areas such as offices in Kentish Town, Finsbury Park, Holborn and Clerkenwell.
What do creative offices look like?
Creative offices are often characterised by large spaces, high ceilings, natural light and wooden/limestone flooring. It is a far cry from the traditional cubicle and office monkey format, often associated with corporate environments.
Many office groups such as Regus have shifted to the more creative look and it is being championed by the work spaces such as WeWork, Spaces and LABS.
Many have communal areas, breakout rooms, a mix of meeting rooms and there are often synergies with other companies in the building and office. Some will have gyms and saunas too.
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However, whilst this initially appealed to tech startups, fashion, media companies and one-man bands, the average person working in finance or investments is now drawn to this type of work environment.
Julian Wogman of Pilcher Hershman commented: “We are seeing a lot more enquiries for creative spaces coming from traditional occupiers such as finance, investment & law. We find that they are looking to reposition themselves culturally and creatively; ditching the suit and tie for more casual clothing and want a brighter and interesting work environment that attracts talented staff as well as clients in tech and media, for example.”
Guy Ailion, Partner of KSR Architects commented: “In the past decade or so an attitude to the workplace has seen an almost paradigm shift. Driven by a new wave of millennials entering the workforce, innovative business owners are rethinking their office culture. The spaces in which you work now represent the both employee’s values, and the business’ culture with the boundaries between work and play and home are becoming more intertwined.”
Companies seek more flexible office contracts
In addition to more flexible work spaces, 87% of those surveyed said that they wanted more flexible contracts for their offices.
This reflects the changing nature of businesses that fluctuate between the number of staff members – and also may need more or less space depending on the number of freelancers or consultants that work for the business.
Companies of all sizes want the option to leave office agreements early, even if it means paying a higher monthly rate initially.