Norway better off than its neighbours
There is a worldwide unrest in the property market, but the commercial real estate agents at NAI First Partners expect the situation to be less dramatic in Norway than elsewhere in the world.
- The international downturn is affecting Norway due to the general insecurity worldwide and due to the fact that the Norwegian market is small. The fundamental conditions seem better in Norway than in neighbouring countries.
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Saves millions on relocation
Lindorff relocates from Skøyen to Helsfyr. This saves the company 10 to 11 million. Recently, there has been an enormous focus on soaring rental prices of office premises in Oslo. Experts predict records of over 3.000 Norwegian kroner per square meter in prestigious areas such as Vika and Aker Brygge. But such high rentals are far from the norm for most businesses in the Oslo area. Work-intensive companies that do not boast high profitability per employee, are hunting for far cheaper premises.
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Open office solutions, great or not?
It started with consultancies and oil companies, then Posten, Petoro and currently government and local corporations; they have all shown the desire to change the office space solutions. Many are inspired by wireless, open-plan offices, without regular seats. But is this really a good idea?
Certain surveys carried out by ROM demonstrate that the individual efficiency decreases in open-plan offices due to the lack of concentration. ROM also carried out surveys among the Telenor management shortly after their change.
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Important to renegotiate finances
DIf your current office premises satisfy the needs of floor space and purpose, it will always be economical to renegotiate. This must compensate for the lift the organization might achieve through a relocation.
On the expiry of contract the business is forced to carry out an evaluation of whether it is better served by remaining in the current office premises, or whether it should find something new.
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New key figures from Opak:
Be conscious about the common costs
Most tenants know that in addition to the price per square metre, there are also common costs associated with the lease of office premises. Common costs may rarely be renegotiated, unlike the square meter price. Understand that the common costs may vary a great deal from building to building. The average levels lie between 240 to 310 Norwegian kroner per square meter, shows a new report from Opak.
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High return on property
Norwegian properties gave a return of whopping 17,6 per cent last year. Best of all was the development in the office market.
Those that have been sitting on commercial properties the latest years, have been able to enjoy a solid appreciation. Last year, the return on property was the highest since IPD Norwegian Property index started to follow the market seven years back. Norwegian properties gave their owners a return of 17,6 per cent last year.
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Private offices lead to worse physical and mental health
In the dissertation ”Office Environment, Health and Job Satisfaction” the Swedish research worker Christina Danielsson has interviewed 491 people in 26 different companies. The respondents were asked several questions about their physical and mental health, job satisfaction and absence due to illness.
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Transparent workplace
Would you enjoy working in a transparent glass palace, without your own workstation? Telenor has created a whole new work environment for its employees at Fornebu. Puls has been following two employees during the transitional period.
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