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In: Journal of Property Investment & Finance, Band 33, Heft 5, S. 424-435
Purpose
– The purpose of this paper is to outline key changes happening within occupier businesses that will have a medium- to long-term impact upon the demand for office space and, ultimately, the property investment market.
Design/methodology/approach
– The paper is based on survey work undertaken for the City of London Corporation as well as direct experience in advising corporate occupiers on their accommodation needs.
Findings
– The findings suggest major changes taking place in the demand profile of office occupiers, in terms of both quantitative and qualitative demand for space.
Practical implications
– There are a number of practical implications arising from the findings, not the least being the need for investors to consider the appropriateness of current standards for base building design and fit-out in contemporary offices.
Originality/value
– The paper presents the output of primary research and consulting and is therefore of an original nature. Its value lies in the fact that the findings reflect the actual experiences and plans of corporate occupiers and can be taken as reliable indicators of future demand for office space.
In: Bank of England Quarterly Bulletin 2018 Q1
SSRN
In: Journal of property research, Band 12, Heft 1, S. 75-78
ISSN: 1466-4453
Sustainable Tourism is vital reading for anyone seeking to understand the complexities associated with sustainable tourism development, and how government and industry have responded to the challenges the concept poses.The major areas addressed in this edited volume are:* perspectives and issues associated with the concept of sustainable tourism development* accreditation, education and interpretation, including specific examples such as Green Globe 21, the European Blue Flag Campaign and the WWF's
Funding: Scottish Government (Grant Number(s): Marine Mammal Scientific Support Research Program); Homebrew Films; National Research Foundation of South Africa (Grant Number(s): 105782, 90782). ; Video data are widely collected in ecological studies, but manual annotation is a challenging and time‐consuming task, and has become a bottleneck for scientific research. Classification models based on convolutional neural networks (CNNs) have proved successful in annotating images, but few applications have extended these to video classification. We demonstrate an approach that combines a standard CNN summarizing each video frame with a recurrent neural network (RNN) that models the temporal component of video. The approach is illustrated using two datasets: one collected by static video cameras detecting seal activity inside coastal salmon nets and another collected by animal‐borne cameras deployed on African penguins, used to classify behavior. The combined RNN‐CNN led to a relative improvement in test set classification accuracy over an image‐only model of 25% for penguins (80% to 85%), and substantially improved classification precision or recall for four of six behavior classes (12–17%). Image‐only and video models classified seal activity with very similar accuracy (88 and 89%), and no seal visits were missed entirely by either model. Temporal patterns related to movement provide valuable information about animal behavior, and classifiers benefit from including these explicitly. We recommend the inclusion of temporal information whenever manual inspection suggests that movement is predictive of class membership. ; Publisher PDF ; Peer reviewed
BASE
In: Journal of Property Investment & Finance, Band 40, Heft 5, S. 493-507
PurposeThis paper investigates how large UK corporate occupiers perceive the potential role of flexible office space in their office portfolios in a post-pandemic context.Design/methodology/approachThe research methodology is qualitative and applied. For a longitudinal survey, convenience sampling was used to obtain co-operation from 11 corporate real estate managers with responsibility for managing large corporate real estate portfolios spread across a range of business sectors and countries. Semi-structured interviews were selected as the core research method to seek and to optimise the balance between discovery and generalisability.FindingsAlthough the pandemic has led corporate occupiers to fundamentally re-appraise where and when different work tasks are performed, it is not yet clear whether this has major implications for the flex space sector. The flex space model, with its blending of various occupiers and activities, is perceived to be poorly aligned with an increasing emphasis on the office as a core corporate hub facilitating connection, collaboration, enculturation, learning and creativity. Since most flex space is concentrated in central locations, it is also not well positioned to benefit from any decentralisation of office functions. However, as the flex space sector evolves in response to structural shifts in employment and working practices and business change, its various products are likely to be a continuing requirement from corporate occupiers for short-term solutions to demand shocks, the need for rapid market entry, accommodation for short-term projects and access to desk space in multiple locations.Practical implicationsUnderstanding occupiers' drivers in their decision-making on selecting the method of occupation will assist investors in how they might adjust what they offer in the marketplace.Originality/valueWhilst there has been a substantive number of surveys of corporate occupiers' perceptions and intentions regarding their office portfolio, this paper focusses on a specifically on the flex space sector. Whilst previous research has mainly been extensive, this research study is intensive.