Chaos theory states that “something as small as the flutter of a butterfly’s wing can ultimately cause a typhoon half way around the world”. Less dramatically put, one cause can have many effects. Emerging technologies are a case in point. Emails, mobile phones and wifi have facilitated flexible working for this era’s workforce...One example of a creative workspace is Clearbell’s Lingfield Point in Darlington. This boasts creative spaces with services including a nursery and cycle route. The office space allows for flexible working, with a range of services offered on site....Manish Chande is a senior partner at Clearbell Capital.
For now, anyone hoping to acquire a skyscraper at a knockdown price will be disappointed. But Manish Chande, senior partner at property-focused private equity firm Clearbell Capital, points out that the boom in high-end commercial assets is not reflected throughout the market. “There are already significant areas of weakness and, outside of prime, City [office] net effective rents have fallen up to 15 per cent and are trending weaker,” he says.