The Charity sector has been under immense pressure over the past few years. The pandemic, cost of living crisis, and wider economic uncertainty have all impacted charity operations to varying degrees. The demand for services offered has increased exponentially, whilst funding has reduced, and operational costs have soared. These conflicting fundamentals are unsurprisingly filtering through to charities’ decision-making on the future shape and size of its office footprint. The next few years look set to see several more challenges that will influence the shape of the workforce and workplace for charities in London.
DeVono has compiled a short document highlighting the current challenges facing charities, and office leasing trends of charities across London in 2022, touching on location choice and office size preferences and rents paid.
Here are some of DeVono’s key points:
- Average size of office space leased down by 45% since 2019
- Charities have secured cheaper office spaces in 2022
- The City was the charity sector’s preferred location
- Space rationalisation and ESG goals dominate leasing strategies
- Charities turn to flexible office options
The document also gives a glimpse into our recent workplace consulting projects with Third Sector clients, and we highlight a few charities that we have supported with their workplace journey over the past few years.
Download the full report here.
