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1 – 7 of 7Omokolade Akinsomi, Olayiwola Oladiran and Zoe Kaseka
This paper aims to explore the impact of COVID-19 on office space in Johannesburg. This study further explores the role of changing work practices in the office sector in South…
Abstract
Purpose
This paper aims to explore the impact of COVID-19 on office space in Johannesburg. This study further explores the role of changing work practices in the office sector in South Africa because of the pandemic and its impact on future office space use planning and management.
Design/methodology/approach
To understand the footprints that the COVID-19 pandemic has left on the office space market in Johannesburg, this study uses semi-structured interviews, which were administered to corporate office users, and a thematic analysis was adopted to understand the views, perspectives and expectations of office users.
Findings
The study showed that space users perceive COVID-19-induced remote working as having benefits, opportunities and challenges. A notable shift in office space utilization has emerged, with employees increasingly opting for roles that permit remote work. This newfound flexibility, accommodating both on-site and remote work, often makes working from home more appealing than traditional office environments that may no longer align with users’ preferences for office spaces.
Research limitations/implications
The study is limited to Johannesburg, South Africa, and may not apply to other African markets. Ten in-depth interviews were conducted, and analysis and results were deduced; this may be considered a limitation of this study.
Practical implications
The pandemic’s impact has brought about irreversible changes, compelling policymakers and business leaders to strategize and prepare. This proactive stance aims to prevent avoidable challenges for employees and companies during future pandemics. A thoughtful approach to the post-pandemic world can usher positive changes in the office and property sector. This includes the coexistence of both remote work and on-site working models.
Originality/value
This paper provides valuable insight into some of the outcomes of the COVID-19 pandemic in South Africa that are essential for future office space use planning and management. The insights from this study extend the literature and provide novel knowledge based on an office sector in the “global south.”
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Jamiu A. Dauda, Olayiwola Oladiran, Chloe A. Sutherby and Adejimi Adebayo
Embracing digitisation within the building surveying profession will enhance its practices and, of course, improve productivity. However, the level of digitisation within the…
Abstract
Purpose
Embracing digitisation within the building surveying profession will enhance its practices and, of course, improve productivity. However, the level of digitisation within the building surveying profession is very low. Thus, this study aims to identify factors impacting technology adoption within the building surveying professions and provide practical ways of improving the adoption of technology.
Design/methodology/approach
This study employed a convergent mixed-methods approach to identify digital technologies applicable to building surveying professions. The study also investigates factors influencing technological adoptions and provides ways of improving their adoption. The data collected were analysed using thematic analysis and ordinary least squares regression.
Findings
The study found that business communication platforms and smartphone applications are frequently used, while digital survey equipment and in-house developed applications are less commonly utilised by building surveyors. The influencing factors identified are economy, technical knowledge, culture, efficiency and regulatory factors. The study recommends increased education and training for building surveyors, promotional opportunities from manufacturers and government intervention in the form of subsidies or tax breaks to promote further digitisation within the building surveying profession.
Originality/value
This study provides valuable insight into strategies for the digitalisation of the building surveying profession. Application of the findings would promote further utilisation of digital technologies.
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Olayiwola Oladiran, Adesola Sunmoni, Saheed Ajayi, Jiarong Guo and Muhammad Azeem Abbas
This paper examines the categories of property attributes that are important to UK university students in their online accommodation search. It also analyses the volume of…
Abstract
Purpose
This paper examines the categories of property attributes that are important to UK university students in their online accommodation search. It also analyses the volume of information displayed regarding the property attributes and explores the influence of some of the information provided on the attractiveness and by extension, the booking potential of the property.
Design/methodology/approach
The authors use data from an online student accommodation listing platform – student.com – which contain tangible and non-tangible property attributes, and the data are analysed using a hedonic regression model.
Findings
The results show that purpose-built student accommodation's (PBSA) tangible and intangible attributes are important to students in their online accommodation search, although, these attributes vary in impact. The study also reveals that failure to display key information of a PBSA may reduce the attractiveness of the property.
Originality/value
The empirical evidence on student accommodation ex ante preferences and choices is limited, particularly as it relates to online accommodation search in a UK context. The authors' approach to identify the application of the search theory to the student accommodation search process is particularly unique.
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Jamiu A. Dauda, Saheed Ajayi, Temitope Omotayo, Olayiwola O. Oladiran and Olusegun M. Ilori
Small- and medium-sized enterprises (SMEs) within the construction sector are highly vulnerable to disruptions caused by political and economic decisions or even pandemics. This…
Abstract
Purpose
Small- and medium-sized enterprises (SMEs) within the construction sector are highly vulnerable to disruptions caused by political and economic decisions or even pandemics. This study evaluated the current operations of selected SMEs providing engineering design and consultancy services against Toyota Production System (TPS) lean tool. The purpose is to juxtapose SME operations and processes with TPS to ascertain the level of their operations conformity to the established TPS lean thinking tool.
Design/methodology/approach
This study used a qualitative data collection and analysis approach to evaluate the current processes of participating SMEs against Liker's 14 management principles of TPS. The data collected were analysed using thematic analysis to identify patterns and themes that emerged from the qualitative data.
Findings
The analysis revealed that focus on short-term goals, immediate profit and duplication of effort resulting from insufficient collaboration is currently creating waste in participating SMEs' operations. Hence, the implementation of TPS was recommended as a lean tool and a framework based on TPS lean tool was developed for improving the operations of SMEs.
Research limitations/implications
The study is limited to SMEs operating only as consultants providing project planning design within the construction industry. Data collection is limited to qualitative even though observations would improve the outcome of the study.
Originality/value
The study advances contemporary issues in promoting lean implementation in construction sector and developed an improved framework based on the TPS to enhance the performance of SME construction businesses.
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Olayiwola Oladiran, Anupam Nanda and Stanimira Milcheva
This study aims to examine the housing outcomes of natives and multiple generations of non-natives using a longitudinal survey data in Britain.
Abstract
Purpose
This study aims to examine the housing outcomes of natives and multiple generations of non-natives using a longitudinal survey data in Britain.
Design/methodology/approach
The authors use longitudinal data from Britain, in which they can observe multiple generations of immigrants and their demographic and economic information.
Findings
The probability models for housing tenure reveal significant variation in the outcomes which are robust to several econometric specifications.
Research limitations/implications
As migration and its impact on local economy is a highly debated topic across several major regions of the world, the findings bring out important insights with policy implications. The research is limited by the sample size of the longitudinal survey.
Originality/value
The empirical evidence on the topic is quite limited with mixed findings. Especially, the authors’ ability to look through multiple generations is unique in identifying the variation in housing outcomes for the native and non-native citizens.
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This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.
Abstract
Purpose
This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.
Design/methodology/approach
This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.
Findings
Deciding whether to allow employees to work remotely or flexibly is becoming increasingly difficult due to the pitfalls of either choice. But forcing employees back into the office is causing considerable backlash.
Originality/value
The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.
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Heiko Leonhard, Maximilian Nagl and Wolfgang Schaefers
As blockchain-based virtual worlds gain prominence within the emerging metaverse and Web3, numerous global companies and investors are buying purely virtual land to explore new…
Abstract
Purpose
As blockchain-based virtual worlds gain prominence within the emerging metaverse and Web3, numerous global companies and investors are buying purely virtual land to explore new business potentials and capitalize on digital assets. Given the similarities to physical real estate, this study examines the dynamics of the secondary market for virtual land and relates its returns to those of physical real estate.
Design/methodology/approach
Using transaction-level data from a prominent virtual land platform, the authors construct a virtual land market index based on repeat sales index methodology from traditional real estate studies. Wavelet coherence analysis is employed to examine the dynamic correlation between virtual land and various physical real estate market returns. The determinants of this correlation are estimated using stepwise regression analysis. A portfolio analysis explores the implications of adding virtual land to traditional asset portfolios.
Findings
The correlation between virtual and physical real estate market returns is generally low, reaching its lowest during the Covid-19 lockdowns from 2020 to 2022. It spikes during acute economic turmoil such as the initial Covid-19 outbreak or interest rate change announcements. The correlation is primarily driven by consumer and economic climate, the price of the virtual economy token and investor attention. Portfolio analysis indicates that virtual land can enhance risk-adjusted returns within a traditional portfolio, particularly when added to a commercial real estate portfolio.
Research limitations/implications
This study examines a single virtual land market, despite it being the oldest and one of the largest. Given the rapidly evolving nature of virtual worlds, it is crucial to further test the results and include new virtual land platforms as they emerge.
Practical implications
The findings provide actionable insights on portfolio implications for investors seeking alternative real-estate-like assets in the digital space. Additionally, this study offers strategic guidance for entering the metaverse, including a comprehensive overview of established virtual presences.
Originality/value
With the advancing digitization of real estate markets, this study is the first to explore the correlation between market returns of virtual land in the metaverse and traditional physical real estate. The findings provide valuable empirical insights for investors, policymakers, entrepreneurs and companies interested in the intersection of digital and traditional property markets.
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