DTZ says take-up of office space in the UK regional office market increased in Q3 to 930,000 sq ft, compared with the 10-year quarterly average of 1m sq ft. But the firm expects the full-year figure to be subdued at around 3.5m sq ft – the lowest ... Read more
Total returns from UK commercial property improved last month, reaching a ‘modest’ 0.4% according to the latest CBRE Monthly Index after September’s 0.2% return. Capital values at the All Property level also improved as the decline slowed down to ... Read more
Activity in the Central London offices market was subdued during the third quarter, says Jones Lang LaSalle, with 1.6m sq ft let across 88 transactions. Volumes were a third below the quarterly average and this was the lowest Q3 total since 2003. ... Read more
Concerns about the UK economy and the eurozone crisis have continued to affect UK shopping centre development activity, and the availability of debt funding for such schemes. Knight Frank, in its latest research into the sector, says development ... Read more
Jones Lang LaSalle’s UK Property Index for the third quarter shows total returns of 1.3% compared with 0.4% in the previous quarter. The firm notes this is the largest quarterly increase since Q4 2011, but points out that annual returns for 2012 so ... Read more
The Olympics delivered a one-off boost to the UK’s GDP in the third quarter this year, but the IPD says the recovery for the commercial property sector will be more of a marathon than a sprint. Phil Tily, IPD UK and Ireland managing director, says: ... Read more
Jones Lang LaSalle has highlighted in a recent report that the latest Bank of England quarterly lending figures show that UK bank exposure to property fell to its lowest since 2002 in the third quarter. The proportion of lending to property as a ... Read more
Savills says this Christmas could be stronger for retailers than many have expected, and notes that a number of retailers have been quietly predicting the same thing. But the big challenge for retail landlords over the next few years remains the fact ... Read more
Strong growth in the values of residential property in Central London is driving increased conversion of office space to residential use, says DTZ in new research. By the end of Q3 2012 planning permissions for office conversion to residential in ... Read more
Take-up of office space in the City of London reached 408,000 sq ft in September, Savills says in new research into this market, and this takes the Q3 2012 total to 3.2m sq ft. The total take-up figure in September was about 15% below normal for ... Read more
