Jones Lang LaSalle says 2.5m sq ft of office space in Central London was let during Q1 2013, the highest total since the end of 2010. The 863,000 sq ft forward sale to Google at King’s Cross certainly boosted this figure, but JLL says “demand does ... Read more
The latest London Office Crane Survey from Deloitte Real Estate strikes a positive note, with 9.7m sq ft of office space in Central London now under construction – the highest for four years and an increase of 8% over the past six months. Letting ... Read more
At Knight Frank’s well-attended M25 breakfast earlier this week, the firm’s head of South East Investment said demand for offices in the South East of England and the M25 region is arguably as strong now as at any time over the past six years. But ... Read more
sbh Page & Read has announced the letting of unit 5B on the Triumph Trading Estate. The 3,025 sq ft industrial unit in Tottenham has been let for a year to STV Building Services at an annual rent of £22,687.56. In Enfield, the firm has also let ... Read more
More evidence of increased activity in UK regional office markets during Q1 2013, this time from Knight Frank, which reports a “notable” rise in take-up and a number of markets exceeding 2012’s quarterly average. Net effective rents rose across the ... Read more
Total occupier take-up of office space across the UK’s ‘Big Six’ regional markets reached a million sq ft in Q1 2013, says Jones Lang LaSalle. This is an increase of 25% compared with a year earlier; although there were regional variations, the total ... Read more
Writing in the latest issue of “In Retail”, CBRE’s head of retail agency Tony Devlin says that while retail administrations might be expected to trigger frantic cherry-picking by retailers previously locked out of prime pitches, this is not ... Read more
Knight Frank is advising occupiers of Central London office space to investigate the level of their business rates, to see whether they are excessive. It notes that business rates are among the few taxes to be based on an opinion of value, and this ... Read more
Jones Lang LaSalle says Q1 2013 take-up of office space in the Western Corridor, at almost 650,000 sq ft, was nearly four times the level of a year earlier, and a third above the five-year quarterly average of 487,500 sq ft. The total figure was ... Read more
Ryden has announced a further letting at Glasgow Trade Park, on behalf of Silverbank Development Company. Hire Station has taken a 10-year lease on 6,006 sq ft at a rent of £6.50 per sq ft. There is now only 10,000 sq ft of space available at the ... Read more
