Jones Lang LaSalle expects UK property returns to improve to 4.6% at the All Property level in 2013, compared with 3.4% in 2012. Returns over the five-year forecast period reach 6.2%, but this is lower than the long-term average. The firm’s latest ... Read more
Jones Lang LaSalle has published a new report: ‘From Obsolescence to Resilience’, showing that while the property industry faces a problem with depreciation and obsolescence, investors and occupiers can gain value through strategic refurbishment and ... Read more
Take-up of office space on business parks in the UK reached 1.9m sq ft during the second half of 2012, says GVA, which is in line with the six-monthly average but down from the 2.5m sq ft recorded for H1 2012. The strongest activity was in the South ... Read more
Growth in prime rents for Central London retail property may ease this year, says Savills, as fewer occupational requirements are pursued less aggressively compared with 2012, and void rates rise slightly as a result of the greater number of lease ... Read more
The increase in take-up of industrial property towards the end of 2012 together with a rise in development starts and completions could signal the first signs of improvement in the sector, says GVA in new research. Demand for large industrial space ... Read more
The TMT sector, encompassing broadcasting, publishing, new media, advertising, marketing, PR, information technology, telecoms and media occupiers, continued to take a rising proportion of Central London office space last year, accounting for 22% of ... Read more
Savills estimates that by the end of 2012, only 15% of the vacant office space in Edinburgh was Grade A. Overall office availability in the city has fallen by nearly 10% during the past year, the firm estimates, with virtually no new or refurbished ... Read more
Take-up of office space in Glasgow last year was only slightly below average, says Savills. While second-half take-up was “a rather underwhelming” 137,870 sq ft, taking the total for 2012 to 371,870 sq ft, this level of take-up is more or less in ... Read more
Bowyer Bryce has let 1,966 sq ft of office space in Dagenham at 71 Chequers Lane. The self-contained first-floor offices, with parking for 10 cars, has a reception area on the ground floor. The property has been let by Bowyer Bryce to Interserve ... Read more
There’s every reason to think that Bristol offers the best prospects for growth of all UK regional cities, and excellent opportunities for investors seeking alternatives to London’s superheated property markets, says GVA in new research. GVA notes ... Read more
