Knight Frank, which today held its annual Central London Office Market Breakfast, cites a “severe imbalance” between supply and demand for high-quality office space, and growth in market sectors such as technology, media, telecoms and financial ... Read more
Demand from banks and other financial services companies for office space in London has rebounded, according to figures out from Knight Frank, which says the take-up of office space in central London by the financial sector jumped to 6.4m sq ft last ... Read more
Rental growth in the market for available office space in Central London will be driven by a lack of grade A space this year, with Jones Lang LaSalle forecasting that West End office rents will reach around £95 per sq ft in larger units and above ... Read more
The UK property market was resilient during September, says CBRE, with the firm’s Monthly Index showing capital growth of 0.3% and a total return for all property of 0.8%. By sector, offices were the strongest performing area, with capital growth ... Read more
We’re not short at the moment of gloomy commentary on the outlook for UK commercial property - as well as the quarterly index from Jones Lang LaSalle showing a slowdown in returns and capital values, and the Savills development activity expectations ... Read more
British Land today said it remained cautious about the near-term outlook as it reported a 2.2% increase in NAV to 515p per share for its first quarter, the three months to 30 June. The increase in the group’s portfolio valuation was just 1.4%, ... Read more
Cushman & Wakefield says London remains a key city in which to do business – investment activity in the capital’s commercial property market remained at a high level during the second quarter of 2010, with £2.78bn transacted in the key City, ... Read more
The market for office space in Central London again performed more strongly than other commercial property sectors during April, said CB Richard Ellis as it unveiled its Monthly Index report last week as voters went to the polls. The All Property ... Read more
CB Richard Ellis has joined the chorus of voices saying that the lack of new office space in central London is squeezing prices higher. During Q1 2010 the recovery in prime rents continued, the group says, and take-up for the quarter was the highest ... Read more
More from RICS today. The institute’s Commercial Property Survey for Q1 2010 says rental expectations for office space to let in central London have risen dramatically, as available space has declined for the second quarter in a row. RICS says ... Read more
