Neil Prime of Jones Lang LaSalle says speculative office activity is expected to return to the London property market in 2013, as the current development pipeline is “inadequate to meet any upturn in demand”. JLL expects around 4.3m sq ft of office ... Read more
Colliers International expects the tentative economic recovery to stumble in the first half of this year, and has cut its forecast for total returns in 2013 at the All Property level to 6.7% from 8.8%. While higher employment levels and improved ... Read more
Office occupiers in Central London are continuing to migrate eastwards, says The Times, citing research from Cushman & Wakefield showing that take-up of West End office space fell 25% in 2012 to 2.5m sq ft. This was despite the booming demand for ... Read more
Haslams Chartered Surveyors has announced the letting of 5,500 sq ft of office space in Reading, at ‘The Blade’ in the town centre, to recruitment consultancy Roc Search. The company will move its head office into the seventh-floor offices in ... Read more
Commercial property in the UK produced a largely flat performance in November, says CBRE, with values at the All Property level falling by 0.2% after a 0.1% decline in October. The firm’s latest Monthly Index shows that capital values across all UK ... Read more
Savills expects full-year take-up of office space in Manchester to exceed last year’s total of 699,000 sq ft. It says South Manchester has experienced something of a recovery, with year-to-date figures exceeding take-up for the city centre. The ... Read more
Total returns from secondary property are set to outperform those from prime by 2014, after turning positive once more next year, says DTZ. The firm’s latest research into the pricing of secondary commercial property in the UK says that offices will ... Read more
Developments of office space in Leicester of more than 100 sq m will no longer be restricted to the New Business Quarter, under a proposed action plan for the city’s offices launched last week by the mayor. Leicester council commissioned a review ... Read more
The weaker economic backdrop, which in turn has subdued business investment, is a large part of the explanation for the major deterioration in value of lower-quality secondary property assets in the UK – apart from the Central London offices market, ... Read more
Energy Performance Certificates (EPCs) are not enough by themselves to deliver the government’s targets to de-carbonise the UK’s built environment, says Jones Lang LaSalle in a joint report with the Better Buildings Partnership, a collaboration ... Read more
