While take-up of office space in Birmingham was subdued in the first half of 2012, demand for offices in the prime core was more resilient, says Savills. Take-up for the whole of Birmingham was down 56% year-on-year at 112,346 sq ft during H1 2012 ... Read more
The summer lull in the City of London offices market meant that only 127,000 sq ft was taken up in July across 11 deals, says Jones Lang LaSalle. This is well below the monthly average of around 300,000 sq ft. So far this year 2.1m sq ft has been ... Read more
Take-up of office space in the West End of London was subdued during July, says Jones Lang LaSalle, with 102,00 sq ft let across 10 transactions. So far this year 1.4m sq ft has been let compared with 1.6m sq ft at the same point in 2011. Demand ... Read more
In the final part of our look at CBRE’s research into regional office markets during H1, we turn to Birmingham, where take-up recovered slightly in the second quarter after “one of the most challenging quarters for take-up on record” in Q1. ... Read more
In our second look at CBRE’s research into regional office markets, we start with Manchester, where take-up of office space at the end of the first half of this year was 296,000 sq ft, which is 21% below the long-term half-year average, CBRE says. ... Read more
CBRE has remarked in its review of UK regional offices markets in the first half of this year that the pattern of activity on a city-by-city basis has been “more varied than at any point in the recent past”. In our first look at this research we ... Read more
Jones Lang LaSalle has been considering trends in occupancy ratios for UK office space, and whether developers can recoup the costs of changing base building design through higher rents. Developers of office space, especially City of London ... Read more
The UK property market has continued to become better value, says DTZ, as its Fair Value Index score rose to 78 in the second quarter from 61 in Q1. “Prime property is providing investors with an attractive proposition in the current economic ... Read more
Savills’ latest research into investment in property in the West End of London indicates that the total volume of deals done during the first half of this year totalled £2.7bn. May and June were “somewhat sluggish” in terms of turnover, in contrast ... Read more
Investment in the Central London offices market had reached £7.3bn by the end of H1 2012, up 24% year-on-year and driven by overseas investment of £5.1bn, Jones Lang LaSalle notes. In its latest research on the Central London market, the firm says ... Read more
