Commercial property values fell 0.3% in February, says the IPD, which notes weakening occupier demand and sluggish growth in regional areas. Total returns were 0.3% for the month. This is the four consecutive month of declines in values in the IPD’s ... Read more
Take-up of office space in the centre of Bristol and in the Clifton area last year was 22% below the five-year average, at 425,289 sq ft, says Jones Lang LaSalle. The stock of available office space in Bristol centre remains at around 16.5m sq ft, ... Read more
The performance of commercial property markets in the UK dipped slightly in February, with total returns at the All Property level of 0.1%, says CBRE. The firm’s latest Monthly Index shows capital values fell by 0.4% overall last month. The index ... Read more
Headline rental levels for prime office space in Aberdeen hit a record of £31.50 per sq ft last year and could reach £34 per sq ft by the end of 2012 as occupier demand remains strong and the shortage of Grade A space is still acute, says Knight ... Read more
The technology, media and telecoms (TMT) sector accounted for 20% of take-up of office space in Central London last year, Savills notes. The last time TMT was this prominent in terms of take-up was just before the dotcom crash of 2000, but the firm ... Read more
Relative investment prospects for commercial property in the UK improved during the final quarter of 2011, says DTZ, whose Fair Value Index score for the UK rose to 53 for Q4 2011 from 33 for the previous quarter. The firm has revised upwards its ... Read more
It will be a year of refurbishment rather than new development for regional UK markets for office space, says Jones Lang LaSalle. The firm says that just six offices schemes started speculatively last year across the six regional office markets it ... Read more
Hammerson today announced that, following a strategic review, it will sell off its entire portfolio of office properties in order to become a specialist retail REIT. Retail assets currently represent 89% of the company’s £5.7bn property ... Read more
Take-up of office space in Central London fell 30% compared with December, to 839,400 sq ft, after a relatively strong end to 2011, says CBRE. But this figure was 38% more than in January 2011, the firm notes. While take-up of Docklands offices ... Read more
Savills has noted sustained “and possibly increasing” demand for Grade A City of London commercial property from overseas investors, particularly from Asia. It expects this to maintain prime yields for such properties at 5.25% and says they could be ... Read more
