Commercial property markets in the UK during December followed the pattern seen in previous months, with total returns of 0.5% and no overall change in capital values, says CBRE. CBRE’s Monthly Index for December shows that total returns for the ... Read more
Cushman & Wakefield says investors continued to view the Central London commercial property market as a safe haven in 2011, with total investment volumes for this market reaching £10.9bn for the year, up from £9.9bn in 2010. With returns from ... Read more
Occupiers have already reduced their office space requirements as they seek to drive down costs. The ongoing effects of portfolio rationalisation, flexible working and more efficient use of space, coupled with the subdued economic conditions, imply ... Read more
Take-up of office space in Manchester city centre is expected to total around 700,000 sq ft for 2011, which would be 30% below the long-term average of 990,000 sq ft and almost half the level recorded in 2010, says Lambert Smith Hampton. But the ... Read more
Jones Lang LaSalle is predicting that large-scale lease expiries or break clauses could threaten a recovery in the UK commercial property market, if occupiers take the opportunity to downsize. The Telegraph reports that JLL has calculated a total ... Read more
Many corporate occupiers will be seeking to reduce costs this year, but Jones Lang LaSalle says the shortage of high-quality office space in a growing number of markets means that it will be more difficult for them to make savings. The scarcity of ... Read more
New research from DTZ has concluded that nearly 70% of UK office stock is poor-quality, secondary floorspace – Grade C. In contrast to what you might think, availability of this class of office stock is only 3.5%, much lower than for Grade A (12%) or ... Read more
New data from Jones Lang LaSalle shows that technology, media and telecoms companies are increasingly thinking about moving or expanding beyond the West End of London, where prime rents have hit £95 per sq ft and supply remains constrained. JLL ... Read more
Take-up of office space in Central London during November was higher than in any other month in 2011, as leasing activity bounced back after a weaker October, says CBRE. Take-up reached 1.1m sq ft in November, up 80% from the previous month. The ... Read more
The IPD has added its significant voice to recent reports indicating a slowdown in the UK commercial property market. The company’s UK Monthly Index has recorded a total return of 0.5% for November, entirely due to income return. The slight ... Read more
