Vacancy levels for Grade A office space in Glasgow are falling as new supply remains scarce, says Colliers International. Take-up of Grade A office space in Glasgow during H1 2011 was the lowest since H1 2009, but availability of top-quality office ... Read more
The supply of Grade A office space in the Western Corridor has fallen to its lowest since 2008, says Jones Lang LaSalle. The firm’s latest research says there is a “compelling case for speculative development” in several key town centres in this ... Read more
Despite the cautious market environment, CBRE says UK funds are still keen to invest in the South East office sector and are expected to bid aggressively for good-quality properties during the final quarter of 2011. The firm says it has seen more ... Read more
British Land has agreed to pre-let 145,000 sq ft of office space at its Regent’s Place development in NW1. In a statement to the London Stock Exchange this morning the company said the pre-let to Debenhams was at 10 Brock Street, a new office ... Read more
Activity in the market for Central London office space to let rebounded in August, with nearly 1.0m sq ft of space taken up, according to new research from CBRE. There were ten deals during the month of more than 20,000 sq ft each and a ... Read more
Returns from retail property weakened during August, coming in at 0.4% for the month according to CBRE’s Monthly Index, with high street shop values falling as investor concern grew about the outlook for the consumer sector and retail rents. Capital ... Read more
Great Portland Estates has today announced two major deals – the acquisition of a 2.3 acre West End redevelopment site and the £132.75m purchase, through its joint venture with the BP pension fund, of the ITN building on Gray’s Inn Road in ... Read more
It’s Friday, the Rugby World Cup has just kicked off, and we’d like to look on the positive side today. So here are some upbeat notes from Savills, which says there are a few “quite persuasive” reasons why a “proper” economic recovery might not be ... Read more
Over the past 12 months, secondary office property in Central London has been the strongest performing sub-market within the UK commercial property markets, says CBRE. “Capital growth of 10.3% was achieved largely through a reduction in yields which ... Read more
The latest research into the market for available office space to let in Birmingham shows that rents have fallen nearly 20% for prime offices in the city centre during the past four years, says the Birmingham Post. The paper reports data from Lambert ... Read more
