Analysis of 32 regional UK property markets by Lambert Smith Hampton has found that 27% of total regional available office property (11.7m sq ft) is obsolete and that of this total, 7.4m sq ft is suitable for conversion. “This obsolete space is ... Read more
Total returns from UK commercial property in March reached 0.5% at the All Property level, according to the latest CBRE monthly index, taking the total for the first quarter to 1.2%. This follows a 0.4% return in February. Capital values continued to ... Read more
Rents for prime office space in key towns in the southern M25 area are likely to rise as a result of a lack of good-quality stock, says Hurst Warne. Will Gelder, in the firm’s Redhill office, says the economic downturn in 2007 put a stop to almost ... Read more
Knight Frank has reported a bounceback in occupier activity in the M25 area and M4 corridor offices during the first quarter of this year, but says take-up in the M3 region remains relatively subdued. Take-up in the M25 market was 646,517 sq ft in Q1 ... Read more
The Manchester Office Agents Forum says occupier activity in the first quarter of this year has strengthened considerably compared with Q1 2012. There was a significant uplift in the levels of take-up of office space in Greater Manchester and in ... Read more
Central London commercial property remained highly attractive to international investors in the first quarter of 2013, says Cushman & Wakefield, which has calculated that a total of £2.75bn was transacted, with overseas investors accounting for ... Read more
The subdued outlook for traditional finance-sector employment in the City of London is raising important questions for landlords, investors and developers, says DTZ. Financial sector headcount is forecast to be broadly flat over the forecast period ... Read more
Cushman & Wakefield says leasing activity in the market for office space in Central London is being driven by occupiers seeking more value for money. The firm says the balance of power remains in occupiers’ favour, with larger companies, in ... Read more
Jones Lang LaSalle expects UK property returns to improve to 4.6% at the All Property level in 2013, compared with 3.4% in 2012. Returns over the five-year forecast period reach 6.2%, but this is lower than the long-term average. The firm’s latest ... Read more
Jones Lang LaSalle has published a new report: ‘From Obsolescence to Resilience’, showing that while the property industry faces a problem with depreciation and obsolescence, investors and occupiers can gain value through strategic refurbishment and ... Read more
