Clare Bailey, a director in the Savills commercial research team shared her research with NovaLoca on affordable workspace in Scotland and the creative industry How affordable workspaces are helping to nurture Scotland’s creative ... Read more
Scottish office market – Outlook and opportunities for 2021 Presented by Savills. 18th February 2021. NovaLoca attended the Scottish office market webinar hosted by Nick Penny whose panelists included David Cobban of Savills Glasgow and Mike ... Read more
The change in consumer habits to favour coffee shops as a meeting place in the UK over recent years can be seen in town centres, village high streets and more recently in drive-thru’s and retail parks. It is almost impossible to visit these places ... Read more
In September, Britain’s shop vacancy had fallen to 12.9% which is the lowest figure since April 2010. The main change was the continued fall in the shopping centre vacancy rates dropping by -0.9% compared to the previous year’s figures, with no ... Read more
Growth in total UK commercial development activity accelerated in May, says Savills. The firm’s Total Commercial Development Activity Index had a net balance of +5.8% last month, up from +5.1% in April. Respondents to the survey indicated that better ... Read more
The increasing ‘noise’ about Grade B property, core plus and value add is yet to translated into a marked pick-up in deal activity or pricing for non-prime property, says Savills in its latest review of the UK commercial property market. ‘Prime’ ... Read more
Commercial development activity dipped during April after a strong March, according to Savills, which says its Total Commercial Development Activity Index reached a net balance of +5.1% in April – the eighth consecutive positive reading – down from ... Read more
Investors were busy acquiring UK shopping centre property during the first quarter of 2013, says Savills, with 20 investment deals done during Q1 totalling £1.43bn. This compares with £488m in the same period last year, the firm notes. The average ... Read more
Growth in prime rents for Central London retail property may ease this year, says Savills, as fewer occupational requirements are pursued less aggressively compared with 2012, and void rates rise slightly as a result of the greater number of lease ... Read more
Savills’ Commercial Development Activity Index for February posted a net balance reading of +10.9%, up from +3.1% in January and the fastest rate of expansion in four months. Those surveyed said improved confidence in the economy, the launch of new ... Read more
