Savills says this Christmas could be stronger for retailers than many have expected, and notes that a number of retailers have been quietly predicting the same thing. But the big challenge for retail landlords over the next few years remains the fact ... Read more
Take-up of office space in the City of London reached 408,000 sq ft in September, Savills says in new research into this market, and this takes the Q3 2012 total to 3.2m sq ft. The total take-up figure in September was about 15% below normal for ... Read more
Take-up of office space in Edinburgh during the first half of 2012 was more than double the level seen in H2 2011, says Savills in its latest research on the market. Two of the high-profile requirements in the market at the end of last year have come ... Read more
Commercial property development activity in the UK rose in September, for the first time in five months, reports Savills. The firm’s Total Commercial Development Activity Index reading for September came in at +9.9%, compared with -14.8% for ... Read more
Savills reports that UK commercial property development activity fell in all nine monitored sectors in August. The firm also says the decline in activity was the fastest since December 2011. The construction PMI data for August had signalled only a ... Read more
The supply side is reacting faster than expected to the shortage of Grade A office space in Central London, says Savills – but the firm still expects an undersupply to continue to support rising office rents during 2012-2017. While take-up of Central ... Read more
While take-up of office space in Birmingham was subdued in the first half of 2012, demand for offices in the prime core was more resilient, says Savills. Take-up for the whole of Birmingham was down 56% year-on-year at 112,346 sq ft during H1 2012 ... Read more
Savills’ latest research into investment in property in the West End of London indicates that the total volume of deals done during the first half of this year totalled £2.7bn. May and June were “somewhat sluggish” in terms of turnover, in contrast ... Read more
There was a further marked deterioration in UK commercial development activity in June, says Savills in its latest update on the market. The firm’s Total Commercial Development Activity Index rose last month from the minus 13.8% reading in May, but ... Read more
Buyers of commercial property for sale in the City of London in recent months have generally been focused on value-added investments, says Savills. The firm has noted a sharp increase in turnover during May, with total completions of £1.36bn in City ... Read more
