Central London retail property will continue to outperform the rest of the UK this year, says Savills. An Olympics-related bounce in spending is possible in the capital, but the outlook for the rest of the year remains mixed – nevertheless, “Central ... Read more
Are investors losing interest in the UK market for retail warehouse property? Savills says this doesn’t appear to be the case from the low levels of stock being marketed – it’s more that many investors are just unwilling to trade in the current ... Read more
The market for Manchester office space to let has begun the year quietly, and the city will not be immune to the effects of local and national government austerity, but its strength in sectors other than finance and the public sector will deliver ... Read more
Savills says its Commercial Development Activity Index for March recorded the strongest monthly expansion in two years. There were improvements in both the private and public sectors – work on private-sector contracts grew for the third month in a ... Read more
Great Portland Estates has agreed a pre-let on the whole of 33 Margaret Street in London’s West End to Savills. This follows a pre-let agreement in December 2011 for most of the office space in the building. Savills has now pre-let all the ... Read more
The technology, media and telecoms (TMT) sector accounted for 20% of take-up of office space in Central London last year, Savills notes. The last time TMT was this prominent in terms of take-up was just before the dotcom crash of 2000, but the firm ... Read more
Savills has noted sustained “and possibly increasing” demand for Grade A City of London commercial property from overseas investors, particularly from Asia. It expects this to maintain prime yields for such properties at 5.25% and says they could be ... Read more
Prime headline rents for office space in Edinburgh city centre are set to come under pressure to rise towards the end of 2012, according to the latest research from Savills. A growing shortage of supply is forecast to push current rental levels up ... Read more
Savills says UK commercial property developers have become positive about the future, for the first time in eight months. The firm’s commercial development activity index for January recorded a positive sentiment reading of +1.2%, a sharp improvement ... Read more
Looking at retailers’ recent trading results, Savills says “Christmas 2011 leaves a market place for 2012 where sentiment continues to be very fragile”. It feels that occupiers and owners of high-street shops “will need to tread very carefully in ... Read more
