Occupiers have already reduced their office space requirements as they seek to drive down costs. The ongoing effects of portfolio rationalisation, flexible working and more efficient use of space, coupled with the subdued economic conditions, imply ... Read more
Take-up of office space in Manchester city centre is expected to total around 700,000 sq ft for 2011, which would be 30% below the long-term average of 990,000 sq ft and almost half the level recorded in 2010, says Lambert Smith Hampton. But the ... Read more
Savills has acquired investment and asset management business Gresham Down Capital Partners. The company provides investment advisory and brokerage advice focused on the Central London commercial property market, with domestic and international ... Read more
Jones Lang LaSalle is predicting that large-scale lease expiries or break clauses could threaten a recovery in the UK commercial property market, if occupiers take the opportunity to downsize. The Telegraph reports that JLL has calculated a total ... Read more
Many corporate occupiers will be seeking to reduce costs this year, but Jones Lang LaSalle says the shortage of high-quality office space in a growing number of markets means that it will be more difficult for them to make savings. The scarcity of ... Read more
