The IPD/Strutt & Parker Lease Events Review, which has measured more than 93,000 leases over 2011 and 2012, has concluded that struggling tenants are increasingly exercising their right to exit a lease early. Almost 60% of the leases (weighted ... Read more
GVA says the vacancy rate for office space in the West End of London fell to 4.6% during the third quarter of 2012, from 5.0% in the previous quarter, with take-up bouncing back after an exceptionally quiet Q2. The total amount of West End office ... 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
The government last week unexpectedly announced that it would postpone the revaluation of business rates in England until 2017. The British Property Federation has condemned the move, saying it is a further blow to the country’s struggling high ... Read more
Segro today reported more progress despite a “challenging” macroeconomic backdrop. In a statement to the London Stock Exchange Segro said it had generated new annualised rental income of £5.5m from the take-up of developments completed during the ... Read more
In its quarterly review of major UK regional office markets, GVA says the out-of-town market is generally performing better than city-centre markets at the moment, but that this could change as larger deals complete towards the end of 2013. While ... Read more
Media and technology companies continued to dominate take-up of office space in London during the third quarter of 2012, says Cushman & Wakefield, accounting for almost 534,000 sq ft of the total 1.8m sq ft occupied during the quarter. This is ... Read more
Developers and investors have good reason to focus on the market for industrial property in West London and industrial units in the Thames Valley, says Jones Lang LaSalle in new research. This market is widely perceived to be leading a fragile ... Read more
The Docklands office of sbh Page & Read has let a 12,550 sq ft industrial property in Barking to Kailo Fashions on a five-year lease. The annual rent on Units 1 & 2 at 75 River Road is £67,000. The firm has also let the office space at Unit ... Read more
Total property returns reached 1.3% in Q3 2012, according to the Jones Lang LaSalle property index, compared with 0.4% for Q2. Although this was the biggest quarterly increase since Q4 2011, annual returns for 2012 so far are still significantly ... Read more
