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
The European market for available industrial units and logistics properties attracted strong investor interest during the second quarter, says Jones Lang LaSalle. The total transaction volumes of €2.2 billion recorded in Q2 2012 were up 56% from ... Read more
Prices for office space in the City of London fell in July for the second consecutive month, says the IPD, despite the interest of overseas buyers – and this may indicate that values in the sector are past their peak. The IPD’s UK monthly property ... 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
The summer lull in the City of London offices market meant that only 127,000 sq ft was taken up in July across 11 deals, says Jones Lang LaSalle. This is well below the monthly average of around 300,000 sq ft. So far this year 2.1m sq ft has been ... Read more
Take-up of office space in the West End of London was subdued during July, says Jones Lang LaSalle, with 102,00 sq ft let across 10 transactions. So far this year 1.4m sq ft has been let compared with 1.6m sq ft at the same point in 2011. Demand ... Read more
The UK commercial property markets improved their performance in July with All Property total returns at 0.2% and values falling by 0.3% after their 0.5% decline in June, says CBRE. The firm’s latest Monthly Index shows that Central London property ... Read more
GVA says that while the economic backdrop remains challenging for occupiers, some recent data such as more robust employment figures and “mildly encouraging” retail sales numbers indicate that there are some positive trends for occupational ... Read more
In the final part of our look at CBRE’s research into regional office markets during H1, we turn to Birmingham, where take-up recovered slightly in the second quarter after “one of the most challenging quarters for take-up on record” in Q1. ... Read more
In our second look at CBRE’s research into regional office markets, we start with Manchester, where take-up of office space at the end of the first half of this year was 296,000 sq ft, which is 21% below the long-term half-year average, CBRE says. ... Read more
