Headline rental levels for prime office space in Aberdeen hit a record of £31.50 per sq ft last year and could reach £34 per sq ft by the end of 2012 as occupier demand remains strong and the shortage of Grade A space is still acute, says Knight ... 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
Bowyer Bryce has let Unit 26 on the Great Cambridge Industrial Estate in Enfield to Medlock Electrical Distributors at a rent of £35,120 per year subject to an outstanding rent review from March 2010. The single-storey industrial unit comprises 3,353 ... Read more
The single biggest threat to the recovery of the European commercial property market is the inability of investors to obtain fresh debt, according to CBRE’s survey of more than 340 leading property investors. The firm’s latest Real Estate Investor ... Read more
As meetings get under way for the second day of MIPIM, the market for retail property for sale and to let across Europe is in focus this morning. Jones Lang LaSalle has published a list of the top ten cross-border retail destinations in Europe, ... Read more
It’s MIPIM time again! Those who struggled through yesterday’s Eurostar delays to make it to the south of France have arrived to find it rather breezy and cool so far in Cannes, but the slew of news from the annual event has already begun. Key events ... Read more
IPD last week presented a new industry-backed initiative to support the measurement of sustainable investment in commercial property. At CBRE’s Sustainability Breakfast on 29 February, IPD launched a new set of questions, the answers to which will ... Read more
Relative investment prospects for commercial property in the UK improved during the final quarter of 2011, says DTZ, whose Fair Value Index score for the UK rose to 53 for Q4 2011 from 33 for the previous quarter. The firm has revised upwards its ... Read more
Occupier demand for ‘big box’ distribution and industrial units for sale and to let (Grade A properties of more than 100,000 sq ft) is likely to remain restrained in the first half of this year, given the economic outlook, says Jones Lang LaSalle. ... Read more
The supply of Grade A distribution properties and industrial units for sale and to let in the UK continued to tighten last year, falling 28% to 13.1m sq ft, says Lambert Smith Hampton, while levels of secondary space fell 4%. In its National ... Read more
