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
As you tuck into the mulled wine and mince pies, consider this reminder on energy efficiency from Lambert Smith Hampton. The firm is warning owners of properties with poor energy ratings that they should act promptly to improve them, or risk being ... Read more
New research from DTZ has concluded that nearly 70% of UK office stock is poor-quality, secondary floorspace – Grade C. In contrast to what you might think, availability of this class of office stock is only 3.5%, much lower than for Grade A (12%) or ... Read more
“A pocket of firm, steady growth in an otherwise confused picture”. So says Savills, describing the Central London retail market, which it says remains one of the most resilient markets of its type against a background of economic turbulence. The ... Read more
New data from Jones Lang LaSalle shows that technology, media and telecoms companies are increasingly thinking about moving or expanding beyond the West End of London, where prime rents have hit £95 per sq ft and supply remains constrained. JLL ... Read more
Take-up of office space in Central London during November was higher than in any other month in 2011, as leasing activity bounced back after a weaker October, says CBRE. Take-up reached 1.1m sq ft in November, up 80% from the previous month. The ... Read more
The IPD has added its significant voice to recent reports indicating a slowdown in the UK commercial property market. The company’s UK Monthly Index has recorded a total return of 0.5% for November, entirely due to income return. The slight ... Read more
CBRE’s latest Monthly index shows that UK commercial property values were flat during November, after seven months in a row of incremental capital value increases. Overall total returns were 0.4% for November, down from 0.6% in October. Year-to-date ... Read more
Savills says the rise in “economic turbulence” has led many investors in UK commercial property to delay their decisions. It notes that the average prime yield remained at 5.57% in November, which is a difference of less than 25bp compared with a ... Read more
