It’s Friday! Time for a bit of gloom. Today brought to you by RICS, which says demand from tenants for commercial property fell in the second quarter – the first decline in a year. This has of course boosted the rumblings of concern that the recovery ... Read more
Great Portland Estates chief executive Toby Courtauld describes the current sentiment in the London commercial property market as a “less urgent mood” and says he expects this to persist for the rest of the year. In an update on trading issued to ... Read more
Jones Lang LaSalle says rents for office space in the West End of London have risen for the first time in three years, driven by several deals amid limited availability. Prime office rents in this area of London were up 13% in the second quarter to ... Read more
As predicted in the national press, Land Securities today confirmed that work is start on the Trinity Leeds development – the first major shopping centre project in the UK since the start of the economic downturn. In a statement to the London ... Read more
The overall volume of available industrial space in the UK market fell during the second quarter of 2010, as Grade A take-up remained strong and less Grade B and Grade C stock returned to the market, says DTZ in its quarterly review of the ... Read more
Stuff we like for free – the British Retail Consortium has today launched a free booklet to help retail occupiers to cut costs by engaging actively with their landlords. The Property Management Checklist outlines simple steps that the BRC says ... Read more
Mark Twain once said: “history won’t repeat itself, but it may rhyme”. Invista Real Estate Investment Management believes this saying illustrates what may happen next in the UK commercial property market. The recent strong recovery in UK ... Read more
Stock in the Midlands industrial and distribution market is drying up, according to CB Richard Ellis, after strong take-up rates in Q4 2009 and the first quarter of 2010. Mike Stephens, valuation advisory director at CBRE’s Birmingham office, told ... Read more
UK commercial development activity in June fell for following two months of growth, says Savills, with public-sector activity plummeting while private-sector development actually increased for the 11th month in a row. The group notes that just ... Read more
Cushman & Wakefield says London remains a key city in which to do business – investment activity in the capital’s commercial property market remained at a high level during the second quarter of 2010, with £2.78bn transacted in the key City, ... Read more
