Great Portland Estates has agreed a pre-let on the whole of 33 Margaret Street in London’s West End to Savills. This follows a pre-let agreement in December 2011 for most of the office space in the building. Savills has now pre-let all the ... Read more
Activity in the market for office space for sale and to let in Central London has been held back so far this year by the ‘wait-and-see’ attitude among occupiers, says Jones Lang LaSalle. But the firm expects deal momentum to pick up in the second ... Read more
While the headline writers were busy with the Chancellor’s introduction of 7% stamp duty on houses over £2m, the commercial property industry was also getting to grips with other parts of his Budget speech yesterday. The British Property ... Read more
Despite a recent improvement in corporate sentiment, according to European Commission data, corporate occupiers of office space in the UK remain cautious and activity levels are still subdued, says Jones Lang LaSalle. But occupiers should be ready to ... Read more
Ahead of the Budget statement tomorrow, the British Property Federation together with the Local Government Association has called on the Chancellor to make it easier to get development schemes off the ground and to tackle what they describe as the ... Read more
Commercial property values fell 0.3% in February, says the IPD, which notes weakening occupier demand and sluggish growth in regional areas. Total returns were 0.3% for the month. This is the four consecutive month of declines in values in the IPD’s ... Read more
Take-up of office space in the centre of Bristol and in the Clifton area last year was 22% below the five-year average, at 425,289 sq ft, says Jones Lang LaSalle. The stock of available office space in Bristol centre remains at around 16.5m sq ft, ... Read more
The performance of commercial property markets in the UK dipped slightly in February, with total returns at the All Property level of 0.1%, says CBRE. The firm’s latest Monthly Index shows capital values fell by 0.4% overall last month. The index ... Read more
More and more property companies that subscribe to NovaLoca.com are switching to data feeds, which enable them to send all their data on their available properties for sale and to let by electronic means, making it much easier for them to keep their ... Read more
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
