Some helpful advice for landlords of vacant commercial property this week, from DTZ. With the number of vacant properties on the rise amid the economic downturn, the firm has taken a look at how to reduce the risks associated with an empty commercial ... Read more
Prime retail occupier markets deteriorated during the final quarter of 2011, says CBRE, but there was no downturn at the headline All Property level, as industrial and office markets continued to improve. The firm’s UK Prime Rent and Yield Monitor ... Read more
The prices being asked for office space in Central London have peaked, says Lambert Smith Hampton, and we are in for a period of consolidation. The firm’s quarterly research into UK Investment Transactions shows that for the fourth quarter of 2011, ... Read more
Land Securities today reported that the proportion of units in administration in its like-for-like portfolio had reached 1.0% as of 20 January. The figure for the end of December (the end of its third quarter) had already edged up to 0.6%, from 0.4% ... Read more
Savills is encouraged by the current availability of office space in most UK cities, which it says continued to fall during 2011. The overall UK vacancy rate has declined to 9.4% from a peak of 15.3% in 2009, it notes in its Winter 2011 Office ... Read more
Take-up of office space last year in the Thames Valley region was flat year-on-year, says Lambert Smith Hampton. The firm’s data shows that take-up for 2011 was 1.7m sq ft, the same as for 2010, against a backdrop of economic downturn. In the ... Read more
Accenture has agreed a 10-year lease on Cobalt 15a, a building providing 30,515 sq ft of office space on the Cobalt business park in Newcastle. The property will initially accommodate 250 staff but the global management consultancy group is expected ... Read more
Take-up of office space in Leeds city centre reached 87,050 sq ft in the final quarter of 2011 according to the Leeds Agents Forum as reported by Jones Lang LaSalle. This figure takes the full-year total to 398,159 sq ft transacted across 106 deals. ... Read more
RICS says commercial property rental expectations have fallen to their lowest since Q3 2009 as a result of lower occupier demand and the increasing availability of commercial property to let. Significantly, London and the south of England no longer ... Read more
London & Stamford, which together with a Middle Eastern partner owns half of the Meadowhall shopping centre near Sheffield, is to put its stake in the mall on the market with a price tag of more than £1.6bn, according to the Sunday Times. The ... Read more
