The Olympics delivered a one-off boost to the UK’s GDP in the third quarter this year, but the IPD says the recovery for the commercial property sector will be more of a marathon than a sprint. Phil Tily, IPD UK and Ireland managing director, says: ... Read more
Strong growth in the values of residential property in Central London is driving increased conversion of office space to residential use, says DTZ in new research. By the end of Q3 2012 planning permissions for office conversion to residential in ... Read more
Take-up of office space in the City of London reached 408,000 sq ft in September, Savills says in new research into this market, and this takes the Q3 2012 total to 3.2m sq ft. The total take-up figure in September was about 15% below normal for ... Read more
GVA says the vacancy rate for office space in the West End of London fell to 4.6% during the third quarter of 2012, from 5.0% in the previous quarter, with take-up bouncing back after an exceptionally quiet Q2. The total amount of West End office ... Read more
Take-up of office space in Edinburgh during the first half of 2012 was more than double the level seen in H2 2011, says Savills in its latest research on the market. Two of the high-profile requirements in the market at the end of last year have come ... Read more
In its quarterly review of major UK regional office markets, GVA says the out-of-town market is generally performing better than city-centre markets at the moment, but that this could change as larger deals complete towards the end of 2013. While ... Read more
Total property returns reached 1.3% in Q3 2012, according to the Jones Lang LaSalle property index, compared with 0.4% for Q2. Although this was the biggest quarterly increase since Q4 2011, annual returns for 2012 so far are still significantly ... Read more
Knight Frank says the market for office space in the Thames Valley has continued to outperform the wider South East office market, with take-up of M4 corridor office space at 649,788 sq ft during the third quarter, up 44% from the previous quarter ... Read more
For the third month in a row, UK commercial property total returns were 0.2% in September, according to the latest Monthly Index from CBRE. The firm says the overall total returns figure was again boosted by Central London office property, which ... Read more
Google is about to do one of the largest occupational deals ever seen in London by buying a £550m new office property in London, according to reports today. The Telegraph says the internet giant is to acquire a 999-year lease on Block A at the Kings ... Read more
