London’s key office markets – the West End, City and Docklands – have returned to significant growth in the first three months of 2010, says Cushman & Wakefield. New data show that companies have been moving quickly to take advantage of ... Read more
Songbird Estates, the majority owner of the Canary Wharf development in London, on Friday announced a return to profit for 2009 as the upturn continued in the market for office space to let in the capital. The group said its rental income for the ... Read more
A report on civil service relocations, released to coincide with yesterday’s Budget, recommended that 15,000 government jobs are moved outside London during the next five years. Some rather timely research from Cushman & Wakefield says that ... Read more
Office business parks are struggling to keep up with the improvement in the commercial property market seen across the UK, says James Petherick at GVA Grimley in Cardiff. While Central London offices have seen a sharp jump in performance in recent ... Read more
As recently noted by DTZ, office property remains a tenants’ market. Occupiers face the widest choice and the most attractive rents and incentives for years, the latest report on the UK office property market from King Sturge says, but signs of ... Read more
CB Richard Ellis has published research showing that tenant demand for office space to let in Central London remained strong in February, with take-up still above 1m sq ft, for the third month in a row. “With under offers rising in February and ... Read more
The rate of expansion by commercial developers in February was the fastest seen since May 2007, according to a survey by Savills. The report says that commercial developers signalled an overall increase in development activity during February, partly ... Read more
After a slower than expected start to 2010, the CB Richard Ellis Monthly Index for commercial property showed an acceleration in capital growth for February. Capital values rose by 1.4% last month, producing total returns for All Property of ... Read more
UK regional office take-up fell 20% in 2009 compared with the previous year, according to DTZ Research. The latest market update for nine UK cities, reported by the Western Mail, shows that take-up fell on aggregate across all nine key regional ... Read more
Oliver Whitehead, chairman of property investment and development group Minerva, says that there is “real and growing evidence to show that we have now passed the cyclical low in the commercial property market.” Whitehead was speaking as Minerva ... Read more
