Savills estimates that by the end of 2012, only 15% of the vacant office space in Edinburgh was Grade A. Overall office availability in the city has fallen by nearly 10% during the past year, the firm estimates, with virtually no new or refurbished ... Read more
Take-up of office space in Glasgow last year was only slightly below average, says Savills. While second-half take-up was “a rather underwhelming” 137,870 sq ft, taking the total for 2012 to 371,870 sq ft, this level of take-up is more or less in ... Read more
Take-up of Heathrow industrial property last year was the highest since 2000, says Savills, which signifies the importance of the Heathrow logistics market, its re-emergence from the downturn – and how occupiers still see Heathrow as a key location, ... Read more
Investor optimism is improving, says Savills: the risk aversion that had started to creep in has now disappeared and pointing to renewed confidence in the sustainability of current pricing levels. The lack of prime property available at attractive ... Read more
A lack of Grade A office space in Oxford and a sustained level of demand means that the pendulum of power looks set to swing back in favour of landlords, says Savills in its most recent Oxford Market Watch. Last year was not a record year for ... Read more
Savills’ latest report on the market for office space in the City of London notes that take-up in December reached 500,000 sq ft, taking the total for 2012 to 4.63m sq ft, back in line with the ten-year average and 18% above the previous year’s ... Read more
Total commercial development activity in the UK during December increased for the fourth consecutive month, says Savills, propelling its Total Commercial Development Activity Index to a net balance of +10.6% compared with the +9.1% reading from ... Read more
Savills expects full-year take-up of office space in Manchester to exceed last year’s total of 699,000 sq ft. It says South Manchester has experienced something of a recovery, with year-to-date figures exceeding take-up for the city centre. The ... Read more
There are already around 100,000 sq ft of deals in the pipeline for this quarter within the prime core Birmingham offices market, says Savills, and this could take year-end take-up to 50% above the total seen last year. But year-end total take-up for ... Read more
The latest Commercial Development Activity Index from Savills shows that there was another increase in total commercial activity during October, with the net balance of the index reading +11.0% last month after +9.9% in September. Private-sector ... Read more
