Strong monthly transactions but slowing activity ahead Latest data from the UK housing market presents a mixed picture, with dwindling demand and limited supply contrasting markedly with strong transaction figures. Homebuyer demand remains above average, Zoopla pointed out. Yet analysts expect demand to weaken in coming months as more households feel the cost-of-living squeeze, a […]
Category archives: Property Market Review
Commercial Property Market Review – May 2022
Return to the office According to a recent business update, London’s office-leasing market is kicking back into life after its pandemic-induced slumber, with modern and energy-efficient space most in demand. Companies are willing to pay higher rents for leases than they were a year earlier, according to Derwent London, a FTSE 250 office landlord. The […]
Commercial Property Market Review – April 2022
Industrial space in high demand in Q1 Elevated occupier demand has driven strong UK industrials and logistics take-up in Q1 2022, according to the latest research. The take-up of 10.43 million sq. ft in the first quarter is double the total in the same period last year, CBRE noted. Q1 2022 saw take-up more than […]
Commercial Property Market Review – March 2022
Prime space snapped up by legal firms More than one million sq. ft of Grade A office space was taken up by the legal sector in 2021, highlighting the importance of the ‘best’ space in the post-pandemic landscape. London’s resilient legal sector has enjoyed strong revenue and increased headcount over the last year, which has […]
Commercial Property Market Review – February 2022
Upbeat mood for regional office activity The regional office investment market remains upbeat, according to the latest quarterly update from Avison Young, after office demand across the ‘Big Nine’ returned to ‘normal’ activity in H2 2021. A strong second half brought the year’s total take-up across the Big Nine cities to 8.1 million sq. ft, […]
Commercial Property Market Review – January 2022
Upbeat tone in new year forecasts 2022 could be a year of recovery for the commercial property market, two leading forecasts have suggested, with Colliers’ ‘Forecasts for 2022’ predicting investment volumes will reach £65bn and CBRE’s ‘UK Real Estate Outlook’ also foreseeing strong growth despite lingering risks. According to CBRE, the office market is predicted […]
Commercial Property Market Review – December 2021
Strong performance from retail parks Retail parks remain the shining light of the retail industry, with their yields across Europe now at parity with shopping centre yields, according to Savills’ data. So far in 2021, more than €5.1bn has been invested in retail parks across nine European countries. Investment was up 46% year-on-year in the […]
Commercial Property Market Review – November 2021
Business rates boost for hospitality and leisure The Autumn Budget provided good news for badly hit shops, restaurants, bars and gyms, with a temporary 50% cut in business rates in England announced by the Chancellor. These sectors, which suffered particularly badly during the pandemic, will be able to claim a 50% discount on their bills […]
Commercial Property Market Review – October 2021
Strong recovery for UK flex market According to Workthere research, the flexible office sector regained momentum in H1 2021 following its pandemic-induced slump, with renewed appetite for flex space in both enquires (+30% on pre-pandemic levels) and transactions (+36%). Flexible workplaces – a catchall term encompassing anything from serviced offices to fitted plug and play […]
Commercial Property Market Review – September 2021
Robust figures for commercial property market Commercial property investment volumes reached £31.4bn at the end of July, according to the most recent UK Commercial Market in Minutes report from Savills. This was 32% above the same period in 2020 and 4% higher than the five-year average. Savills also noted a promising rise in the three-month […]