Firms office space intentions over the next three years A recent survey conducted by property consultant Knight Frank and Cresa, a commercial real estate firm, has highlighted that over the next three years, half of the biggest international employers (those with more than 50,000 employees) are anticipating reducing their global office space by between 10% […]
Category archives: Property Market Reviews
Commercial Property Market Review – August 2022
Caution key in Q2 RICS survey Μacroeconomic pressures are negatively influencing investor sentiment, according to the latest Royal Institution of Chartered Surveyors UK Commercial Property Survey (RICS), which signalled a more cautious tone in the commercial property market. Rising interest rates remain a burden, with a net balance of -42% of respondents acknowledging worsening credit […]
Commercial Property Market Review – July 2022
Strong first half for commercial property Investment and take-up performed strongly in H1 2022, according to Savills’ latest UK Commercial Property update, while vacancy rates remained low. Overall investment levels in H1 2022 were 20% above the long-term average, even after slowing in the second quarter.The total half-yearly investment of £25.4bn came mostly towards the […]
Commercial Property Market Review – June 2022
Quality is key for London office space After its pandemic-induced hibernation, London’s office market has kicked back into life, with demand from Central London occupiers in Q1 2022 more than 34% above the five-year quarterly average, according to Savills. As confidence returns to the office market, more Central London occupiers are increasing their total space […]