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Central London take-up for the quarter totalled 3.2 million sq ft, the highest quarterly take-up since Q4 2010, 24% up on the previous quarter and 42% up on the five-year quarterly average.
The significant level of office development in Cardiff over the past fifteen years has been focused south of the train station at Callaghan Square, Dumballs Road and Cardiff Bay Construction fell sharply after the peak in 2008 but has picked up recently with the 200,000 sq ft pre-let development to Admiral Insurance, in the city’s traditional core.
A marked upturn in sentiment continues to bolster both investor and occupier confidence as Central London remains at the forefront of the nascent UK economic recovery.
The TMT sector will acquire 1.6m sq ft of office space in the City by the end of the year according to research published today.
According to the latest Greater China Property Market Report released by Knight Frank, during the third quarter, Beijing’s average retail rent remained stable, while the vacancy rate slightlydropped. In Shanghai, the vacancy rate of prime shopping malls showed little change. Due to notable amount of new supply, the occupancy rate slightly dipped to 91.2%.
According to research from Knight Frank, there are tentative signs of improved occupational conditions which will continue to drive investor demand and attractive income returns for prime and good secondary shopping centres.
Hong Kong’s Causeway Bay is the world’s costliest retail location for a second year running, Cushman & Wakefield reports in its research, Main Streets Across the World.
Having been largely ignored for the past 20 years, the energy sector in the UK is about to enter a period of rapid transformation.
Demand for industrial and logistics space in Cambridge will be driven by mid-tech and research and development occupiers but a severe lack of supply means that market activity will be hampered.
Research conducted by Jones Lang LaSalle suggests that the UK big box market will contribute to a rosier future for the Scottish market.
Investment in industrial and logistics property was higher in the first half of 2013 than during the whole of 2012, according to research from CBRE.
There are an estimated 830 self storage facilities in the UK providing a total of approximately 30.1 million sq ft of storage space.
London house prices are set to rise by 34.8% during the next five years, compared with 17% across the country.
Prime residential rents around the world rose on average by 2.3% in the second quarter of the year, the strongest rate of growth since 2010.
Following two consecutive monthly falls in the price of property coming to market, October saw a rebound of +2.8% (+£6,923).
Hotels & Leisure
Jones Lang LaSalle: Retail and leisure parks OSCAR 2012 - Service Charge Analysis for Retail and Leisure Parks
Retail & Leisure Park OSCAR 2012 provides research on 2011 reconciled service charge costs and 2012 service charge budgets.
An executive summary of Trevor Wood Associates’ retail and leisure guide detailing 1,570 retail parks, shopping parks, retail and leisure parks, leisure parks, major leisure schemes and retail warehousing developments.
The past five years have proven to be a challenging time for the Scottish hotels sector. This was the result of a crippling recession that not only affected hotels, but all other commercial property sectors in Scotland.
Since the announcement in July 2005 of London’s successful bid to host the 2012 Olympic Games, Drivers Jonas Deloitte have tracked the development of new sports facilities available to the public across London
Data by Sector
Improving economic growth of 0.6% in Q2, which is spot on the long term trend rate and double the figure for Q1, is encouraging news.
The hint of optimism that was seen amongst small and medium to large businesses in August has permeated all groups in the survey.
Re-pricing to spur demand for well let secondary assets.
State Street Global Advisors provide commentary on the market
The first half of 2013 saw £19.33bn, an increase of 9.5% from the same period last year (£17.66bn).
There may not be much to buy in London, but there are plenty of gems for overseas investors across Britain.
One size does not fit all: diverse opportunities in London’s rental market
Cities are the heartbeat of the UK economy. Despite occupying just nine percent of .the UK’s land they’re where over half of us live and they contribute 60 percent of the UK’s economic output.
The Government Estate is a great national asset. We need to use it better. We can cut costs, and reinvest the savings in public services. We can use it to enable work practices that are more modern and flexible, while helping government to reduce its carbon footprint.
Access to a supply of development land is a vital ingredient in successful economic growth.
Co-operatives UK was commissioned by the Department for Business Innovation and Skills to explore options for the mutualisation of Post Office Ltd as suggested in the report
The Kent, and wider South East market, is very patchy and there is sometimes little reason to it.
A report looking at the impact of the recession on international farmland markets.