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Return to work boosts resilient central London office markets
Devono reports a strong take-up in 2023 despite economic uncertainty.
UK Industrial & Logistics rents up 8.2% over past five years
Rental growth accelerated over the past three years but has since decelerated as the market begins to cool.
Investment fell 33% in a tough 2023 for property in Scotland
Analysis from Knight Frank has revealed that total Scottish commercial property investment volumes fell to £1.5bn in a challenging 2023, their lowest level in the past five years, as the market adjusted to rising interest rates.
Growing bed shortage drives student accommodation rent hikes
Growth in the number of purpose-built student accommodation (PBSA) beds has slowed by 66.6% since 2019 and the supply shortage is expected to worsen, with an estimated shortfall of 490,000 beds by 2026, the latest annual report from student accommodation portal StuRents shows.
Housebuilding lull weighs on construction activity
Housebuilding decreased for the 11th successive month in October and at a much steeper pace than elsewhere in the construction sector, with the headline S&P Global/CIPS UK Construction Purchasing Managers’ Index (PMI) at 38.5.
Q3 commercial investment falls 57% but UK industrial sector shows ‘glimmers of light’
European commercial real estate registered the seventh consecutive quarterly fall in investment in Q3, but the UK industrial sector provided a small bright spot, according to the latest research from MSCI Real Assets.
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