Whenever you visit the high street, no matter what town you live in, you are bound to walk past a number of boarded up shops. Since 2009 the number of vacant retail properties has slowly increased, but 2012 saw the first promising drop. Last year, retail vacancy rates fell from 14.3 per cent to 14.2 per cent, according to the Local... Read More
January marked the 15th consecutive month of falling commercial real estate values in the United Kingdom, according to figures released by Investment Property Databank Ltd. The retail sector led the way in the disappointing returns. The average value of shops, warehouses and offices decreased by 0.2 per cent, according to the... Read More
Now the Next Battle is Wage Inflation Only last year, getting a job in the UK was believed to be near impossible. With businesses entering administration on a daily basis and employers reluctant to expand staff numbers in an uncertain at best economy, those who lost their jobs had little choice but to join the queues waiting to sign up for... Read More
Newly-elected California assembly member Rob Bonata has introduced a bill that will allow Alameda school districts to set different rates for residential and commercial properties. If passed it will nullify a state Appeals Court ruling in December overturning a local property tax which levied one rate for residential and small commercial... Read More
In the past decade or so, disturbed weather patterns and rising ocean levels have led to concerns about the effect human activity is having on the planet, specifically in the field of global warming. Widespread campaigns to encourage the use of public transport rather than driving to work, the erection of wind turbines across the country and... Read More
A well-known Brisbane shopping centre located in Sunnybank Hills in the city's south side has recently changed hands for the impressive sum of $27.95 million. The sale of Pinelands Shopping Centre was handled by Peter Tyson and Jon Tyson of Savills Retail Sales after an Expression of Interest campaign. Peter Tyson stated that the... Read More
The recession has taken a huge toll on British businesses, with many small to medium sized enterprises crumbling under the financial strain of keeping a business afloat. Even today, many independent businesses are struggling to keep their heads above water – especially in the retail industry, where being an established high street name is... Read More
Since the second quarter of 2008, British businesses have been in a state of turmoil. The recession has had a huge effect upon the way industries work in the UK, especially those dealing in retail and leisure pursuits, and so bosses have had the difficult task of balancing the day to day running of companies alongside making decisions about... Read More
With recommendations from the Portas Review coming into effect across the country, there are hopes that the UK’s ailing high streets will have a chance to fight back against the out of town shopping malls and internet retailers currently managing to poach consumers away. Yet critics have claimed that local review boards have failed to... Read More
Two towns in the north of New Jersey, USA may receive financial aid after a pharmaceutical giant announced its departure from the city. Clifton, New Jersey Roche, which is one of the largest drug companies in America, currently has a 119 acre site that straddles two towns, Nutley and Clifton. As you can imagine, when this mega... Read More
The Mortgage Bankers Association (MBA) is projecting a double-digit increase in lending in US commercial real estate mortgages over 2012. This works out to $254 billion in loans. Analysts are predicting the momentum to continue throughout the rest of the year. Even though most sectors saw volume boosts, the greatest gains came in the... Read More
Britain is in something of a complicated place on the world business map at present. First of all, the economic situation is causing the value of the pound to fluctuate on almost a daily basis, making the UK a gamble for international investors. The United States has recovered admirably from the global financial crisis, and developing markets... Read More
With the threat of a further plunge into recession never far away from the minds of UK consumers and businesses alike, it is hardly surprising that everyone is still exercising a little more caution than they would have before the economy nosedived in 2008. In fact, even the most successful businesses are being forced to continuously... Read More
Since the beginning of the year there have been various local and regional reports suggesting that we are about to see an upturn in the UK commercial property market. In recent weeks agents in London, Basingstoke, Eastbourne and Leicestershire have all reported increased demand. Aberdeen is proving attractive to investors The latest... Read More
With many well-known high street chains having gone into administration during the recession and beyond, it is fair to say that consumers are beginning to worry about the effect this will have on them. Last week, it was announced that fashion retailer Republic has been the latest to call in the administrators after poor sales and rising debts... Read More
Last week a report from the Royal Institution of Chartered Surveyors (RICS) revealed that prices for farmland reached record levels during the second half of 2012. The RICS/RAC Rural Land Market Survey records the average price for farmland in England and Wales as £6,783 per acre although it is noted that this can vary greatly even... Read More
Iconic Heinz Brand Sold to Master Investor While the UK economy may still be languishing in the doldrums and the Eurozone Crisis grips our continental neighbours in an iron grasp, there are signs that the rest of the world’s economies are slowly managing to recover. The United States has recently witnessed a string of high-profile mergers... Read More
Buying a commercial insurance policy is not a decision a property owner should make lightly. It is one that requires careful thought and should not be unduly influenced by a persuasive marketer. This is the type of produce that one buys hoping that it is never used. If it is ever necessary to make a claim, the importance of having the... Read More
In the wake of the discovery that some of the UK’s most popular food retailers have inadvertently been selling horse meat to their consumers, a wave of mistrust in even the oldest brands has swept the nation. The Department for Environment, Food and Rural Affairs (DEFRA) has been quick to reassure consumers by insisting that no... Read More
Administrators Deloitte have announced DVD rental company Blockbuster is to close a further 164 stores. Around 800 staff in the affected stores will be made redundant. The closing stores will stay open for business as normal and customers will be given advance notification of closure so that they can return items in... Read More
Fashion retailer Republic has confirmed widespread fears, declaring that it has called in the administrators. The Leeds-based group, which has 121 stores and roughly 2,500 staff, said it had chosen accountants from Ernst & Young to take over the running of the business. The administrators said they had already made 150 staff... Read More
Residents in Sheffield Hallam have united with their MP, Deputy Prime Minister Nick Clegg, to demand action is taken to improve the appearance of the former Hallam Tower hotel. The Broomhill commercial property has lain empty since 2004 and, as a result, has attracted an element of anti-social behaviour which is a cause for concern for nearby... Read More
