Commercial properties are usually split into four asset types; short leased prime, long leased prime, short leased secondary and long leased secondary properties. The groups relate to location and the state that the property is in. For example a shop located on the high street would be classed as prime, whilst an office that is a little... Read More
Anyone involved in the construction industry, or with a knowledge of commercial property ownership, will have been warned of the risk of asbestos. Once a hugely common building material, the compound was banned after being found to contain significant health risks when fibres were inhaled – meaning that both residential and commercial... Read More
But will retailer return to the high street? Entrepreneur Peter Jones, famous for his role on hit television series Dragons Den, has been revealed as the successful bidder for stricken camera chain Jessops. While a “number of buyers” have managed to pick off assets belonging to the business, it is understood that Mr Jones will be the... Read More
The results of the latest Allen Matkins/UCLA Anderson California Commercial Real Estate Survey are very upbeat about the state's prospects over the next three years. Developers are confident about industrial properties and cautiously optimistic about the state's office market going forward. Demand is high in Los Angeles The forecast... Read More
London landmark is better than the Eiffel Tower says Boris What could be more romantic than a marriage proposal at a world famous landmark? The Taj Mahal, Golden Gate Park and Niagara Falls all provide spectacular backdrops for those planning to pop the question. But perhaps the most popular location is overlooking Paris from the top of... Read More
As we have previously reported the Department for Communities and Local Government (DCLG) has announced a relaxation of legislation allowing for the conversion of offices into homes without the need to seek planning permission. The government believes that converting commercial property to residential use can help to address the current... Read More
Charlottetown commercial rental rates are the highest in the Canadian Maritimes, according to one of the region's real estate firms. Turner Drake & Partners is a real estate consulting firm offering valuation, economic intelligence, property tax counseling and space measurement advice throughout Atlantic Canada. Prince Edward... Read More
The retail industry has struggled greatly for the past few years, with consumer confidence falling steadily and inflation seeming to climb unendingly as a result of four years of recession in the UK. Trouble in the Eurozone has compounded the issue, with fewer “trade tourists” choosing to cross the Channel for a shopping break in London,... Read More
Investment volumes in the European commercial property market rose to almost 44 billion euros in the last quarter of 2012, according to property consultants Cushman and Wakefield. This figure represents the highest quarterly showing since 2007. Moscow had the most active office market in Europe during 2012 The firm is now predicting... Read More
London’s stalled Pinnacle tower could be scrapped and replaced with a cheaper design, Building reports. The 63 storey spiral structure would have taken the title of the capital’s tallest building had it been completed, but the £1 billion development ground to a halt last year after failing to attract the 35 per cent pre-let required to... Read More
When a large and influential commercial property is constructed or refurbished, it can have the power to revitalise an area. The UK saw an example of this when the Olympic and Paralympic complexes transformed the East End of London from a relatively poor area to one which appeals to both businesses and families looking for a new... Read More
The outlook is improving for the commercial property market in Eastbourne, according to industry figures. Agents in the south coast town, which boasts the title of the sunniest place in Britain, say the market has “sprung to life” with a number of developments reversing a long period of decline corresponding with the global... Read More
Thanks to movies and TV shows such as The Other Boleyn Girl and Downton Abbey, Britain’s rich history is once again attracting international attention. Visits to historic sites and stately homes are steadily on the rise with listed buildings topping the chart of curios from days gone by. Cross Street with the Royal Exchange on the... Read More
Despite substantial commercial insurance claims following Hurricane Sandy demand surge has been minimal to date, according to an industry expert. Jason Taylor, assistant vice president of business development for Xactware, stated recently that price rises for labour and materials since the super storm has only been about two per... Read More
Industry experts in the Michigan city of Holland had good news for those gathered at an annual forecast luncheon. Commercial real estate is expected to continue on its "slow and steady climb into 2013.” According to Tom Postma, of Colliers International, over the past three years, 3.5 million square feet of industrial space has been... Read More
We all relish the arrival of our lunch break. Whether we use the opportunity to pop to the shops for a sandwich or taking a walk to blow away the cobwebs, it is one of the few opportunities we get in the working day to put upcoming tasks out of our minds and simply relax. However, for several months now there has been a growing concern... Read More
During the past several years, businesses and motorists have struggled under the burden of rising fuel costs. This has had an impact on independent petrol retailers, many of whom have been forced to shut up shop after losing the price battle with supermarkets. With this in mind, it may come as a surprise to both retailers and consumers... Read More
Changes to U.S. securities laws that are intended to help startup companies raise much-needed capital will give individuals the opportunity to invest in commercial real estate. The Jumpstart Our Business Startups (JOBS) Act loosen restrictions on investments in closely held companies by people earning less than $200,000 per year and whose net... Read More
Should Britain Follow Suit? Going out for a meal is something of a luxury in today’s society. When once couples managed to slip out for a romantic meal once a week on average, restricted budgets and pay freezes has seen this little luxury drop to only once a month – and even that usually means that something else must be sacrificed from... Read More
The relaxation of planning legislation announced this week by the Department for Communities and Local Government (DCLG) could pave the way for a new Bath city centre residential community. As we have previously reported, the shake-up allows the conversion of offices (B1a) to dwelling houses (C3) without the need to apply to the local... Read More
Many commercial property investors have seen the value of their portfolios fall significantly over the past five years. Since the onset of the global economic crisis in 2007 investors have witnessed average falls of 11.4 per cent, while some have lost as much as 25 per cent. Consequently the Investment Property Databank Index dropped by 42... Read More
New commercial properties which are built in Scotland could be eligible for some or all of their business rates cut from April 2013. The move comes after the Scottish Government unveiled the plans to encourage development in Scottish cities. The scheme intends to run for three years from April and any unoccupied newly-built business... Read More
