In contrast to reports coming from many areas of the UK, total office take-up in Cardiff was disappointing last year. The final figures were down by 20 per cent compared with 2012 according to DTZ Associate Director Chris Terry. Reporting for... Read More
The US office market has been on an upward curve since the economy began the slow recovery from recession. November's employment figures were much better than expected with 203,000 jobs created nationwide. In October 200,000 jobs were added, which... Read More
This year has seen London’s West End leap above Hong Kong to regain its status as the most expensive office market in the world. The cost of Grade A office space in the area has risen by almost 15 per cent during 2013, as the resurgence in the UK economy... Read More
After years of empty and mothballed floorspace, Newcastle has recorded its highest office take-up since the start of the recession. Although overall re-lets for Tyneside are down at just 178,071sq ft — lower than the average quarterly take-up rate... Read More
There has been an improvement in the regional office market, according to the latest analysis from independent property adviser GVA. Its report, The Big Nine, indicates a more stable economic outlook is raising business confidence and boosting property... Read More
Asian cities continue to dominate as the costliest places in which to set up office and Hong Kong holds onto its position is the most expensive one of all. Four other Asian cities were listed in the top five, according to the semi-annual Prime Office... Read More
While the London office market accounts for around half of national activity there are regional markets that are showing signs of recovery. Manchester is chief among these locations with take-up figures during the first quarter showing a healthy increase on... Read More
Prime rents in the top six German office markets increased by an average of 3.8 per cent in the first three months of 2013. According to the latest research released by Savills, the year-on-year rate was €26.98 sq m. The international real estate... Read More
London’s West End is the most expensive office market in the world for the first time since 2008 after regaining its number one spot from Hong Kong. The findings are included in Cushman & Wakefield’s Office Space Across the World 2013 report, which... Read More
Two suburban office buildings have recently been sold in Chantilly, Virginia, for $3.21 million. The possibility that they may be developed into office condos suggests that this asset class may be making a comeback. The properties were purchased by Stonecroft... Read More
