News & Insight: Office Space
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News by PropertySales.com
London's West End boasts 'most expensive office space in the world'
The West End of London has overtaken Hong Kong as the most expensive city on the planet when it comes to the cost of office space, property agent DTZ revealed in a report published last week.With comp...
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News by PropertySales.com
Commercial properties 'could benefit from new planning measures'
New planning measures unveiled yesterday (January 24th) by communities secretary Eric Pickles could potentially benefit Britain's commercial property market.The fresh legislation is designed to remove...
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News by PropertySales.com
Commercial property in Redditch to be converted into new homes
Redditch Council has announced that it may relax guidelines in order to convert derelict commercial property into new homes for local residents.The plans will go ahead if there are no other good sugge...
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News by PropertySales.com
Commercial property set to grow in Manchester in 2013
Manchester is set to lead the pack in the UK for office rentals, according to new figures published by Colliers International.Office rents have increased, in what some consider the ‘capital of the nor...
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News by PropertySales.com
London Mayor hopes to protect key offices from being turned into homes
Mayor of London Boris Johnson has announced that he will be aiming to protect specific business areas from being turned into new residential spaces. Current proposals by the UK government may see sect...
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News by PropertySales.com
Yahoo 'bans staff from remote working'
Yahoo has told all of its members of staff they will no longer be able to work from home and must relocate back to their nearest office by June. Chief executive Marissa Mayer has made the bold move in...
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News by PropertySales.com
UK commercial property 'set for big year'
The returns likely to be enjoyed by owners of commercial property look set to be double what was originally predicted by industry analysts. Aviva Investors has upped its forecast returns for the secto...
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News by PropertySales.com
Service sector sees drop in activity, says CBI
Despite recent figures revealing a fall in unemployment levels, the latest quarterly survey conducted by the Confederation of British Industry (CBI) found a decline in service sector activity over the...
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News by PropertySales.com
CIPD forecasts continued rise in employment
Following the news that the jobless total fell to 2.5 million in December, the latest Labour Market Outlook (LMO) report published by the Chartered Institute of Personnel and Development (CIPD). Succe...
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News by PropertySales.com
Overseas investors 'dominate' central London market
Central London continues to be a hotbed of activity for foreign investors, with overseas buyers accounting for the majority of overall transactions in the City and West End last year.That's according ...
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News by PropertySales.com
Aberdeen leads commercial property sector recovery in Scotland
Scotland's commercial property sector enjoyed a strong 2012 as Aberdeen and Edinburgh led a continued recovery in the market, research conducted by CBRE has revealed.The figures show that the take-up ...
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News by PropertySales.com
Commercial property returns increased in January, says report
The commercial property market saw promising signs in January, with the Investment Property Databank (IPD) UK Monthly Property Index revealing a 0.4 per cent increase in total returns throughout the s...
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News by PropertySales.com
Economic recovery 'unlikely to be smooth'
Bank of England (BoE) governor Mervyn King believes the UK's economy will mount a recovery in the coming years, but there will be plenty of challenges along the way. Mr King suggested there is cause f...
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News by PropertySales.com
UK commercial property performance stable, says CBRE
The UK's commercial property market appears to be in a relatively stable condition, the latest CBRE Monthly Index has indicated.Figures to the end of January were largely unchanged from December as th...
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News by PropertySales.com
Regional office property markets saw 'improved' take up in 2012
Britain's regional office property markets enjoyed a positive 2012 in spite of the overall fall in take up last year, according to the latest Knight Frank research report.While the 4,930,430 square fe...