Modest growth in UK construction activity is driven by commercial office projects

Modest growth in UK construction activity is driven by commercial office projects

Construction activity in the UK has stabilised after a prolonged period of decline, according to the latest JLL and Glenigan UK Commercial Construction Activity Index. Key findings for the last quarter of 2017 show an overall increase in construction activity for the second consecutive quarter, driven mainly by commercial office developments. This follows overall growth […]

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Commercial office market take-up in Birmingham has exceeded one million sq ft

Commercial office market take-up in Birmingham has exceeded one million sq ft

City centre take up reached 1,005,000 sq ft in Birmingham last year, 51 percent above the 10-year average of 666,000 sq ft which marked a record year, according to Savills Research. Growth was driven in part by the Government Property Unit (GPU) deal, as public services accounted for 27 percent of take-up in the city […]

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A new approach to office design is redefining our relationship with property

A new approach to office design is redefining our relationship with property

At the end of the 18th Century it was becoming apparent that overpopulation was something the human race would need to address for perhaps the first time. Advances in technology and the urbanisation that followed the Industrial Revolution had created a new set of challenges. These were most famously laid out in a 1798 book called […]

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Occupiers incorporating third-party agile space into their real estate strategy

Occupiers incorporating third-party agile space into their real estate strategy

Corporate real estate departments need to become more effective partners in the agile transformation of their broader organizations., claims a new survey conducted by CBRE, in partnership with CoreNet Global. When describing Portfolio Agility, i.e. the ability to rapidly adapt, scale and reposition the organization’s real estate portfolio to support shifting enterprise needs, 67 percent […]

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Investment in UK commercial property sector remains strong

Investment in UK commercial property sector remains strong

Investment in UK commercial property rose 66 percent in January compared to the same month last year, according to data from Savills, to £4.2 billion. In its February Market in Minutes report the international real estate advisor says that investor appetite for UK property remains very strong. In 2017, total investment into UK real estate […]

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Brexit and rising property costs lead one in five businesses to consider move away from London

Brexit and rising property costs lead one in five businesses to consider move away from London

Uncertainty surrounding Brexit, rent rises in a city already renowned for its high property costs and business rate rises mean that one in five London-based businesses have either already relocated or are consider moving to a new location, according to a new survey from the London Chamber of Commerce and Industry. The survey of 577 […]

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SMEs spend more time searching for private offices than coworking space

SMEs spend more time searching for private offices than coworking space

Searches for private offices have become more popular than coworking space among SMEs over the past year, according to new data from commercial property marketplace Hubble. The firm reports that this marks a reversal from the previous year’s results, although searches for coworking space remain disproportionately high compared to the overall office market. According to […]

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Get ready for the next wave of technological innovation, or get left behind

Get ready for the next wave of technological innovation, or get left behind

The natural world is a story of constant change and evolution. Animals, plants, insects and micro-organisms exist in an ecosystem, adapting to relentless changes in their environment, influenced by habitat, climate and their cohabitors. They respond to change faster than the human world, because they are not tied by the same restraints and conventions. They […]

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London office market is booming and proving resilient in the face of Brexit

London office market is booming and proving resilient in the face of Brexit

A new report from Knight Frank claims that activity in the office market in London increased sharply last year, which the property adviser said was driven largely by growing demand from the UK’s burgeoning tech sector. The report said office leasing activity in central London hit 13.84 million sq ft last year, more than 2 […]

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Record office take up in Edinburgh last year, boosted by burgeoning tech sector

Record office take up in Edinburgh last year, boosted by burgeoning tech sector

Demand for office space in Scotland’s three largest cities pushed overall take-up beyond 2m sq ft last year, aided by a solid final quarter of occupational deals in Aberdeen and Glasgow, and an all-time record year for Edinburgh. Scotland’s offices market in 2017 reach ed2.4 million sq ft, 14 percent above the 10 year average, […]

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Green buildings provide billions of dollars in additional benefits, claims Harvard study

Green buildings provide billions of dollars in additional benefits, claims Harvard study

A new sponsored study from researchers at Harvard University claims that green buildings deliver billions of dollars of social and health benefits beyond those associated with reduced energy consumption. The researchers examined a subset of green-certified buildings over a 16-year period in six countries: the U.S., China, India, Brazil, Germany and Turkey. The study identified […]

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Rent falls due to Brexit and concerns about oversupply of serviced offices in London

Rent falls due to Brexit and concerns about oversupply of serviced offices in London

There have been 18 months of faltering net effective rents within the commercial office market in the Capital since the Brexit referendum, with ten of the 18 Central London office submarkets monitored in Cluttons’ latest London Office Market Outlook report registering rent falls in the final quarter of 2017, buoyed by additional incentives such as […]

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