A satirical architecture award has drawn attention to what its organisers describe as some of the UK’s most problematic recent property developments, with judges arguing that concerns about design quality are increasingly linked to broader issues around procurement, construction standards and development priorities. The Carbuncle Cup 2026, organised by cultural magazine The Fence [subscription], named two joint winners from a shortlist of nine projects completed within the past two years. The award, which seeks to identify the country’s worst new building, was based on public nominations and assessed by a panel including former Architectural Review editor Cath Slessor. (more…)

Prime office rents in the City of London have continued to rise, bringing them closer to levels traditionally associated with the capital’s West End as demand for high quality workspace outpaces supply. New figures from Savills show that average prime rents in the City reached £130.80 per square foot during the first quarter of 2026. By comparison, prime rents in the West End stood at £165 per square foot. The West End of London is typically one of the most expensive markets in the world.  The figures are based on the top 10 percent of Grade A office rents recorded during the period. (more…)

Resilience, not scale or speed, will define the next phase of corporate real estate strategy across EMEA, as occupiers face a convergence of pressures reshaping how and where they operate. A new report from Colliers, Building Resilience: 5 Megatrends Redefining Corporate Real Estate, identifies five long-term megatrends – AI-enabled workforces, demographic shifts, energy scarcity, climate risk and a shifting global order – that are fundamentally changing how organisations choose locations, design workplaces and manage risk. While the full impact will play out over time, many companies remain underprepared for the scale of disruption. (more…)

Prime office costs in major global cities continued to rise in the first quarter of 2026, driven by strong demand for high quality workspace and limited availability, according to Savills. The real estate adviser says net effective occupier costs, including rents and fit-out costs, increased by 0.7 percent globally during the quarter. That brings the annual increase to 5 percent and the rise over the past two years to 9.1 percent. Savills tracks 47 cities worldwide and found that occupier costs increased in 23 of them during the first three months of the year. Costs rose by 1 percent across EMEA, 0.7 percent in North America and 0.4 percent in Asia Pacific. (more…)

The government has confirmed plans for a major new digital campus in Manchester, marking a significant step in efforts to relocate civil service roles and strengthen regional technology capability. The Manchester Digital Campus received Treasury approval for its outline business case on 19 March, allowing the project to move forward as a central element of the government’s digital and data strategy. (more…)

Improving market fundamentals and a rise in available capital are helping the global real estate sector as a new cycle begins. Inflation and interest rates are becoming more stable. Property values also appear to be recovering from recent lows, and investment activity is returning in the United States, Europe and Asia Pacific. However, uncertainty linked to deglobalisation, geopolitical tensions and difficult economic conditions still poses a significant challenge for investors. This is according to the Emerging Trends in Real Estate Global Outlook 2026 report from PwC and the Urban Land Institute (ULI). (more…)

Refurbishment projects account for the largest share of the office development pipeline across the UK’s major regional cities, as new build activity remains subdued and occupiers continue to favour high quality, sustainable space. According to new figures from Avison Young, refurbishment schemes now represent the majority of space under construction in the Big Nine regional office markets. The volume of refurbishment space in the pipeline has risen by 12 percent year on year, reflecting a sustained shift towards upgrading existing stock rather than delivering entirely new buildings. (more…)