Spotlight on Herefordshire & Worcestershire: Lowest office vacancies in the West Midlands
Bromsgrove has been particularly active recently
Office market conditions in Herefordshire & Worcestershire have stabilised in recent quarters, in line with higher office attendance and firms having more clarity over their space ...
Offices lease quicker in Edinburgh’s Old Town
Three quarters of offices in the submarket find a tenant within one year
Office space in the Old Town submarket has a higher probability of leasing than elsewhere in central Edinburgh, over both six- and 12-month periods, according to CoStar estimates.
Retailer demand and rents on the up on Glasgow’s Argyle Street
The key ‘Golden Z’ retail thoroughfare is in the midst of a revival
Retail market dynamics on Glasgow’s Argyle Street are improving, helped by rising footfall, a stronger tenant mix and the promise of public realm enhancements from the city council...
Five Scottish multilet industrial developments worth knowing about
Stable build costs and yields have encouraged an uptick in new development
While industrial construction activity across Scotland remains muted overall, a handful of noteworthy multilet developments have broken ground in recent months, signalling renewed ...
West Lothian has only a few months’ worth of industrial space left
Vacancy in the M8 corridor submarket is sitting near all-time lows at 1.6%
West Lothian has around seven months’ worth of industrial supply, making it Scotland’s most availability-constrained major industrial submarket.
Tight vacancy fuels record logistics rental growth in North Lanarkshire
The distribution-oriented submarket remains a standout performer
North Lanarkshire, a key logistics hub in Scotland’s central belt, has a very low vacancy rate, with implications for landlords and tenants. Here are some of the key themes from Co...
Glasgow’s Buchanan Street in rude health as footfall and shop rents jump
The city’s main retail thoroughfare has virtually no vacancy
Glasgow’s Buchanan Street, the city’s prime retail pitch, is in rude health. Vacancy has fallen to almost zero as competition for physical stores has intensified, causing Zone A re...
The UK big box markets best and least able to accommodate an increase in tenant demand
Industrial tenants seeking upwards of 100,000 square feet of modern warehouse space have few options in some parts of the country
UK big box availability has roughly doubled over the past three years to 80 million square feet across more than 400 warehouses. This has been driven by some occupiers consolidatin...
Prime office supply in the spotlight as occupiers mull expansions
The UK’s regional office markets are particularly short on top-end space
In recent months the signals have been getting stronger that many occupiers are looking to increase their office footprints, which could mark the end of the downsizing trend ushere...
Glasgow’s Maxim Park on an upswing as out-of-town tenants upgrade space
Occupancy at the 10-building park has been rising strongly
Maxim Park, a 760,000-square-foot office park at Eurocentral, roughly 13 miles east of Glasgow, is enjoying an upturn in demand as out-of-town occupiers look to move up the office ...
Scotland’s economy shrinks as business confidence fades
Despite the weak monthly reading, the country's economy grew by 0.7% in the three months to February 2025
Scotland’s economy contracted by 0.2% in February, following revised growth of 0.4% in December, according to government statistics released this week.
British Property Federation-CoStar report: London remains magnet for global capital but regions are catching up
Investors are increasingly targeting retail as well as 'beds and sheds'
Excluding multiregion portfolios, London attracts the lion’s share of cross-border funds flowing into the country, thanks to its scale and liquidity, according to a new report join...
British Property Federation-CoStar report: US capital surges into the UK amid strong dollar and bottom-of-the market pricing
The US is by some margin the single biggest investor in UK property as a jurisdiction
A recent joint report from CoStar and the British Property Federation demonstrates that the dominance of US capital in the UK’s commercial property investment landscape was one of ...
Huntingdonshire industrial vacancies rise but larger warehouses remain in short supply
Only one building in the area can accommodate a requirement bigger than 100,000 square feet
Huntingdonshire's industrial vacancy rate has increased markedly over the past several quarters amid a slowdown in demand and an increase in stock levels. It stands at 4.5%, having...
Mixed economic signals as services grows but manufacturing slumps
UK private sector output growth hit a six-month high in March
The expansion of business activity across the private sector gained momentum in March. That was thanks to a strong rebound in the services sector, which offset weakness in manufact...
Scotland’s economy expanded faster than the UK’s in January
The 0.3% outturn followed growth of 0.5% in December
Scotland’s economy grew by 0.3% in January, following revised growth of 0.5% in December, according to government statistics released this week.
Coventry’s industrial vacancy rate may have peaked
The amount of unoccupied space in the West Midlands market stands at a 12-year high
Coventry's industrial vacancy rate has jumped up to 7.2% following negative net absorption and an increase in stock levels over the past several quarters. But there are reasons to ...
Why industrial landlords shouldn't worry about retail negativity
Most retailers have a modest industrial footprint
In recent days, the UK media has reported on warnings of job cuts by the Retail Jobs Alliance and big-name retailers such as Sainsbury’s. The Centre for Retail Research has meanwhi...
Scottish warehouses retain tenants better than other UK regions
Over 90% of expiring large leases were renewed in the country in 2023 and 2024
More than 90% of Scottish industrial tenants occupying at least 50,000 square feet with a lease expiry in the past two years opted to renew their lease.
The CoStar Market Activity Tracker: which UK markets stood out in 2024?
CoStar index shows innovation, logistics and events hubs among best relative performers
Despite political and economic concerns weighing on decision-making last year, several major occupiers – seemingly confident of better times ahead – pressed the button on big letti...