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...
Industrial rent growth accelerates to record pace across Scotland
The country’s major markets all recorded record rates of growth last year
Fuelled by robust tenant demand and tight vacancy, industrial rents across Scotland grew by a record 7.5% in 2024, reversing an earlier slowdown.
Large warehouse closures drive industrial sublet availability to record high
Tenant space has risen nearly three-fold since 2022
Industrial tenants are seeking to dispose of record amounts of unused space through subletting or assigning warehouses.
UK industrial net absorption slumps to 15-year low
Retailers and third-party logistics companies led the cutback in warehouse space
Occupier demand for industrial space as measured by net absorption, the change in occupied space, last year slumped to its weakest level since 2009.
Glasgow office market posts strongest fourth quarter for leasing in seven years
Availability of top-end space has meanwhile fallen to its lowest level in over a decade
Glasgow’s office market rounded off 2024 with its strongest fourth quarter in seven years. The final three months of the year were also the market’s second-best post-pandemic quart...
Warehouse construction slowdown sets stage for tighter market
UK may have less than a year’s worth of modern warehouse supply by the end of this year
Warehouse construction starts across the UK last year dropped below 30 million square feet, the lowest annual total in a decade. The figure was down a third year-over-year and near...
The big UK office round-up: How was 2024 for your market?
CoStar’s analysts assess how London and the key regional office markets have performed during another challenging year
Office vacancies across the country continued to climb in 2024 as another wave of new office completions arrived and aggregate demand losses accelerated, as measured by net absorpt...