Bristol Office Vacancy Rates Set to Climb to Double Digits in Next 12 Months
Weak Leasing and A Boom in Construction Activity Are Contributing to Rising Vacancy
Bristol’s office vacancy rate is set to climb into double digits for the first time in a decade next year, amid subdued demand and a boom in office deliveries. This has already led...
Guildford Office Investment Volumes Skyrocketed to a 10-year High
Value-Add Opportunities Are Attracting a Flurry of Investors
Guildford town centre investment activity rose sharply to a 10-year high in 2023, driven by value-added and asset management opportunities. Volumes rose above £50 million for the f...
Birmingham Industrial Investment Boosted in the Second Quarter
Sales Volumes Nearly Doubled From First Quarter Levels
Birmingham industrial investment rebounded to £167 million in the second quarter of 2023 almost double the level recorded last quarter, while industrial volumes across the UK were ...
Smaller Office Lettings Are Driving Take-up in Birmingham in the First Half of the Year
Sub-25,000-Square-Foot Deals Account for 80% of Leasing Volumes
Small- to medium-sized lettings have led leasing activity in the Birmingham office market, with more sizeable deals more elusive so far this year. The phenomenon is also happening ...
Reading Town Centre's Office Vacancy Set to Climb To a Seven-Year High Next Year
New Deliveries and Subdued Occupier Demand Adding to Vacancy Pressures
(This article was updated on 11 July to reflect that Two Station Hill will not complete next year and to correct the national average.)
Industrial Deliveries in the South Coast Should Climb To Their Highest Levels This Year
Significant Additions of Speculative Space and Weak Take-Up are Driving Short-term Increases in Vacancy
This year will see the highest level of new deliveries in the South Coast industrial market in seven years, causing vacancy to rise; however, rates should remain at historically lo...
Birmingham City Centre Office Vacancy at Its Highest in 6 Years
Green Office Deliveries and Tenant Relocations Are Driving the Increase
Office vacancy rates in Birmingham city centre have risen over the past two years to 17.2%, following a spate of negative absorption as major tenants relocate to better-quality, gr...
Spotlight on Coventry Industrial: Third-Party Logistics Expansion and Green Leasing Attract Record Investment
High-Quality Green Deliveries May Increase Supply but Strong Demand Should Keep Vacancies Under Control
Third-party logistics operators are driving leasing activity for high-quality, greener units in Coventry with 1.3 million square feet being prelet in the second quarter alone.
Thames Valley Office Vacancy at Decade-High As Tech Sector Consolidates
2024 Could Also Be Thames Valley’s Busiest for New Supply but Office-to-Residential Conversions Are Gathering Pace
Office vacancy rates in Berkshire & North Hampshire, which forms the Thames Valley region, have risen over the past two years to 12%, following a spate of negative absorption off t...
Spotlight on Cardiff Industrial: Double-Digit Rent Growth Outperforming the National Average
Rises Driven by the Lack of New Supply and Low Vacancy but Deliveries May Cause Slowdown
Cardiff’s strategic location makes it popular for logistics and manufacturing. The market has experienced strong rental growth over the past 12 months, which is being driven by a l...
South Coast Industrial Investment Rebounds
Sales Volumes More Than Doubled After a Fourth Quarter 2022 Low
South Coast industrial investment rebounded to £67 million in the first quarter of 2023 but was 46% lower than the £124 million traded in the first three months of 2022.
Dyson Plans £100 Million Bristol Technology Centre to Drive AI Work
Firm Plans to House Hundreds of Software and AI Engineers at Site Opposite City's Castle Park
Global engineering giant Dyson is planning to invest £100 million into a new research and development hub in Bristol, strengthening the city's position as an international hub for ...
Bristol Office Deliveries Expected To Climb to a 10-Year High in 2023
More Than Half of all New Construction is Speculative, Which Could Push Vacancy Upwards
More than 700,000 square feet of new office space will deliver in Bristol this year. More than half of this is speculative, which is projected to push vacancy levels to a nine-year...
Spotlight on Severnside: Vacancies Sink to Record Low in Key South West and Wales Logistics Locations
Tight Vacancy Has Pushed Industrial Rents Up by 10% in the Past Year
Industrial vacancies in the Severnside area between Cardiff and Bristol, covering the markets of Cardiff Core, Newport, Monmouthshire, Bristol Core and South Gloucestershire, have ...
Coventry Industrial Investment Ramped Up to Record Highs in 2022
North American Investors Drove Volumes
Investment volumes in Coventry hit record levels in 2022, despite rising interest rates and the fallout from the mini Budget leading to a sharp slowdown in transactions in the seco...
Gatwick Office Investment Activity Soared to a Seven-Year High in 2022
Middle Eastern Demand Causing Volumes to Take Off in the Second Half of The Year
Gatwick office investment activity soared to a seven-year high in 2022, driven by demand from Middle Eastern investors in the second half of the year. Volumes rose above £150 milli...
Coventry Industrial Leasing Soared to Record Highs in 2022
Strong Third-Party Logistics Demand for Big-Box Units Pushed Levels Upwards
Coventry industrial leasing soared to record levels last year due to a raft of activity for units greater than 100,000 square feet.
London and Regional Tech Hubs Outperformed for Leasing in 2022
Finance and Professional Services Firms Also Drove Demand
London topped the table for take-up as a percentage of stock among major office markets in 2022, closely followed by Bristol and Edinburgh.
CoStar Predicts: Redundant Retail Space To Pivot to Other Uses To Add Value
Repurposing and Regeneration Are Key Themes in 2023
The repurposing of retail space will continue in 2023 due to the retail environment in the UK being made worse by the cost-of-living crisis and consumer squeeze, which are putting ...
Demand is Highest for BREEAM Excellent and Outstanding Offices in Birmingham’s CBD
The Most Sustainable Offices are Leasing Faster than Lower Rated BREEAM Equivalents
Office demand in Birmingham for BREEAM Excellent and Outstanding buildings has remained positive over the last two years with occupiers snapping up space much faster than in lower ...