London Fire Brigade has submitted its plans for the refurbishment of its site at 8 Albert Embankment. The plans include a modernised fire station and relocate its offices back to its historic home.
Scotland’s office vacancy rate has climbed to 10.8%, its highest level in more than 15 years, as firms continue to rightsize their footprints more than five years after the pandemic began.
Investor and occupier sentiment towards the commercial property sector turned negative in the third quarter as anxieties about the Autumn Budget have grown, according to the latest RICS UK Commercial Property Monitor.
The Bank of Canada lowered its target overnight rate by a quarter percentage point to 2.25% in a move commercial property professionals expect to boost activity in the market.
UK property investment remained muted at £8.8 billion in the third quarter, matching the second quarter’s two-year low, according to Lambert Smith Hampton’s latest UK Investment Transactions report, CoStar News can reveal.
Total office take-up across the Big Six regional cities of Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester reached 948,771 square feet in the third quarter, down 6% on the five-year Q3 average.
Tristan Capital Partners and Greycoat have appointed Savills and Newmark to sell Stirling Square, 5-7 Carlton Garden, St James’s in London’s West End for offers above £227.5 million. This would reflecting a net initial yield of 5% and a capital value of £2,431 per square feet.
Flexible office space has traditionally been seen as the domain of start-ups and scale-ups, becoming the go-to option for companies in early growth mode.
Arada London, formerly Regal, the mixed-use developer, has signed Canada Life for 15,265 square feet at The Clarendon Works, the new building on Watford's key office street.
US private equity firm Northwood Investors is nearing a deal to lease the first floor of its landmark office development The Acre to media agency The7stars, CoStar News understands.
Subdued investor demand and deal activity filtered through to weaker property pricing in some segments of the market in the third quarter of 2025, but London offices continued to buck the trend.
IM Properties has started work on the £140 million mixed-use Stratford 46 scheme, a 65-acre employment park in William Shakespeare's birthplace Stratford-upon-Avon.
Japanese global trading group Mitsui & Co has taken close to 50,000 square feet on a lease assignment from Numis at 40 Gresham Street in the City of London.
A deal involving the Government Property Association taking four floors at Newcastle's Bank House helped office leasing in the North East surpass 204,000 square feet in the third quarter of the year.
Bristol’s Eastern Fringe office market has posted a strong performance in the first nine months of 2025, with leasing activity accelerating and a shrinking development pipeline driving vacancies lower.