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Amazon has issued a strong rebuttal to those who argue that the pandemic has killed the office.
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Concerns are mounting as 230,000 renters face losing their homes when the residential eviction ban ends this weekend.
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COMMENT: In many ways, our parks and green spaces have never been more important. The entire country has undergone a reset, and the experience of lockdown has made us appreciate the value of outdoor public space like never before.
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Sales of supermarkets and offices boosted commercial property investment in July to around £2bn, according to Colliers International.
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Retail warehouse vacancy rates have risen to 7.8% at the end of Q2 2020, up from 7.6% at the turn of the year, according to the latest research published by Trevor Wood Associates.
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London residential rents have dropped by 4.2%.
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The UK housing market has had its busiest month in more than a decade as sales top £37bn.
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Average commercial lease lengths in the UK have fallen to 27.4 months in June, reflecting an 18-month low.
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Office rents in London are predicted to plummet by as much as 40% over the next year-and-a-half.
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The future of the controversial Tulip tower depends on a weeks-long public inquiry in November, as its backers hope to overturn a decision that prevented planning permission for the skyscraper.
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The chief executive of Brookfield Asset Management has cast doubts on whether workforces will turn away from city centres and offices after the coronavirus pandemic passes.
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Footfall in the London’s West End is down 63% on 2019 levels.
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The housing market is facing “boom then bust”, according to estate agents.
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EDITOR’S COMMENT: In tough times, perspective is valuable. So it was a pleasure to catch up with Simon Silver this week as he announced his retirement from Derwent – a company of which he was a director back when I was playing with action figures.
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UK investment volumes remained subdued in July with £2bn transacted during the month, according to Savills.
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University operators are hoping for a much-needed bounce in leasing deals over the next few weeks as a fresh wave of students prepare to start courses on the back of today’s A-level results.
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Footfall in London’s West End has ticked up in the last week on the back of the government announcement encouraging people back into the office.
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The average age of first-time buyers has barely moved in more than a decade.
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Homes could soon become literal powerhouses.
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Jobs have been lost in the UK during lockdown at the fastest pace since the financial crisis a decade ago.
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