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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Editor: It is not unprecedented for planning reforms to be part of the government’s economic stimulus package, but these have tended to focus on housing. Meanwhile, logistics, which last year contributed £124bn (gross value added) to the economy, and directly supported almost one million jobs, often gets sidelined.
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Banks, local authorities and the government must do more to incentivise people over 65 to move into more suitable homes, according to retirement living operator Guild Living.
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Retailers are enjoying a second month of growing sales as customers slowly return to the high streets.
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The chancellor’s cut to stamp duty has prompted bidding wars and a major increase in first time buyers.
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