London and Leeds lead UK property market.
Study shows that Leeds and London are leading the way for the UK commercial property market.
New reports show that London and Leeds are leading the commercial property market in the UK. The study was carried out by Jones Lang Lang LaSalle to find the highest rent prices in the country and which would have stabilised the UK market through competitive prices and availability. Additionally, the firm carried out another study was conducted looking a 105 towns and cities across Britain.
From March 2010 to March 2011 well over a quarter of the markets studied showed an increase of average rental prices. The average figure found by Jones Lang LaSalle stands at an expected further growth of around 0.7 percent over the rest of this coming year. (more…)
Top ten worst office jargon phrases.
UK office workers have chosen their top ten most hated managerial office terms.
Opinium Research has conducted a new service to discover what annoys office colleagues the most in workplaces around the UK. Rating highly on this list was the use of office or managerial jargon phrases. Subsequently the company also took a poll of the top ten worst offenders.
Right at the the top of the list is ‘thinking outside the box’ which a huge 21% of office workers voted as the worst phrase. Other offenders included ‘let’s touch base’ and the ever irritating let’s not throw pies in the dark. The survey was carried out by interviewing 1,836 adult workers from UK offices between the dates of 15th and 18th January. (more…)
NB Real Estate, a London-based commercial property agent, has published research revealing that approximately a third of the capital’s office lettings in the final quarter of 2009 were taken up by insurance companies.
The research revealed that in the City of London a minimum of 30% of new office space uptake, 250,000 of the 860,000 square feet let in the fourth quarter of 2009, was taken by the sector. The insurance industry is taking advantage of low rents following two years of recession which has seen many companies downsizing their office space, new office builds put on hold and a reduction of letting prices. (more…)
A new report out by the Royal Institute of Chartered Surveyors reveals a large majority of UK surveyors are seeing a rise in the number of enquiries they receive and an increase in lettings activity for the first time in 2 years.
It suggests the London commercial property market is leading the recovery and is recovering at a faster rate than the rest of the UK. Central and Greater London office markets saw tenant demand activity rise for the second consecutive quarter and at more than twice the rate of the previous survey period. 42% more surveyors, the highest number since 2007, saw a rise than a fall in letting activity – up from 18% in the last quarter. (more…)
New research out this week shows the recession has hit many areas in Britain hard, with costal towns in particular suffering very badly.
Hull has been worst hit with 26.6 bankruptcies per 10,000 adults, with Poole and Plymouth not far behind. Experts are saying the drop in tourism and poor weather this summer are two of the main factors which have contributed to this. The decline in shipbuilding and fishing has also taken a negative toll on many towns who rely on these as their main incomes. (more…)
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