Over 50,000 square feet of commercial property in Cardiff was sold in the last three months.
Office space in Cardiff has received a boost during the past three months with 50,000 square feet leased, however the picture is less rosy for the future.
Cardiff city-centre office space has leased out close to 50,000 square feet following sales of Grade B offices in the third quarter of this calendar year. Although this figure might sound impressive it does represent a lower than hoped for investment into the Welsh capital.
The majority of the deals have resulted in Grade B properties being taken on by businesses, with only 3,000 square feet of Grade A property let in the centre. (more…)
Office space could be created in Derby by replacing two famous city landmarks.
Derby is expected to create more office space around the Pride Park business site if plans are accepted to turn two gas drums into new offices.
New office space in Derby is due to be constructed from an unlikely site; two gas storage tanks close to the home of Derby County FC.
The Litchurch Gas Works are set to be demolished and replaced with new office properties should plans be approved by Derby Council. (more…)
London office property is in fine health while nationally commercial property is struggling
A new office report has outlined that London’s commercial property market is healthy but elsewhere growth is slow.
London’s commercial properties are currently very healthy but an uncertain 18 months lie ahead according to a new report.
Added to this is the concern that there are ever increasing gaps across the nation in relation to the property market. (more…)