On September 27th, Reuters reported that London's struggling office market is currently facing a "rental recession." This situation has arisen because of a 30-year high in vacant office spaces within key business districts like the West End, City, and Canary Wharf in the UK capital. This trend is putting pressure on the stock prices of various prominent property owners.
During the second quarter of this year, Birmingham saw the highest office occupancy rate outside of London and the South-East, as reported in CBRE's latest UK Office Market Report.
At the UKREiiF event held in May, a prominent real estate gathering in the UK, the prevailing discussions among property experts within the halls of the Royal Armouries Museum in Leeds centered on subdued transaction levels, persistent inflation concerns, and the increasing interest rates.
Central London office market report for the second quarter of 2023. In this report, we present a summary of key statistics and developments that have influenced the market during this period. For a more detailed analysis, you can access the complete report below.
Balancing the considerations between shared office and private office spaces holds significant importance when determining your future workplace.
The unprecedented circumstances of 2020, stemming from the Covid-19 pandemic, led to nearly half of the UK workforce working from home, according to ONS data.
Currently, there is a growing desire to transition back to the office, putting an end to months of isolated work experiences for many.
Preferences...
Belgrade is the only metropolis in the region between Milan, Budapest, Istanbul, and Athens. "Nikola Tesla" Airport reached over 6 million passengers last year. Office space buyers are more and more demanding!
PROPTECH19 will explore how technology is fundamentally changing how real estate is used, developed, managed and invested in – looking at the opportunities for business leaders and their organisations. Luminaries and industry experts will share global case studies, new innovations and thought leadership to help businesses prepare for the future. Join leading industry professionals to discuss the future of real-estate technology.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.