Spotlight: European Office Outlook – Q2 2024
Q2 2024 European office take-up increases 9% YoY as office occupiers resume leasing activity
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Q2 2024 European office take-up increases 9% YoY as office occupiers resume leasing activity
Read nowMany companies try to encourage employees to return to the office by investing in the improvement of the space available to them
Read now"Scotland’s prime market has seen a record number of agreed sales so far this year, with a recovery in prices in some areas as mortgage rates settle. As more properties become available, realistic pricing will remain essential for underlying demand to continue to translate into transactional activity"
"Greater stability in the mortgage markets has encouraged more domestic buyers back to the outer prime London markets whilst prime central London remains steady having held up more strongly since 2022"
"Despite easing inflationary pressure positively impacting the direction of consumer confidence, spend growth remains varied by sector whilst anticipation of a recovery is leading to a hiatus in investment activity"
"As the mortgage markets improve confidence has returned to the prime regional markets outside of London. This has seen values bottom out over the first three months of the year as market conditions stabilise"
"Prime rents picked up over the first quarter of 2024 in line with typical seasonal trends, but affordability pressures and increased stock means growth has settled at a lower level compared to the last few years"
"Concessions and inducements hold sway"
"Some improvement in land market sentiment but highly varied"
"The effects of climate change mean landowners need to start adapting to its inevitable consequences"
"While it is unlikely that UK tree planting targets will be met, there is a renewed appetite for woodland creation"
"In this Spotlight, we report on the performance of the UK forestry investment market during the 2023 forest year (1/10/22–30/9/23). We review the targets and incentivisation for tree planting and focus on the impacts, mitigation and risk of climate change on the UK’s forests and woodlands"