Market in Minutes: West End Office Market Watch
"The gap widens between landlord and tenant space, and under offers reach a record high"
Tagged Articles
"The gap widens between landlord and tenant space, and under offers reach a record high"
"With high vaccination rates and the plummet in COVID-19 cases, the softening sentiment seen in the market over this year seems manageable. Like Tokyo, prime assets remain mostly occupied and have seen few corrections in rent, while buildings with poor access are suffering, resulting in the overall deterioration of market rents and vacancy. However, each region’s fundamentals and prospects look different."
"Year-to-date take-up surpasses 3.0m sq ft, whilst under offers continue to soar"
"The office market continues to rebound in Leeds as we move towards the end of 2021"
"Savills Research explores the key themes impacting European office occupational and investment markets"
"Quarterly take-up the highest it’s been in three years"
"Q3 take-up figures provides air of positivity with take-up highest since pre-Covid"
"Rents for well-located and newer offices are likely to remain stable while older offices with poor accessibility will struggle. This trend is expected to continue to soften the overall market as a result, although there are some signs of recovery."
"Rental declines were milder in Kowloon with vacancy gradually absorbed after the aggressive rental adjustments of late last year. "
"Acceleration in yield compression"