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Market reports, Research & Commercial Property News from Red Chilli
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Archive for October, 2008

Manchester Office Survey 2008

The overall vacancy rate in Manchester will begin to decline from 2009, contributing to gentle upward rental growth on the best space.

When analysing deals over 1,000 sq ft, half year take-up figures for 2008 were 432,328 sq ft, which is 29% up on the same time last year.
Around 50% of the 185,000 sq ft requirements [...]

Commercial Development Activity

Commercial property downturn deepened in September as global credit crisis continued to affect funding.

September data pointed to another difficult month for the commercial property sector, with development activity hit by reduced bank lending and the weak economic outlook.
Just 7% of survey respondents reported a rise in activity, compared to 48% that indicated a fall. At [...]

Some sectors have seen a 50 basis point rise in September

The consistent economic bad news during the past few months has dampened real estate prices across the globe.  The recent movement in yields supports the notion that the relative pause in August was not a positive turning point.
There is evidence that some investment deals are [...]