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 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 [...]
18 Sep
Posted by: Simon Page in: Market Reports, Property News
As the table shows, prime yields stayed at their July2008 level in August, with the expectation that for the majority of the sectors there is further softening to come.
The lack of movement in August is more a reflection of lack of activity in what was a very quiet month, than any change in investor sentiment.
IPD’s [...]
16 Sep
Posted by: Simon Page in: Market Reports, Property News
James Lapushner, Managing Director - Morgan Stanley Merchant Banking, Frankfurt say:
Attached is a research piece prepared by Morgan Stanley that reviews the economic stability of the top industrial countries - it is interesting to see how Germany continues to outperform the rest of the industrialized world economies including the USA, Canada, France and the UK. [...]
Economy: The federal capital of Berlin, with its 3.4 million inhabitants, is the economic centre of eastern Germany. Berlin’s economic structure is characterised by, amongst other things, its status as the seat of government, within whose area the representative offices of embassies, associations and companies have been established in the recent past. Moreover, Berlin has [...]
15 Sep
Posted by: Simon Page in: Market Reports, Property News
A number of office and industrial property markets reported a slowing down in leasing transactions in the first half of 2008, triggered by a combination of the credit crunch, weakening global economy and a lack of positive occupier sentiment.Very limited growth registered in global industrial occupation costs, which barely rose by 1.0%. Slightly stronger growth [...]
15 Sep
Posted by: Simon Page in: Market Reports, Property News
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 [...]
15 Sep
Posted by: Simon Page in: Market Reports, Property News
This document is a detailed report of Turkey and covers Economy, Office Market, Industrial Market, Retail Market, Hotel Market and Residential Market:
Economic Overview: From March until august 2008, turkey’s economy suffered from a period of instability due to the negative side-effects of political un-certainty. During this period, the state pros-ecutor filed a lawsuit to shut [...]
Commercial Development Activity falls at new survey record pace, led by steep decline in private sector.
In July, around 40% of commercial developers indicated a reduction in overall activity compared to one month earlier, while just 6.6% reported a rise.development.
The resultant net balance – the Total Commercial Development Activity Index – fell to -33.8%, from -32.4% [...]
EUROPE:
In line with the global slow down, the economies of Western Europe are also decelerating. For the moment, their occupier markets remain fairly robust, with healthy take-up in retail and logistics and, to a lesser extent, offices. However, forecasts for future growth are being downgraded and surveys of economic sentiment are now at their lowest [...]
No-one can deny that the UK’s housing market is currently enduring a period of value correction.Throughout this bulletin, we look at how the prime markets in London and across the UK have reacted to date and consider the timings and strength of their recovery. History shows that the prime markets behave differently to mainstream property (they are [...]
Commercial development activity falls at the sharpest rate in over five years.
Over five times as many commercial developers (40%) noted a reduction in total activity as those that reported a rise (7%) in June.
The resultant net balance – the Total Commercial Development Activity Index – posted -32.4% in June, down from -19.7% one month earlier. [...]