Reading office space market set for recovery
15th June 2009The market for office space in Reading is set to benefit from sliding rents and rent-free periods, experts claim.
The market for office space in Reading is set to benefit from sliding rents and rent-free periods, experts claim.
London office is no longer the most expensive in the world, according to new research.
Over 250,000 square metres of prime office space is to be created by the first two buildings to go up as part of the Wood Wharf scheme in London’s Docklands.
London office developer Great Portland Estates is aiming to raise £175 million for new acquisitions throughout the capital.
Planning permission has been granted to Quintain Estates & Development for two huge office space buildings in Birmingham’s Eastside regeneration area, City Park Gate.
With the commercial property market at a 15-year low, German investors are capitalising on the strong euro and snapping up a number of top office spaces in the Square Mile.
Exeter has been found to be “bucking a national trend” that has seen office space lettings rely heavily on business and financial services, according to King Sturge.
Redevelopment plans for Battersea Power Station, including a 980ft glass chimney that will ventilate 2.5 sq ft of office space, have been laid down by Treasury Holdings.
A-Class properties in Bristol have climbed up to £27.50 per sq ft making them more expensive than office spaces in Barcelona, Munich and Washington DC according to Knight Frank.