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Articles - Office leasing

The London office rental market is experiencing a "rental recession" due to a 30-year high in vacancy rates, according to Jefferies.

On September 27th, Reuters reported that London's struggling office market is currently facing a "rental recession." This situation has arisen because of a 30-year high in vacant office spaces within key business districts like the West End, City, and Canary Wharf in the UK capital. This trend is putting pressure on the stock prices of various prominent property owners.

Birmingham has achieved the highest office occupancy rate outside of London and the South East.

During the second quarter of this year, Birmingham saw the highest office occupancy rate outside of London and the South-East, as reported in CBRE's latest UK Office Market Report.

Leeds Emerges as a Leading UK Hub with a Surge in Office Transactions.

At the UKREiiF event held in May, a prominent real estate gathering in the UK, the prevailing discussions among property experts within the halls of the Royal Armouries Museum in Leeds centered on subdued transaction levels, persistent inflation concerns, and the increasing interest rates.

London Office Market reassured steady demand with 500,000 sq ft of new requirements launched in Q1.

Post-Brexit, the British commercial real estate sector experienced a period of stress: many managers and insurers had been forced to temporarily close their real estate funds in order to cope with the buybacks of investors. "The three years before the Brexit had been marked by double-digit returns," said Tony Brown, head of investment at M & G Real Estate.

Marble Arch House - London, First tenant signs at Marble Arch House for British Land

First tenant signs at Marble Arch House for British Land

Walkie Talkie tuning in - City of London, Walkie Talkie 87% full following latest lettings

Walkie Talkie 87% full following latest lettings

Office developers active across CEE

Developers have been very active in the Warsaw and Prague office markets in recent years.
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