London office vacancy rates to rise in City, Wharf and West End amid Wework trouble offices London office vacancy rates are expected to rise by the end of the year, in another blow for the health of the capital’s commercial property market.
West End landlord Shaftesbury Capital cheers low vacancy rates in boost for London Property West-End landlord Shaftesbury Capital reported positive earnings and low vacancy rates during the full year.
Office giant Derwent London upgrades 2024 outlook as rental growth exceeds expectations Property In the firm's 2023 results, it revealed it had brought in £28.4m of new rent, up from £9.8m in 2022.
Empty stores on Oxford Street rise by a fifth in six months June 10, 2021 The number of empty stores on Oxford Street has risen by nearly a fifth since the start of 2021, as pandemic-led lockdowns took a toll on the high street. Some 17 per cent of stores on London’s most famous street have closed since January, according to research by Property Week. Among the most famous and [...]
West End faces office supply crunch as back to work demand picks up August 10, 2023 Central London, particularly the West-End, is facing an office space supply crunch as demand for in person working picks up, property investment trust Derwent London has said. According to reports in its half year results, the listed business described the West-End as “very tight” with only 3.8 per cent of vacancy levels on office space. [...]
Revolut in talks to move headquarters to Canary Wharf landmark November 6, 2023 Fintech Revolut is in negotiations to relocate its headquarters to a more central area of Canary Wharf, according to reports, in what could be a boost for the struggling financial district.
Shaftesbury Capital: West End’s ‘resilience and appeal’ drives 12 per cent jump in footfall November 27, 2023 The amount of people spending on the West End i is up 12 per cent on last year, West End Landlord Shaftesbury Capital has said.
Could the eastern end of Oxford Street revitalise West End retail? November 5, 2023 A host of new stores at one end of Oxford Street are breathing life into London's oldest shopping street
West End office rents forecast to double as financiers vie for top addresses October 30, 2023 Property expert predicts £300 per sq ft within a year as demand soars
Derwent: London property investment trust credits ‘busy’ West-End and return to the office for uptake in leases May 4, 2023 Derwent, the London property investment trust, has told investors that London and the West-End is “busy” as a return to offices and shopping signal better times for the capital. In its first quarter trading update, the FTSE 250 real estate firm revealed a 6.6 per cent uptake in the number of leases secured which totalled [...]