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Matt Grimes PC - ArticlesMatt Grimes is a commercial property agent in London and has considerable experience in the industry after working in the commercial property sector for over twenty years. He has written numerous articles regarding the commercial property area and is seen as an authoritative figure in the industry.
London commercial property market in recoveryConfidence is finally beginning to return to the UK commercial property market with signs indicating that the UK economy is now past the worst of the recession and moving nearer to genuine growth. Commercial property rents slashed by almost 30%UK rental values are now at a sixteen year low after commercial property rents declined once again last month. Demand for commercial property is at an all time slump reflecting the sheer extent of the different industries affected by the recession. UK commercial property predictions remain volatileExpert commercial property predictions remain extremely mixed. It appears that the long-term effects of the credit crunch have left even the commercial property specialists confused. Credit crunch commercial property successesThe UK recession isn't easing. Unemployment has officially overshot the two million mark, redundancies have reached a record high and the value of the pound is plummeting fast.
Despite these gloomy statistics some industries are literally thriving as a direct result of the adverse economic conditions. Top Ten Credit Crunch Tips for Leasing Commercial Properties in LondonTop ten tips on how to lease or rent commercial property in London or indeed anyway during the current economic state. 2009 the Year That Commercial Property Goes GreenThe recent passing of the Energy Bill and the Climate Change Bill mean that commercial property is going to have an increasingly environmental focus throughout 2009. M25 Commercial Property Lettings Market Goes Against NormDespite the continuous decline in the UK economic climate the M25 office market enjoyed an increase in commercial property lettings for the last quarter of 2008, according to Knight Frank's latest report. UK Retail Commercial Property Investment Continues to FallInvestment into UK shopping centres has decreased by almost 75% in 2008 according to Cushman and Wakefield's latest report. UK Hotel Commercial Property Market Experiences Further DeclineFalling hotel occupancy levels and room rates mean that there is less income for hotel investors, many of which have financed these commercial properties through high levels of borrowed debt. UK Hoteliers Facing Commercial Property DeclineReports show that hotel transactions in the UK during the first three quarters of 2008 have declined by 69%. The credit crunch has directly impacted the hotel transactional market and commercial property transactions within the hotelier market are notably down.
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