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Building Consultancy Project Review 2011-2012

Wednesday 25th April 2012

Cyril Leonard 2010 - 2011 Newsletter

Friday 29th July 2011

Cyril Leonard completes a ‘Hat Trick’ of Central London Acquisitions, and advise on solar power, student accommodation development and go shopping in Cardiff

  • "The take-up of office space in the West End during the first quarter of 2011 was circa 1m sq.ft which is in line with the previous quarter ending 2010."

  • "Total investments for the first quarter in Central London was £2.2bn of which the West End accounted for approximately 50%."

  • "Availability across the West End slipped to just under 3.23m sq.ft, resulting in a further decline in the average vacancy rate to 5.2% from 5.4%."

  • "The M4 and wider Thames Valley is leading the recovery in the South East market. In the M4, Q1 2011 take-up marginally exceeded the ten year quarterly average while, in the M25, it was 30% below average."

  • "In the M25 vacancy rates are expected to remain relatively stable over the next 18 months, with the steady absorption of New and Grade A supply counterbalanced by a rise in Grade B space."

  • "Rents remain buoyed by strong demand and limited supply. Rental expectations positive across the country but particularly in London."

  • "Tenant demand rises for second quarter driven by improvements in office and industrial markets."