Watkin Property Ventures’ Post

Interesting article on vacancy rates for commercial offices spaces in the CBDs in 2024. I keep reading and hearing from agents that office space below A grade quality is hard to sell or lease. The question becomes what is the highest and best use - refurbish to A grade office, convert to residential usage, a mix of residential/office usage? Any thoughts? As always please be respectful, inclusive and polite to others. This is for the purpose of encouraging discussion and I am not advocating a particular position. https://lnkd.in/gWieHVGP

When looking for office space many companies will question: Why Use a Commercial Property Agent? If you've ever wondered this, here's 5 reasons why: 1. Market Expertise Commercial agents have a deep understanding of the local market trends, property values, and key opportunities. The information we provide will help to make better property decisions. 2. Time-Saving Agents handle the legwork – we often refer to this as 'A full time job alongside your full time job' from identifying suitable properties, managing negotiations working with you receive the keys. 3️. Negotiation Power Experienced agents know how to negotiate the best deal, ensuring you get favourable lease terms, service charge caps and rental values that suit your long-term goals. 4️. Access to Off-Market Opportunities Many prime commercial properties never hit the public market. Agents often have access to exclusive listings and off-market deals you wouldn’t find on your own. 5️. Professional Network They come with a network of trusted professionals – surveyors, solicitors, and contractors – streamlining the entire transaction process from start to finish. If these reasons have got you thinking its time to move to a new office space get in touch at iv@lonic.uk or 07747050622 p.s. 6. if you aren't ready to commit to a conventional lease just yet, why not consider a serviced or managed office through Lauren Murphy Sunny London Giuseppe Ciccarello. Its a free service! Also here's a photo of a rainbow because it looks nice.

This article talks about a transformation of an old office building in San Francisco This market is suffering from more than a 36% vacancy rate, which will soon approach 40%. The new owner paid less than half of what the previous owner paid for the building in 2014, and is proposing a highly enhanced amenity package to make the building really attractive to new tenants. With his low basis, he can afford to do that. I will be interested to see if he succeeds.

Manchester’s office sector momentum continues! Research from Savills shows take up is going to be 42% higher than the 10-year average by the end of 2024, and it’s easy to see why! November brought more big moves and announcements, including: - Cavendish have confirmed they will be expanding into Manchester with a new space at St. Michael’s. - Howden Insurance Brokers Limited have opened their new North West headquarters - Parker Neal Limited have moved into a new space at Barclays Eagle Labs - Landsec have announced that work on the Mayfield office buildings will start in 2025 - Island by HBD has completed and adds another highly sustainable office space in Manchester. It will welcome tenants including @Virgin Media O2 soon - A £4m refurb has been announced for Arkwright House, Parsonage Gardens What a great end to the year for the Manchester property market! Read our full November 2024 Manchester office market summary here for more details 🔗 in the comments 👇

Commercial real estate professionals: you know how important a great property is to your clients. Your office space matters too – not just for attracting new business, but for getting work done. Our latest blog post has more. Check it out at the link in our bio https://lnkd.in/gjvyASeS #commercialrealestateprofessionals #proworking

The local office market is moving in the right direction, as lower interest rates and declining work-from-home models bode well for the sector, according to Fabian Edwards with ELIFIN® Realty. #batonrouge #louisiana #realty #office

Fabian Edwards on the Baton Rouge Office Market comeback - and check out the rest of his commentary in the Business Report article in the comments.

Opportunities to lease highly sustainable Grade A office space in Newcastle city centre are becoming scarce - so make 2025 the year that your organisation invests in a better workplace. Speaking last month at the launch of the newly refurbished 9th floor of Wellbar Central, Patrick Matheson, partner at Knight Frank, said: “Since the pandemic there has been a well-documented ‘flight to quality’ which has led to a significant volume of lettings involving newly developed offices or refurbished space. 2024 has seen over 86,450 sq. ft of Grade A lettings, accounting for 74% of all lettings." Find out more: https://lnkd.in/eE3gatDp #Newcastle #workplace #offices #sustainable #2025 #NorthEast

⚡ Feds Plan to Vacate 11M Sq Ft of Office Space in Ottawa Ottawa’s office market faces major challenges as the federal government plans to cut its real estate footprint by 50%, returning up to 11 million sq. ft of office space to the market over the next decade. Downtown vacancies have reached 11.7%, raising concerns about how to repurpose these spaces. Read the full story by RENX: https://lnkd.in/gxbjKbfR Check out realestaterecap.ca for 15-second summaries of the latest real estate news in your area and across Canada. ✅

"Calgary’s Suburban office market has boasted a strong return. Occupancy levels are higher than in other Canadian cities, with positive absorption in five out of the previous nine quarters." Learn more about Colliers recent report on the suburban & office markets in Calgary: https://ow.ly/iOhH50SjF6o #Calgary #Colliers #SuburbanMarket OfficeMarket