In an increasingly data-driven world, research and insight help us to inform the advice that we offer our clients. This combined with our leasing and investment knowledge gives us the competitive advantage – and helps you stay one step ahead. In addition, we publish opinion pieces, research findings and market reports – keep checking back for regular updates.
The South East Office leasing markets has struggled over the last 12 to 18 months. Firstly, it was the hesitation around Brexit and then from March last year it was the uncertainty created by the pandemic. The result when looking at the data has been a year of limited take-up, with just 2.7m sq ft of take-up, the worst year we have on record since 2009.
At first the concept of working from home was more of an excitement for most. There was no need to commute which meant more hours in the day and more money in the bank account. Increased flexibility made it easier to go for those long summer night walks / runs, and perhaps more time to spend with the family. As we are at the start of the dark winter nights and cold weather, lockdown 2.0 has really raised questions on what factors are important in our everyday lives.
The South East office market has suffered significant challenges as a result of the COVID-19 pandemic, with the future of offices the talk of much debate. Whilst looking at take-up numbers and investment volumes is rather futile in this climate, they don’t make pretty reading. However, there’s plenty of room for optimism, as we’ll discuss...
The world has changed in the last 9 months but without dwelling on all the external factors surrounding Covid-19 , the global pandemic and resultant economic turmoil that has followed, there is one sector of the property industry that has come through unscathed.
In an increasingly data-driven world, research and insight help us to inform the advice that we offer our clients. This combined with our leasing and investment knowledge gives us the competitive advantage – and helps you stay one step ahead. In addition, we publish opinion pieces, research findings and market reports – keep checking back for regular updates.
The COVID-19 pandemic has had a catastrophic and debilitating effect on all economies and markets across the globe. From China in the East across to the USA, seemingly no nation will be left untouched by the virus, but aside from the obvious health warnings, how else will COVID-19 affect the markets and particularly property, moving forward?
The last five months have been unusual by anyone’s standards. Despite the huge impact that COVID-19 has had on all of our personal and professional lives, it has never been more apparent that we are extremely fortunate to have chosen the industry, and indeed sector, within which we work. I can speak for all of my colleagues when saying how encouraged we have been with the continued demand for ‘big box’ logistics space in the UK since mid-March.
Most agree that enhanced supply chain resilience and deeper penetration of e-commerce are here to stay, which should have a positive impact on the multi-let industrial and logistics sectors, but what evidence of this have we seen so far?
As we prepare the return to our London office on Monday, it seems an age since we left not knowing what scary thing was around the corner. Thankfully, the easing of lockdown and some green shoots in the market it feels there is light directing us towards the exit.
The Industrial Agency team at DTRE has remained busy throughout lockdown. Initially the market witnessed a huge spike in requirements for short term, overflow accommodation; we saw supermarkets, online grocery platforms and government departments all searching for space across the UK. The reality is only a handful of these translated into property transactions. Instead, the supermarkets found an operational need for the surplus space they were marketing and the 3PLs, in particular Eddie Stobart, agreed service arrangements on their ‘grey’ space. We are still witnessing short term requirements, but these have significantly scaled back, both in terms of size and numbers.
We have all known for many years that retailing behaviours have been the main driver behind how logistics has become the UK's best performing and most desirable property asset class. First, we wanted ‘Next-Day’ delivery, then we wanted ‘Same- Day’ delivery, all of which needed to be free of charge including our Returns. As a result, many ‘fast fashion’ retailers had to price in an assumption that over 30% of product would be returned - that all adds cost which we all (unwittingly) pay for!
What does the future hold for office demand? Will occupiers need less space, as more staff work from home, or will they need more space post social distancing, to allow more space between staff on an ongoing basis? The only thing we do know, is that we don’t know what the lasting impact of Covid is going to look like. What’s better known, or perhaps accepted, is that in the short term, there’s going to be pressure on capital. Reduced income set against only marginally reduced costs is never going to produce a particularly comfortable outcome.
In my 20 year office agency career there has been a consistent and constant drive for office efficiency, to pack more bodies in, squeeze desk sizes, cut back on circulation and break out space and the absolute holy grail, ensure the boss has a desk exactly the same size and type as a graduate. I’ve seen plenty of occupiers with that ‘battery hen’ mentality.
For many, this extended period of home working has been a voyage of self-discovery, self motivation and for those with families, required a new level of compromise and balance. For employers it’s been a nerve wracking few weeks, as IT systems are tested to the max along with working disciplines. Hopefully for most, the transition has been as painless as DTRE’s own. For the main part, it appears staff have remained motivated, which is something which we can learn from.
In the second edition of our market report looking at the effects of COVID-19 on the industrial and logistics market, we hypothesise on how the pandemic is likely to impact the sector over the medium term.
The last month has seen unprecedented social change and with it, a plethora of different opinions over the future of the UK’s office market. With the continuing commentary surrounding the future of We Work, IWG and the whole serviced office sector, taken together with the rapidly expanding Zoom conference calling phenomenon, what is this going to mean into the second half of 2020 and beyond?
In this very uncertain and testing time, we are all learning to face up to the new reality presented to us as a result of the Coronavirus pandemic. We at DTRE wanted to pass on our sympathy to all those who are suffering duress as we look to cope with the impact on health and livelihoods, and the movement restrictions now imposed by the Prime Minister in Monday’s announcement.
2020 marks the tenth anniversary of both DTRE and the traditional pre-MIPIM Industrial and Logistics gathering at the Oxo Tower in London, No Cannes Do. With the postponement of MIPIM until June, today’s event takes on even more relevance, as over 500 invited guests discuss the whys and wherefores of the latest trends affecting the sector.
Three and a half years after the UK voted to leave the European Union, at 11pm on Friday 31st January we officially left, but what now and what will be the impact on the commercial property market in 2020?
So the date is set, Thursday 12th December, the British public will once again go to the polls to decide our fourth Prime Minister in just over three years. With the Tories having a healthy lead, is the result inevitable?
With an ever-growing population, increasing pressures on land uses and more erratic and unpredictable climate conditions, is vertical farming the solution to meeting rising food demands and is there enough urban logistics space to accommodate them?
The South East office market has seen 2.3m sq ft of take-up by end Q3, which is only down 15% on the same period last year, but it is hard to escape the reality that the Brexit induced slowdown engulfing the UK, has seen occupiers adopt a wait and see approach.
What a week we have in store, it would be no exaggeration to suggest that this week has the potential to be one of the most pivotal in recent political history and could go a long way to shaping the UK’s post-Brexit future.
The occupier market continues to perform well in the absence of any clarity on the UK’s future trading relationships with the EU and elsewhere. Take-up by the end of Sepember has reached 19.7m sq ft, just 10% down on the same period in 2018…
Boris Johnson is in New York this week for the UN General Assembly, meeting EU leaders and continuing Brexit negotiations in the hope that, unlike the Scottish rugby team, he can achieve something positive before the end of October…
It was former prime minister Harold Wilson who coined the phrase “a week is a long time in politics”, and as this is now my fourth iteration of this piece, I certainly agree.
Two weeks since my last note and not much has changed on the political landscape, or in the betting markets, although Boris may alter that this week with scheduled visits to EU leaders. Indeed the only price that has changed is in my England to win the Ashes prediction, but keep the faith, England are now 5/2 from 5/6 two weeks ago.
The logistics occupier market has so far struggled to hit the heights of 2018 and at the halfway stage, with just 11.3 million sq ft transacted, we don’t forsee last year’s total being surpassed, particularly with Brexit looming in October. However, it is by no means all doom and gloom...
10 things you need to know about Big Box logistics in 2019.
At first the concept of working from home was more of an excitement for most. There was no need to commute which meant more hours in the day and more money in the bank account. Increased flexibility made it easier to go for those long summer night walks / runs, and perhaps more time to spend with the family. As we are at the start of the dark winter nights and cold weather, lockdown 2.0 has really raised questions on what factors are important in our everyday lives.
In an increasingly data-driven world, research and insight help us to inform the advice that we offer our clients. This combined with our leasing and investment knowledge gives us the competitive advantage – and helps you stay one step ahead. In addition, we publish opinion pieces, research findings and market reports – keep checking back for regular updates.
The last five months have been unusual by anyone’s standards. Despite the huge impact that COVID-19 has had on all of our personal and professional lives, it has never been more apparent that we are extremely fortunate to have chosen the industry, and indeed sector, within which we work. I can speak for all of my colleagues when saying how encouraged we have been with the continued demand for ‘big box’ logistics space in the UK since mid-March.
As we prepare the return to our London office on Monday, it seems an age since we left not knowing what scary thing was around the corner. Thankfully, the easing of lockdown and some green shoots in the market it feels there is light directing us towards the exit.
The Industrial Agency team at DTRE has remained busy throughout lockdown. Initially the market witnessed a huge spike in requirements for short term, overflow accommodation; we saw supermarkets, online grocery platforms and government departments all searching for space across the UK. The reality is only a handful of these translated into property transactions. Instead, the supermarkets found an operational need for the surplus space they were marketing and the 3PLs, in particular Eddie Stobart, agreed service arrangements on their ‘grey’ space. We are still witnessing short term requirements, but these have significantly scaled back, both in terms of size and numbers.
We have all known for many years that retailing behaviours have been the main driver behind how logistics has become the UK's best performing and most desirable property asset class. First, we wanted ‘Next-Day’ delivery, then we wanted ‘Same- Day’ delivery, all of which needed to be free of charge including our Returns. As a result, many ‘fast fashion’ retailers had to price in an assumption that over 30% of product would be returned - that all adds cost which we all (unwittingly) pay for!
What does the future hold for office demand? Will occupiers need less space, as more staff work from home, or will they need more space post social distancing, to allow more space between staff on an ongoing basis? The only thing we do know, is that we don’t know what the lasting impact of Covid is going to look like. What’s better known, or perhaps accepted, is that in the short term, there’s going to be pressure on capital. Reduced income set against only marginally reduced costs is never going to produce a particularly comfortable outcome.
In my 20 year office agency career there has been a consistent and constant drive for office efficiency, to pack more bodies in, squeeze desk sizes, cut back on circulation and break out space and the absolute holy grail, ensure the boss has a desk exactly the same size and type as a graduate. I’ve seen plenty of occupiers with that ‘battery hen’ mentality.
For many, this extended period of home working has been a voyage of self-discovery, self motivation and for those with families, required a new level of compromise and balance. For employers it’s been a nerve wracking few weeks, as IT systems are tested to the max along with working disciplines. Hopefully for most, the transition has been as painless as DTRE’s own. For the main part, it appears staff have remained motivated, which is something which we can learn from.
The last month has seen unprecedented social change and with it, a plethora of different opinions over the future of the UK’s office market. With the continuing commentary surrounding the future of We Work, IWG and the whole serviced office sector, taken together with the rapidly expanding Zoom conference calling phenomenon, what is this going to mean into the second half of 2020 and beyond?
2020 marks the tenth anniversary of both DTRE and the traditional pre-MIPIM Industrial and Logistics gathering at the Oxo Tower in London, No Cannes Do. With the postponement of MIPIM until June, today’s event takes on even more relevance, as over 500 invited guests discuss the whys and wherefores of the latest trends affecting the sector.
With an ever-growing population, increasing pressures on land uses and more erratic and unpredictable climate conditions, is vertical farming the solution to meeting rising food demands and is there enough urban logistics space to accommodate them?
The South East Office leasing markets has struggled over the last 12 to 18 months. Firstly, it was the hesitation around Brexit and then from March last year it was the uncertainty created by the pandemic. The result when looking at the data has been a year of limited take-up, with just 2.7m sq ft of take-up, the worst year we have on record since 2009.
The South East office market has suffered significant challenges as a result of the COVID-19 pandemic, with the future of offices the talk of much debate. Whilst looking at take-up numbers and investment volumes is rather futile in this climate, they don’t make pretty reading. However, there’s plenty of room for optimism, as we’ll discuss...
The South East office market has seen 2.3m sq ft of take-up by end Q3, which is only down 15% on the same period last year, but it is hard to escape the reality that the Brexit induced slowdown engulfing the UK, has seen occupiers adopt a wait and see approach.
The world has changed in the last 9 months but without dwelling on all the external factors surrounding Covid-19 , the global pandemic and resultant economic turmoil that has followed, there is one sector of the property industry that has come through unscathed.
The COVID-19 pandemic has had a catastrophic and debilitating effect on all economies and markets across the globe. From China in the East across to the USA, seemingly no nation will be left untouched by the virus, but aside from the obvious health warnings, how else will COVID-19 affect the markets and particularly property, moving forward?
Most agree that enhanced supply chain resilience and deeper penetration of e-commerce are here to stay, which should have a positive impact on the multi-let industrial and logistics sectors, but what evidence of this have we seen so far?
In the second edition of our market report looking at the effects of COVID-19 on the industrial and logistics market, we hypothesise on how the pandemic is likely to impact the sector over the medium term.
The occupier market continues to perform well in the absence of any clarity on the UK’s future trading relationships with the EU and elsewhere. Take-up by the end of Sepember has reached 19.7m sq ft, just 10% down on the same period in 2018…
The logistics occupier market has so far struggled to hit the heights of 2018 and at the halfway stage, with just 11.3 million sq ft transacted, we don’t forsee last year’s total being surpassed, particularly with Brexit looming in October. However, it is by no means all doom and gloom...
10 things you need to know about Big Box logistics in 2019.
In this very uncertain and testing time, we are all learning to face up to the new reality presented to us as a result of the Coronavirus pandemic. We at DTRE wanted to pass on our sympathy to all those who are suffering duress as we look to cope with the impact on health and livelihoods, and the movement restrictions now imposed by the Prime Minister in Monday’s announcement.
Three and a half years after the UK voted to leave the European Union, at 11pm on Friday 31st January we officially left, but what now and what will be the impact on the commercial property market in 2020?
So the date is set, Thursday 12th December, the British public will once again go to the polls to decide our fourth Prime Minister in just over three years. With the Tories having a healthy lead, is the result inevitable?
What a week we have in store, it would be no exaggeration to suggest that this week has the potential to be one of the most pivotal in recent political history and could go a long way to shaping the UK’s post-Brexit future.
Boris Johnson is in New York this week for the UN General Assembly, meeting EU leaders and continuing Brexit negotiations in the hope that, unlike the Scottish rugby team, he can achieve something positive before the end of October…
It was former prime minister Harold Wilson who coined the phrase “a week is a long time in politics”, and as this is now my fourth iteration of this piece, I certainly agree.
Two weeks since my last note and not much has changed on the political landscape, or in the betting markets, although Boris may alter that this week with scheduled visits to EU leaders. Indeed the only price that has changed is in my England to win the Ashes prediction, but keep the faith, England are now 5/2 from 5/6 two weeks ago.