James Andrew International’s Post

The West End is my stomping ground, and occupiers are desperately trying to find Grade A office spaces in this prime location. However, supply is not meeting the demand due to low vacancy rates and the potential difficulty in redeveloping existing assets. So what is the solution for those who require a workspace within the West End that has great transport connections, meets their workplace green policies, has the facilities needed to make employees happy, and has a large enough floor plan for their team? The answer is to stay within the West End, but consider the area's expansion, which has resulted in the core of Mayfair spreading north to Oxford Street and Noho. Read more:

Excellent property investment opportunity . Might be suitable investment for Family Partnership

Pacific reach 12 floor office to condo reno

On this morning’s commute into London, I read a fascinating report on ‘The Crossrail Effect’ and the impact that it has had on the local markets in particular the commercial office market. Given the relevance and interest I have summarised some of the key points that I took away from the report below. 🚇 Since the opening of the Elizabeth Line, the five-day average of occupancy within 10minutes walking time to a Elizabeth line station has risen by 11%. 🏢 Office take up in Elizabeth line locations is strong, currently at 6.3m sqft compared to the 10year trench of 5.6m sqft. 📈 A significant lack of supply in the Elizabeth line submarkets, expected to compound the existing shortage of quality space by 2026 (c. 6.5m sqft shortfall). 📍 There has been and continues to be significant occupier moves to central Elizabeth line stations. -      Liverpool Street – seeing significant law firm relocation -      Farringdon  - seeing new occupiers such as TikTok and Snap Inc. -      Paddington – seeing outer London occupiers relocate to have a central presence -      Tottenham Court Road – has seen GSK related its global HQ, allowing greater connectivity -      Bond Street – has seen the largest asset manager Blackstone pre-let 226,000sqft 💥 Since 2012, the following have been opened within one mile of an Elizabeth line station -      171 new hotel openings -      312 pubs and bars -      197 coffee shops -      12 new museums and art galleries -      2,157 new restaurants Other interesting facts. ◽ The Elizabeth line attracts 600,000 journeys on weekdays ◽ It is now the busiest trainline in the country And if you want to read the full report 👉 https://lnkd.in/eB7EPUXD #london | #development | #crossrail #elizabethline | #builtenvironment | #placemaking | #commercialoffice | #growth | #occupiers | #relocations | Knight Frank | British Land | Derwent London | GPE | Helical plc | Landsec | Shaftesbury Capital PLC | Ridge and Partners LLP |

Our Cork Q3 2023 Marketbeats are now live! Office Take-up in the Cork market in the year to the end of the third quarter stood at just under 26,800 square metres, which was more than each of the previous four years for the same period. Activity in Q3 was slow with just over 3,100 square metres of space occupied in the quarter. Industrial The Cork Industrial market has performed well in the year to the end of the third quarter of 2023, with a total of 45,700 square metres of space taken up.Activity in Q3 was slightly down on the opening two quarters of the year, with a total of just over 12,500 square metres taken up across 8 deals. Get the full reports here: https://cushwk.co/3ZNLaAh Tom McCabe, CFA FRM David Walls Peter O'Flynn MSCSI MRICS Philip Horgan Siobhan Young

"To the east, my brother, to the east" (a little X Clan reference there for my hip-hop heads) London’s Square Mile registered its highest proportion of office take-up in the capital in three years during the start of 2024, as occupiers look to the east for their new homes. The City of London captured 55% of the total space leased during Q1, the submarket’s highest quarterly share in three years, according to a new report from occupier-focused agency Devono. “This highlights the continuation of the flight eastwards that we have noted previously among occupiers, especially considering that only 21% of the space taken in central London this quarter was in the West End, its lowest quarterly share since Q4 2016,” said the team at Devono. The shift east was further proven by a 93% quarter-on-quarter lift in Docklands. “The market continues to look to reposition itself in the wake of news that key tenants will be leaving the Wharf over the coming years, and such repositioning and cost-effective rents could well draw in more businesses,” the agency said. More here in EG. https://lnkd.in/eDH49-ft

Here's Why Office Tenants in Downtown Houston Are Migrating West Contact me to discuss the latest scoop in real estate! #RealEstateInvestor #MexicoRealEstate #BienesRaicesHouston #HoustonRealEstate #realestate #realtor #properties #realestateinvesting #housingmarket

Excellent location in west midtown Atlanta

LOCATION, LOCATION, LOCATION. PROMINENT COMMERCIAL SITE. #auctionworks #investmentproperties #rosebankoffices #commercialproperties

The lack of urban planning / master planning and a planning process & mindset that is all about profit rather than community outcomes is starting to come home to root. Rebuilding Ireland, County housing plans, National Planning framework failed and the Planning regulator having no experience in Community development & masterplanning, now sees Dublin lacking any core, with the priory of landbanking, construction & asset value Maximisation now starting to play out & come to unhealthy outcomes. Communities first based on SDG’s a year. But Plan-led ‘plans’ without outputs are failing Ireland to the benefit of the few. departments & a planning regulator that is pandering to vested interests plus tokenism consultations without inclusion of the majority of communities is seeing Ireland’s towns & cities being hollowed out despite record cash in communities. For contrast, look at what Paris has achieved in the past 3 years under superb leadership and compare that to Dublin. There’s way to regenerate and restore hope but a new vision required. New people needed too to admit things have to change. But when a Planning regulator says ‘plans are fine & great’ it’s Nero fiddling.