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The Latest Breaking News from CBRE

There's a housing shortage and an office glut. So why are there only 217 U.S. office-to-resi conversion projects in the pipeline?

Ongoing office-to-residential conversions are just a "drop in the bucket" of the projects to come, CBRE researchers say.

Fortune

Retailer demand for Oxford Street shops picks up pace again after turbulent period

Oxford Street was given a big boost earlier as figures showed retailers are queuing up to open new stores there, with more than 100,000 sq ft of deals in advanced negotiations.

Evening Standard

Ted Hand Elected SBE President

Hand succeeds Andrea Cummins, who served for two terms

TV Tech

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Luxury segment housing sales rise in top seven cities of India: Survey

CBRE South Asia Treal estate consulting firm announced the findings of the January-June ’23 residential sector survey data highlighting trends in the top seven cities in India.

The Hindu

‘Flexible’ space to increasingly feature in company office plans

Employers will increasingly seek a ‘flexible’ workspace option in their office portfolios within two years, a survey of property decision-makers has found.

Evening Standard

Few winners, many losers as office building debt and vacancy worsens

Only a handful of downtown buildings get most of the new leases as downsizing tenants give up space and commercial debt gets pressured.

Chicago Sun-Times

Bay Area tech layoffs hit mainly non-tech workers: CBRE report

SAN JOSE, California — The massive tech layoffs that have jolted the Bay Area job market have primarily affected non-tech employees of the companies that have orchestrated the local job cuts, a new report released Tuesday states.

Tribune News Service

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Work starts on £5.5m revamp of Birmingham office block

St Philips Point is undergoing major facelift to create new office space and has also been rebranded Arca

Birmingham Post

Prolonged property slump looms as interest rates expected to top 6% until 2025

“ Our prediction for an 11% decline in residential house prices over 2023 doesn’t now seem so far away,” one expert said

Evening Standard

Glasgow's Forsyth Building sold for £9.7 million

Previous owners the Ambassador Group recently refurbished the former department store

Insider UK

Chemicals firm Vuba expands South West operations with lettings deal

The Yorkshire-headquartered firm specialises in resin bound surfacing for driveways

Birmingham Post

The five areas where Manchester's property market is dominating

CBRE's findings were informed by Manchester's projected population growth, with the firm estimating that it could increase by almost 6% within the next ten years

Manchester Evening News

B&M, Everton and CBRE: The 48 latest North West hires and promotions

BusinessLive rounds up the latest hires and promotions across the North West

Birmingham Post

Bristol interior design firm wins multi-million pound contract to 'transform' city centre complex

Paramount has been tasked with providing a "high-spec refurbishment" for global investment bank Credit Suisse

Birmingham Post

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Evening Standard

Record number of London offices rented for £100 per sq ft

The deals are often driven by tenants looking for more sustainable offices in central LLondon locations.

The Orange County Register

Looking for a housing price crash? That’s unlikely, real estate economists say

The nation‘s housing market is going through a correction, not a crash.

Birmingham Post

Price tag of £12m handed to city centre office block eyed for major redevelopment

Hundreds of apartments could be created if a deal is agreed

Manchester Evening News

Co-op's landmark city centre HQ is put back up for sale

The building includes an auditorium, restaurant, convenience store, coffee shop, gym and fitness studio, as well as several roof terraces

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Birmingham Post

Sale of Co-op's HQ relaunched with asking price cut by £45m

The building was first put on the market in June 2022

Liverpool Echo

Huge printing site up for sale ahead of closure and loss of 250 jobs

Company blames 'significant decline' in market since 2019 for closure

Birmingham Post

Huge printing site up for sale after 250 jobs lost

Prinovis is the UK's last remaining publication gravure printer with sales last year of more than £46m

Birmingham Post

Retail, offices and life sciences to power real estate growth in Birmingham - report

Property consultancy CBRE has analysed 12 real estate sectors in 50 regional cities and towns across the UK

Bristol Post

Plan to knock down Za Za Bazaar's building look set to be refused

The replacement building would 'sit uncomfortably within its setting and dominate nearby buildings'

Birmingham Post

Stantec moves into new Leeds city centre base to bring 140 colleagues together

The move will see the Stantec team move from existing offices at The Boulevard on Leeds Dock

Evening Standard

Post-pandemic demand for UK film and TV studio space expected to climb

Demand for film and TV studio space is anticipated to climb in 2023 and next year in the UK as the industry moves quickly to satisfy consumer appetite for plenty of shows, according to a new survey.

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