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Global Research
Savills Research and Consultancy aims to offer objective advice to clients in order to help them make well informed real estate related decisions and realise pre-defined goals. All reports are available for immediate download.
Commerical Market in Minutes
December 03, 2010
The UK is facing some headwinds in 2011, but the prospects are good thereafter
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Downtown Los Angeles 2017 SERI Report
May 02, 2017
Demand for Class A office space in Downtown Los Angeles was tempered during 2016, dropping off from a record year in 2015. Leasing for corporate office space remained dependent on activity among banks, law firms and government agencies – these sectors continue to shed space as they relocate or renew. Most of Downtown’s corporate office buildings consequently achieved rental rate growth that barely kept pace with inflation.
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Fort Lauderdale 2017 SERI Report
May 02, 2017
Tenants continued to have very limited space options in Downtown Fort Lauderdale. Competition for space in the highest-caliber buildings on Las Olas Boulevard remained brisk. New construction activity was negligible, offering little relief to the space squeeze. In turn, landlords pushed base rents higher.
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Guangzhou Retail Briefing - Spring 2017
May 02, 2017
One prime shopping mall launched in the Pazhou area with 47,000 sq m of retail space; it will be followed by another handover in the next quarter.
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Houston 2017 SERI Report
May 02, 2017
Deal volume in the region plummeted to 8.8 msf in 2016, well below the long-term average of 12.2 msf. Weak leasing, coupled with a spike in sublet supply, forced landlords to make marketwide adjustments to rent. West Houston and the Energy Corridor posted the sharpest declines, but rents pulled back Downtown as well.
Manhattan (Downtown) 2017 SERI Report
May 02, 2017
During 2016, Class A leasing volume Downtown dropped to 3.2 msf. Tenants took their time reaching space-use decisions. Despite sporadic leasing, rent increased slightly as a significant portion of the Class A space remaining for lease in Lower Manahattan was concentrated in new properties with asking rents in excess of $60.00/sf.
Manhattan (Midtown) 2017 SERI Report
May 02, 2017
Despite subpar leasing activity in Midtown Manhattan, total rent pushed nearly back to peak levels. A high number of leases completed in trophy buildings, including a flurry of leases in Hudson Yards, boosted rent averages. Rent was showing some signs of sliding lower late in the year, though, as availability in the Plaza District and Grand Central increased significantly. Additionally, record concessions offset the increase in base rent, keeping landlord effective rent flat.
Miami 2017 SERI Report
May 02, 2017
South Florida’s recovery maintained momentum in 2016. Office-using employment rose by 3.0% in Miami-Dade County, compared to a 1.8% increase in 2015. Class A deal volume totaled 1.2 msf, the second straight year with activity in excess of 1.0 msf. Sustained activity, coupled with negligible new construction, contributed to incremental rental rate growth over the course of the year.
Nanjing Retail Briefing - Spring 2017
May 02, 2017
No supply, combined with stable demand, caused vacancy rates to decrease and rents to increase.
Northern New Jersey 2017 SERI Report
May 02, 2017
The Hudson Waterfront registered steady activity during 2016 with a sustained flow of leases. Relocations among suburban firms, plus a few deals by Manhattan firms, headlined the activity. Newark in contrast, has not maintained momentum. Owners in Jersey City and Hoboken boosted rent a bit; however, effective rent remained a bargain compared to Manhattan.
Northern Virginia 2017 SERI Report
May 02, 2017
Tenants remained cautious during 2016. With ample space options and an availability rate exceeding 25.0%, companies had little reason to rush their leasing decisions. Deal volume totaled 7.8 msf during 2016, falling well short of the long-term annual average of 10.1 msf. Effective rent still increased as most leases involved a flight to quality.
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