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Thought Leadership

UK’s CRE Market Parallels the US Markets

LOS ANGELES—In this EXCLUSIVE video interview, Gerald Eve, Lee & Associates’ UK partners, give us an inside look at the industrial and office markets in London and the potential impact of Brexit.

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LOS ANGELES—The office and industrial markets in the United Kingdom, and specifically London, are experiencing many of the same trends and drivers as the markets in the US. The office market is experiencing strong growth with a lack of supply that is pushing up rents and a growing demand from creative and tech industries. The industrial market is very robust, with a sub 2% vacancy rate in some areas and tech and e-commerce companies serving as a driver. Doesn’t that sound familiar?

At Lee & Associates’ annual Broker Summit in Las Vegas, we were able to sit down with Paul Pride and Mark Trowell from Gerald Eve, Lee Associates’ UK brokerage partners, for an exclusive video interview to find out more about the UK market. In the interview, Pride and Trowell delve into the drivers and trends in their office and industrial markets, reveling striking similarities between the UK and US markets, and also give us a look at where the markets are headed.

Of course, we wouldn’t let them leave without asking about Brexit and how the referendum vote to leave the European Union might impact the commercial real estate market. So far, they have yet to see a significant impact, largely because the negotiation process has not begun, and they don’t expect to see any significant impact in the short term. In the medium and longer term, however, Pride says that it will be harder to tell the potential fall out and will depend on what comes out of the negotiation process. Trowell added that there were some developers in the industrial sector that decided not to build speculatively as a result of the vote. Press play to hear more insights on the UK market from Pride and Trowell.






Kelsi Maree Borland ›

Contact Kelsi Maree Borland

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UK’s CRE Market Parallels the US Markets | GlobeSt.com
ALM Real Estate Media Group|GlobeSt.com|Real Estate Forum|RealShare Conference Series

Thought Leadership

UK’s CRE Market Parallels the US Markets

LOS ANGELES—In this EXCLUSIVE video interview, Gerald Eve, Lee & Associates’ UK partners, give us an inside look at the industrial and office markets in London and the potential impact of Brexit.

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES—The office and industrial markets in the United Kingdom, and specifically London, are experiencing many of the same trends and drivers as the markets in the US. The office market is experiencing strong growth with a lack of supply that is pushing up rents and a growing demand from creative and tech industries. The industrial market is very robust, with a sub 2% vacancy rate in some areas and tech and e-commerce companies serving as a driver. Doesn’t that sound familiar?

At Lee & Associates’ annual Broker Summit in Las Vegas, we were able to sit down with Paul Pride and Mark Trowell from Gerald Eve, Lee Associates’ UK brokerage partners, for an exclusive video interview to find out more about the UK market. In the interview, Pride and Trowell delve into the drivers and trends in their office and industrial markets, reveling striking similarities between the UK and US markets, and also give us a look at where the markets are headed.

Of course, we wouldn’t let them leave without asking about Brexit and how the referendum vote to leave the European Union might impact the commercial real estate market. So far, they have yet to see a significant impact, largely because the negotiation process has not begun, and they don’t expect to see any significant impact in the short term. In the medium and longer term, however, Pride says that it will be harder to tell the potential fall out and will depend on what comes out of the negotiation process. Trowell added that there were some developers in the industrial sector that decided not to build speculatively as a result of the vote. Press play to hear more insights on the UK market from Pride and Trowell.






Kelsi Maree Borland ›

Contact Kelsi Maree Borland

Featured Content

Exclusive

25-Year Industry Veteran Joins NGKF

NEW YORK CITY—The appointee—who joins from EY and has served at CBRE, JLL and Savills Studley—will run a new critical transactions group, GlobeSt.com has learned EXCLUSIVELY.

Home Price Gains Reach 31-Month High

NEW YORK CITY—“Tight supplies and rising prices may be deterring some people from trading up to a larger house,” says David M. Blitzer at S&P Dow Jones Indices.

Commentary

Bottom Fishers

We have commented over the past few months about the accelerating trend toward online retailing and its significant impact on the mall sector, especially…

Handling Environmental Issues When Selling

SAN DIEGO—By acting proactively, building owners are likely to resolve any concerns over potential hazardous waste and can avoid unnecessary time and expenses, Lee & Associates’ Peter Merz tells GlobeSt.com.