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The Knight Frank UK Retail Monitor for Q3 2025 provides quarterly updates on key retail data across all subsectors and current market sentiment, covering consumer confidence, retail sales, footfall, occupier markets, and investment activity. The document reports that retail sales values grew by 3.2% year-over-year in Q3 with volumes up 1.5%, consumer confidence improved marginally in October, retail vacancy rates dipped below 15% for the first time since 2020, and total retail investment volumes declined to £1.37bn in Q3 2025 compared to £1.63bn in Q2 2025.

Central London office take-up totalled 1.95 million sq ft in Q3 2025, down 21% on the 10-year average with Grade A accounting for 70% of quarterly leasing, while availability decreased to 27.79 million sq ft, remaining 46% above the 10-year average. The market faces a supply shortage in core locations as Grade A availability in core submarkets is projected to fall below 1.0 year's supply from 2026 onwards, with 7.18 million sq ft under construction expected to deliver by 2030, creating a significant imbalance between supply and demand over the medium term.

London's hotel market achieved 4.0% RevPAR growth in Q3 2025 versus the prior year, recovering from a 2.6% decline in the first half, with upper-mid and upscale hotels reaching over 90% occupancy and upper-upscale hotels recording the strongest ADR growth of 2.8%. Payroll costs continued to pressure profitability, rising 5.7% per available room in the six months since April, while serviced apartments was the only segment to record year-to-date GOPPAR growth ahead of 2024, achieved through cost reduction despite a 2% RevPAR decline.

During Q1–Q3 2025, Bristol office take-up totalled 439,420 square feet across 78 transactions, with Grade A and Prime space comprising 61% of activity and rents reaching £50 per square foot, up 2% from the prior quarter. Supply at end-Q3 stood at 1.3 million square feet with a 10.5% vacancy rate, while the Insurance & Financial Services sector led demand with 130,352 square feet leased, followed by Property Company, Development & Construction at 71,114 square feet.

Knight Frank's Q3 2025 London Office Market Report assesses conditions in the London office market, finding that despite persistent inflation at 3.8% and elevated interest rates, London business activity outpaced other UK regions for a third consecutive quarter, with take-up reaching 2.7 million square feet (down 23.3% quarterly but 19.8% ahead year-over-year). The report identifies softer leasing activity, a constrained development pipeline, falling investment volumes of £1.6 billion (offset by rising assets under offer at £3.0 billion), and overall market resilience marked by improved sentiment, though vacancy rates increased marginally to 9.0% and structural undersupply of best-in-class space is projected to persist through 2029.

This is a Q1 2026 data-focused report published by Savills presenting occupational office market figures for Birmingham, UK.

The JLL Q1 2026 report analyzes Central London's office real estate market, finding that leasing activity remained strong due to increased pre-letting and engagement from technology, media, and telecommunications occupiers. Overall supply tightened and vacancy declined, particularly in new-build stock, while investment activity moderated with lower volumes compared to previous benchmarks.

This is a market report published by Savills in Q4 2025 covering the logistics sector in London and the South East of England.

This is a market report published by Knight Frank at the end of 2025 covering the Central London retail sector. The dashboard presents data and market conditions for the fourth quarter of 2025.

Knight Frank's 2025 Scotland Report provides a cross-sector review of the Scottish commercial real estate market covering offices, manufacturing, and retail, finding that while leasing activity shows resilience particularly in major centers with concentrated demand for high-quality assets, legacy stock faces obsolescence risk and secondary properties struggle to attract investment unless significantly repriced. The report details that Edinburgh office take-up grew 62% in 2024 underpinned by a major HBOS lease of 282,000 square feet, Glasgow take-up rose 37%, and prime rents have increased notably with Edinburgh experiencing 30% growth since March 2020, though new development pipelines remain constrained with only 38,361 square feet of new space available in Edinburgh.

Knight Frank's Q4 2025 London Offices Spotlight provides a quarterly market snapshot showing that 2025 take-up reached 12.1 million square feet (8.2% above the long-term average), London vacancy fell to 8.6% and could drop to 7.6% if space under offer completes, and investment volumes achieved £3.3 billion in the best quarter since Q1 2022 with £3.1 billion further under offer. The report presents detailed metrics across London's office submarkets, including 23.0 million square feet of availability, 11.4 million square feet in active requirements, and 10.9 million square feet under speculative construction, alongside regional breakdowns for City & Southbank, Docklands & Stratford, and West End markets.

The Knight Frank Q4 2025 report analyzes investment, development, and occupational markets for South East and Greater London offices, documenting leasing volumes of 3.4 million square feet in 2025 (up 8% from 2024), with 356 deals completed at the highest annual total on record, and Grade A space accounting for 79% of take-up. Investment volumes reached £1.3 billion in 2025 (25% lower than 2024), with 112 deals completed and prime yields remaining at 7.00%, while the development pipeline remained limited at 1.9 million square feet under construction, with Cambridge and West London accounting for 61% of speculative space.

Central London office take-up totalled 2.88 million sq ft in Q4 2025, up 17% on the 10-year average with 72% classified as Grade A, while core Grade A supply is depleting at an alarming rate with the City Core and West End submarkets holding only 1.1 years and 0.7 years of Grade A supply respectively, well below the 10-year average of 1.7 years. Investment activity recovered significantly with £3.31 billion deployed in Q4 (up 95% quarter-on-quarter) and £9.76 billion of assets traded during 2025, a 61% increase on 2024, though construction costs and limited development pipeline are expected to require continued rental growth to support returns in the near term.

Frankfurt's commercial real estate investment market recorded €770 million in transaction volume during 2025, a 52.6% decline from 2024, with no deals exceeding €100 million and a weakened office segment representing only 40% of investments compared to its long-term average of two-thirds. The document notes that a substantial pipeline of large-volume properties including Opernturm, Westend Duo, Trianon, and the Wave are in advanced negotiation stages, and forecasts a significant recovery in 2026 driven by strong office leasing fundamentals with 611,000 square meters of space concluded.

Total retail investment volumes in 2025 are forecast to reach £5.83 billion, down 17% on 2024 and 8% below the 10-year average, with underperformance driven primarily by a shortage of large-scale shopping centre availability in the first half and significant retail warehousing slowdown in the second half. All retail sub-sectors showed strong occupational performance in 2025 with declining vacancy rates (down to 13.5% nationally, the lowest since COVID), rental growth projected at 3.2% (the strongest since 2006), and shopping centres and foodstores emerging as top-performing asset classes alongside retail warehousing, with the sector forecast to deliver total returns of 9.5% in 2026.

This is a fourth-quarter 2025 market report published by Savills covering the build-to-rent sector in the United Kingdom, with a focus on London. The report provides an update on multifamily rental market conditions and developments in the UK during that period.

Central London office take-up totalled 2.63 million sq ft in Q4 2025 with 188 transactions completed, down 19% year-on-year and 13% below the ten-year average, though the year saw 10 transactions over 100,000 sq ft—the highest in three years—driven by strong demand from Insurance & Financial Services (31% of space), Tech & Media resurgence, and preference for high-quality space with 77% of 2025 lettings in recently developed or refurbished buildings. Central London investment turnover reached £9.88 billion across 220 transactions in 2025, up 48% on 2024, with vacancy rates at 7.4% (down 40bps quarterly and 10bps year-on-year), City Prime rents reaching a record £105.26 per sq ft (up 6.8%), West End Prime rents at £166.61 per sq ft (up 6

This is a sector spotlight report published by Savills at the end of 2025 covering the UK hotel market, with a focus on London. The report provides an overview of the hospitality sector in the United Kingdom and European context.

Knight Frank's Q3 2025 quarterly review reports that investors committed over £3 billion to the UK Build to Rent market in the first nine months of 2025, with more than £850 million invested in Q3 alone, representing a 35% year-on-year increase across multifamily housing, single-family homes, and co-living sectors. The document notes that UK BTR completed stock surpassed 153,367 homes as of Q3 2025 (up 25% compared to Q3 2024), with an additional 54,354 homes under construction expected to bring the sector to over 200,000 operational homes within the next few years, though challenges including construction viability, planning delays, and Gateway approval processes are expected to result in falling completions in coming years.

Knight Frank's Q3 2025 UK Cities Office Market Review analyzes leasing, supply, investment, and rental trends across ten regional UK office markets including Aberdeen, Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Manchester, Newcastle, and Sheffield. Key findings include leasing activity reaching 2.5 million square feet in the first half of 2025 with year-on-year growth, seven of ten cities recording rental increases as high as 20%, limited new and Grade A space availability at a 3.0% vacancy rate, investment volumes of £373.5 million in H1, and stable prime asset pricing at 6.50%.

Office take-up in the UK regional markets and South East totalled 1.44 million square feet in Q3 2025, representing a 5% increase from Q2 but remaining 14% below the five-year quarterly average, with Grade A space accounting for 72% of activity. Refurbishments comprised 66% of all space delivered in 2025 as new development slowly returned, with 3.4 million square feet under construction across regional markets and headline rents rising in four of the Big Five cities to levels including Bristol at £50 per square foot and Birmingham at £46 per square foot.

Knight Frank's H1 2025 Office Market Mid Year Review examines leasing, supply, investment, and rental trends across ten UK regional cities including Aberdeen, Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Manchester, Newcastle, and Sheffield. The report finds that regional leasing activity reached 2.5 million square feet in the first half of 2025 (7% above H1 2024), seven of ten cities recorded year-on-year rental growth reaching as high as 20%, but investment volumes were subdued at £373.5 million and new grade A office space availability remained critically tight at 3.0% vacancy, creating intense competition for quality space.

Manchester's office market saw take-up of 581,974 sq ft across 102 transactions in H1 2025, representing 14% growth versus H1 2024 and 31% above the five-year H1 average, with the TMT sector accounting for 42% of leasing activity. Overall availability decreased to 2.9 million sq ft with an 11.1% vacancy rate, while Prime headline rent stands at £45 per sq ft with expected growth above £50 per sq ft as new speculative development including the 243,000 sq ft Republic scheme commences.

This is an overview of recent planning policy developments and... Read more The post Central London Planning Policy Update (Q4 2025 & Q1 2026) appeared first on Montagu Evans .

read in PDF format London’s residential development market remains severely... Read more The post The Residential Land Survey (2026) appeared first on Montagu Evans .

Second Maslow-YourTRIBE deal — takes Maslow's total lending to YourTRIBE to £230.6M across 3 London PBSA schemes (Wembley, Walthamstow, Greenwich). Completion targeted summer 2028.

Part of Grainger's stated plan to cut debt by £300-350M by FY29, targeting 30% LTV and 8x net debt/EBITDA.

JLL's 2026 EMEA edition: laboratory space remains a niche asset class with concentrated demand; AI creating cross-industry occupancy opportunities and reshaping facility requirements.
Quarterly Golden Triangle (Oxford, Cambridge, London) take-up, lab supply, rents and VC trends; covers LSIMF government grant programme and AstraZeneca investment.
Irish PBSA review: full-time enrolment over 215,000 with strong international inflows; Dublin facing ~34,300-bed deficit; investment rebounded to EUR 183m transacted in 2025.

Investors committed GBP 4.3bn to UK PBSA in 2025 (up 10% YoY) across 79 deals; 19,600 new beds delivered; 50,250 beds under construction; rental growth slowed to 2%.
UK student accommodation demand, supply and investment trends, covering transaction volumes, visa issuances, rental growth and occupancy ratios for investors and developers.
Knight Frank examines biotech growth and UK property demand, urging investors to focus on knowledge-dense clusters (Cambridge, Oxford, London) and flexible, future-proofed facilities.

Knight Frank's UK life sciences research, tracking biotech company growth (15,436 UK firms, +22% since 2019) and lab supply across the golden triangle.

JLL/QX research on UK PBSA: rising demand and significant structural undersupply, shifting student demographics, regulatory change and routes to more affordable accommodation.

JLL on UK life sciences real estate investment stabilizing after a 2023 dip; equity and debt investors more comfortable backing the sector amid purpose-built lab undersupply in the Golden Triangle.

Annual UK PBSA outlook covering demand, supply, rental growth and investment, with rental growth moderating to 2% in 2025/26 and continued structural undersupply of beds.
Review of office activity across 18 major European markets, with take-up down 16% year-on-year to 1.67m sqm and widening rent gaps between prime and secondary locations.
Examines how AI and machine learning firms concentrate in the Bay Area, New York and London, with AI leasing remaining strong across San Francisco and Manhattan's AI leasing already surpassing all of 2025.

The Europe chapter of LaSalle's ISA Outlook 2026, arguing European real estate is breaking out of the cycle with strong occupier demand in luxury high streets and prime city-center offices.

Avison Young experts examine global real estate investment trends and cross-border capital flows, covering the London office resurgence, US debt liquidity and the 2026 investor outlook.

AEW's European outlook across 20 countries projects prime all-sector returns of 8.4% p.a., with the UK ranked highest at 10.3% and office the best-performing sector, amid recovering transaction volumes.

Review of UK shopping centre and high street investment and occupier markets, with sound fundamentals, resilient prime schemes and rising H1 investment volumes.

Pan-European office market review showing prime yields compressing to 4.96% in Q2 2025, led by Madrid, Barcelona, Paris CBD and Amsterdam.

Monthly snapshot of UK commercial property investment activity, yields and sentiment across the office, industrial and retail sectors.

Sector-by-sector breakdown of the outlook for UK commercial real estate investment in 2025, assessing how economic recovery and interest-rate moves shape each asset class.
The quarterly briefing tracks Central London office take-up, supply and prime rents. It continues the firm's coverage of a market where Grade A demand has dominated leasing activity.

Savills reports first quarter 2026 take-up rose 11 percent in logistics and 6 percent in Central London offices year over year. Offices are the firm's most favoured 2026 investment pick on attractive relative pricing.
UK investment transaction volume reached a record quarterly total of 21.6 billion pounds in the fourth quarter of 2025, fueled by Welltower's 5.2 billion pound acquisition of the Barchester care home portfolio. It marked the largest property deal ever seen in the UK.

London office take-up reached 12.1 million square feet across 1,400 deals in 2025, the strongest performance since the pandemic, with investment turnover up 45 percent to 9.3 billion pounds.

A total of 17.5 billion pounds was traded in UK commercial property in Q4 2025, a 78 percent increase quarter-on-quarter and 13 percent rise year-on-year, roughly 32 percent above the five-year quarterly average. Industrial investment rose sharply while office and retail activity also recovered.
The quarterly update reviews Central London office take-up and supply closing 2025, building on year-to-date activity of 8.9 million sq ft through Q3, a 19.3 percent uplift on the same period in 2024. Grade A space continued to drive demand.

Montagu Evans assesses a complex UK economic picture at year-end 2025 with slowing GDP growth and easing inflation, noting resilience in Central London leasing and selective investor appetite in industrial and residential.

The quarterly snapshot of UK real estate market trends features retail warehousing as the theme in focus.

In its 23rd edition, the report found sentiment shifting from cautious optimism to pragmatism, with the share of leaders concerned about deglobalisation more than doubling to 70 percent, while London, Madrid, Paris and Berlin led the city rankings.
The briefing notes Central London office investment up 15 percent year on year and industrial volumes up 13 percent, with cross-border investment into logistics up 27 percent. It frames the UK macro backdrop shaping commercial real estate capital flows.

Savills tracks UK commercial investment activity and pricing across sectors. UK 2025 investment volume reached 54 billion pounds, 4 percent up on the prior year.
Q3 2025 take-up reached 2.7 million sq ft, down 12.9 percent on Q2, with Grade A space accounting for 72 percent of activity. West End prime rents held at 170 pounds per sq ft, up 6.3 percent year on year, while supply fell to 23.5 million sq ft.

Allsop partners reviewed Central London commercial market volumes and investor sentiment through Q3 2025, discussing transaction trends and pricing.

The Q4 2025 UK outlook reviews the closing position of the year and the trajectory into 2026, focusing on income-led returns across the living, industrial and retail sectors.