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Savills

Savills reports London office market resilience in 2024 amid falling supply and record rents

February 11, 2025 by bp_heights_914pa5zf

11 February 2025

According to Savills, take-up in Greater London and the South East reached 2.7 million sq ft in 2024, 4% below 2023 levels and 8% below the five-year average, with sentiment impacted by the Autumn Budget.  Availability fell by 15% to 12.9 million sq ft due to stock conversion and limited new development, while record-high rents were achieved in 16 submarkets as occupiers prioritized high-quality, sustainable office space. [Read more…] about Savills reports London office market resilience in 2024 amid falling supply and record rents

Filed Under: News Tagged With: Commercial, Green, New Development, Office market rents, Savills

Savills February 2025 property auction

February 11, 2025 by bp_heights_914pa5zf

26 & 27 February 2025 | Online

The Savills February 2025 property auction features a range of development and investment opportunities, including the following.

A student hall in Cricklewood Lane, NW2 2DQ, comprising 181 bedrooms, with a guide price of £10 million.

A development site in Western Road, SW19 2QD, with planning consent for a nine-storey building comprising 23 private dwellings, guide price £1.8 million.

An industrial site in Haymerle Road, Peckham, SE15 6SB, covering 0.22 acres with planning permission for 37 residential units and 7,280 sq ft of commercial space, guide price £3.9 million.

A warehouse in Elmgrove Road, Harrow, HA1 2ED, measuring 23,012 sq ft (GIA) on a 0.76-acre site, offering development potential subject to planning, currently let at £168,000 per annum, guide price £2.5 million.

A former training centre in Giesbach Road, N19 3DA, with redevelopment potential, comprising a single-storey, 2,317 sq ft building, guide price £1.125 million.

Filed Under: Auction Tagged With: Auction 2025, Colliers Wood, Merton Park, New Development, Nunhead, Peckham, Savills, SE15, Southfields, SW19, Wimbledon

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