Big names take the lead

Article Abstract:

The demand for new office buildings in Leeds, England, is not being satisfied. Local agents point out smaller firms find it even more difficult to find suitable space. A number of large companies have been looking for more space, such as the legal firm Eversheds and BT. Although it is likely BT will take 110,000 sq ft of space due to be developed on Sovereign Street. Local agents suggest out of 180,000 sq ft of new office space some 50,000 sq ft has already been prelet. Some of the older space is being sold for conversion for hotel or residential use.

Analysis, Supply and demand, Real estate development, Leeds, England

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Doomsday postponed

Article Abstract:

The UK office market has not been as affected by new working practices as was predicted is the main conclusion of research made in 1996. The research project was the result of interviews and surveys of 2,500 office tenants over a one year period. Office tenants are not only considering the cost of renting a property but are also looking at the overall running costs. Some observers feel that it will take more than 10 years before changes to working practices and the introduction of new technology will have an affect on the UK property industry.

Research, Industry Overview, Buildings and facilities, Executives

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Changing rooms for changing cars

Article Abstract:

It is widely accepted that the UK government will seek to discourage the use of cars for travelling to and from business parks. However, many observers emphasize that business parks play a significant role in the UK economy, and that restrictions cannot therefore be imposed on car use at business parks until viable alternatives are in place. It appears that business park occupiers have not yet really become aware of the implications of restricting car use.

Regulation and Administration of Transportation Programs, Transportation Programs, Environmental aspects, Transportation policy, Environmental policy, Business parks

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