From upbeat to slow time

Article Abstract:

1997 was a good year for residential development in the West End, London, but a lack of potential sites and increased income from offices means that there is less development in 1998. Prices for new property in Mayfair and St James's are around 384 pounds sterling per square foot and developers are turning office space into residential homes to maximize the potential of the market. FDPSavills estimated that residential conversions account for 18% of the residential market. The council wants more conversions to social housing but this is unlikely because of the large returns on office space.

Residential Buildings, Residential Building Construction, Residential construction, Prices and rates, Housing, London, England, Housing development

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Party time

Article Abstract:

The leisure industry in Newcastle-upon-Tyne, England, is very buoyant, with a new 35 million pounds sterling music centre and several art galleries planned for the Quayside area. Some 20,000 people visit the city every week and yearly expenditure by tourists is more than 140 million pounds sterling. Local agents are calling for the expansion of licensed premises to fulfill the increasing demand. The police are reluctant to allow further drinking outlets to open because crime statistics show that arrests, due to drink-related crimes, have grown by 600 cases in 1996 compared to 1995.

Drinking places, Drinking Places (Alcoholic Beverages), Recreational Buildings, Construction, Bars, saloons, etc., Bars (Drinking establishments), Leisure industry, Licensing agreements, England, Newcastle upon Tyne, England, Recreational facilities

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Seaside supply: there are specific reasons for the spectacular decline in available space, but the outcome is a stabilised office market

Article Abstract:

There has been high demand for office space in Bournemouth during the past two years, but availability is currently below 18,580 square meters. Recent demand is coming mainly from residential developers wanting to convert office buildings into seaside apartments. Many prime office blocks have becoming housing, and the local authority has no policy to resist the loss of offices. Potential office tenants however have a limited choice of buildings, although The Slough Estates' Wessex Fields out of town site is likely to continue to be a primary development zone.

Supply and demand, Office buildings, Bournemouth, England

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