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North East

Market snapshot

Take-up of Newcastle office space reached 307,442 sq ft in Q1 2013 - a 48% increase on the same period of 2012 (207,075 sq ft). A sharp rise in occupier requirements is a positive indicator for improved annual transaction levels above 2012 figures. Read more
Findings from our latest Office Market Pulse show a fall in take-up in Q4 2012 as occupational costs and a lack of Grade A space continue to have a downward impact on activity. However, with several major requirements in circulation, we expect to see a brighter 2013. Read more

North East take-up, news and research

News and research

Changes of use: relaxing planning rules
On 09 May 2013 the government published the proposed changes to the General Permitted Development Order 1995 which will significantly change the rules on changes of use. Read more See all news
LSH welcomes government boost for office conversions
The changes to the Use Classes Order announced in today’s ministerial statement from Eric Pickles and the Department for Communities and Local Government have been welcomed. Read more See all news
Building Information Modelling: A threat or boon to commercial property investors?

Darron Barker, Head of our Newcastle office, discusses the growing interest and potential impact of Building Information Modelling (BIM) - the software launched by the Government in 2011 designed to reduce the capital cost and carbon burden from the construction and built environment.
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North East investment volume remains static during 2012

Findings from our latest UK Investment Transactions (UKIT) report show that the total value of commercial property investment transactions across the North East remained static in 2012, from £234m in 2011 to £233m.
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2012 occupier take-up down on 2011 in Newcastle

Findings from our latest Newcastle Office Market Pulse show that that after a strong start to the year, city centre take-up slowed considerably in Q4 2012 reaching only 13,332 sq ft compared to 23,363 sq ft in Q4 2011.
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North East town centres get a new lease of life

Darron Barker, Director and Head of LSH in Newcastle, examines the positive impact of the regeneration schemes underway in today’s North East marketplace...
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North East commercial properties

North East properties

Newcastle Upon Tyne Leasehold Size: 11,178 sq ft (1,038 sq m)

Newcastle Upon Tyne Freehold Size: 5,817 sq ft (540 sq m)

Stockton-On-Tees Leasehold Size: details coming soon

Newcastle Upon Tyne Leasehold Size: 10,101 sq ft (938 sq m)
NEWCASTLE UPON TYNE Leasehold Size: From 1,592 sq ft (148 sq m) to 9,361 sq ft (870 sq m)

SUNDERLAND Leasehold Size: 317 sq ft (29 sq m)

CARLISLE Freehold Size: 2,086 sq ft (194 sq m)

NEWCASTLE UPON TYNE Leasehold Size: 12,819 sq ft (1,191 sq m)