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A view into 2011

18 November 2010 / Angus Mcintosh
Issue: 7442 / Categories: Features , Property
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Angus McIntosh presents some property predictions

Despite ongoing predictions of gloom and the anticipated impact of the recent Comprehensive Spending Review (CSR), the financial sector in the City of London and the West End of London are bouncing back.

There has been an increase in office activity and prime rents in the City have increased from a low of £43 per ft² a year ago and are likely to exceed £55 per ft² by next year. The end result is, particularly with far less generous rent free incentives for brand new buildings, the net effective rent paid by an office occupier for a new building may rise by more than 40% this year. The cost of renting an identical building in Liverpool, Exeter, Nottingham or Newcastle may only be 25% of the high rental values in London, and may fall further. In parallel, the retail market will go through an ongoing squeeze; while prime high streets have done remarkably well during the recession, secondary high streets are suffering. The true winner is the food

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MOVERS & SHAKERS

Birketts—trainee cohort

Birketts—trainee cohort

Firm welcomes new cohort of 29 trainee solicitors for 2025

Keoghs—four appointments

Keoghs—four appointments

Four partner hires expand legal expertise in Scotland and Northern Ireland

Brabners—Ben Lamb

Brabners—Ben Lamb

Real estate team in Yorkshire welcomes new partner

NEWS
Robert Taylor of 360 Law Services warns in this week's NLJ that adoption of artificial intelligence (AI) risks entrenching disadvantage for SME law firms, unless tools are tailored to their needs
From oligarchs to cosmetic clinics, strategic lawsuits against public participation (SLAPPs) target journalists, activists and ordinary citizens with intimidating legal tactics. Writing in NLJ this week, Sadie Whittam of Lancaster University explores the weaponisation of litigation to silence critics
Delays and dysfunction continue to mount in the county court, as revealed in a scathing Justice Committee report and under discussion this week by NLJ columnist Professor Dominic Regan of City Law School. Bulk claims—especially from private parking firms—are overwhelming the system, with 8,000 cases filed weekly
Writing in NLJ this week, Thomas Rothwell and Kavish Shah of Falcon Chambers unpack the surprise inclusion of a ban on upwards-only rent reviews in the English Devolution and Community Empowerment Bill
Charles Pigott of Mills & Reeve charts the turbulent progress of the Employment Rights Bill through the House of Lords, in this week's NLJ
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