#commercial-property

#commercial-property

New analysis by leading property data provider, Search Acumen, shows that 16,780 properties across England above the rateable value of £500,000 will be affected by an increase to business rates if Chancellor Rachel Reeves goes through with planned reforms, having a material impact on occupiers and investors. The analysis indicates that business rates increasing will disproportionally impact London, with almost two-fifths (37%) of properties liable based in the Capital alone. The 6,100 premises have a rateable value of £9bn nearly half of the overall collective value of rateable properties above the £500,000 threshold.

The traditional five-day commute into a central office hub is no longer the default for millions of UK workers. That change gives people more freedom. But it also creates a deep problem for commercial property owners and the city itself. Empty floors, shrinking tenancies and new demands for flexibility force companies to rethink their physical space. This piece explains how a lasting shift to hybrid schedules is remaking London's business map, pushing office conversions, and building a new market around short-term and on-demand services.

The FDNY says a 2-alarm fire broke out in a commercial strip in Morris Heights Thursday evening.

The priciest residential deal recorded in New York City was in Greenwich Village, where J. Carey Smith, a Texas-based entrepreneur who founded Big Ass Solutions, his wife Nancy Smith and their son Tristan Smith sold a townhouse at 11 West 12th Street for $26.5 million. The Smiths purchased the home in 2019 for $19.9 million, then put it on the market in June, asking $27 million. The five-story, 25-foot-wide townhouse spans 9,700 square feet and has six bathrooms, a two-car garage.

The space at 148 Lynhurst Avenue is designed for real industrial operations, featuring a functional layout with dedicated work areas, high ceilings, and essential installations.