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News

Research

Savills index reveals Helsinki, Copenhagen and Stockholm are best placed to manage extreme urban heat in coming decades

"Extreme heat, droughts, or floods will become more frequent, and the ability of cities to prepare for these climate changes will play an important role. In terms of heat, the top three cities in the new Savills Heat Resilience Index are Helsinki, Copenhagen and Stockholm. Index assesses 30 global cities best prepared to deal with extreme urban heat. Here, extreme temperatures and days over 30°C are rare, while progressive policy around ESG helps to mitigate the effects of extreme weather on their populations. In the comprehensive Heat Index, Prague was not evaluated. However, according to statistics from the Czech Hydrometeorological Institute, there were a total of 26 days in Prague in 2023 (station Prague-Vinohrady) where the temperature exceeded 30° C, placing Prague among the "cooler" cities."

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News

Business Space

New York dominates legal firms taking office space in H1, as 23% of practices globally look to expand space and 44% maintain existing footprint

"New York accounted for a third of all leasing activity globally in the legal sector in the first half of 2024, says Savills, equating to over 1.4 million sq ft of space, out of a total of 4.3 million sq ft across the world’s 15 largest legal markets, reflecting its position as the world’s principal legal hub."

News

Research

UAE and the Caribbean Islands attract executive nomads, with Dubai being the top destination

"According to the latest Savills Executive Nomad Index, Dubai has retained its lead position as the most sought-after destination for executive nomads, for the second consecutive year. Meanwhile, UAE capital Abu Dhabi is hot on its heels, moving from fourth place to second this year, with the UAE taking the top two spots on the index. Additionally, six Caribbean island nations have made it into the TOP 25, along with the newly included Palermo in Sicily."

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News

Commercial Investment

Global industrial and logistics transactional activity rebasing higher post-Covid-19 with $41.5bn raised in H1

"US$78bn of industrial and logistics deals were completed globally in H1 representing over 9% growth from the 2015-19 average. While down on H1 2023 by 16%, Savills says that the transactional market is tracking higher than pre-Covid-19, with US$41.5bn raised globally in H1 2024 by funds specifically targeting industrial and logistics assets, representing a 30% increase on the pre-Covid-19 average, despite the wider challenges around raising capital."

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