Fundamentals in Basingstoke & Deane have strengthened markedly of late. Around 315,000 sq ft of net absorption recorded in the 12 months to April, a cyclical high. This followed a weak five-year period when an exodus of major tenants from the submarket including, SSE, Motorola, Barclays, Thales and Shire, which pushed vacancies well into double digits.
CoStar Analysis: Office vacancies have plummetted in Basingstoke & Deane
Robust occupier demand over the past year caused office vacancies in Basingstoke & Deane to fall to a six-year low, according to CoStar’s data
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IN THIS ARTICLE
- Properties
- The Sovereign Building
Basing Vw, Basingstoke, HAM