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Turning point? UK office vacancy rate falls for the first time in five years

More offices were occupied than vacated last quarter for the first time since the pandemic began
CoStar Analytics
April 10, 2025 | 10:45 AM

Rising global uncertainty failed to dent the recovery in the office occupier market in the first quarter of 2025 as take-up remained resurgent and net demand turned positive for the first time in five years. This allowed vacancies to compress slightly after several years of increases.

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