The demand for offices since the pandemic has strongly favoured new buildings, as occupiers have by-and-large taken less but better space. While this has encouraged the development of new space, it has brought forward discussions of refurbishment or change of use in secondary space. So, what is the impact on older stock and when does office obsolescence begin to set in?
When Does Office Obsolescence Start to Set In?
Net Demand Turns Negative in Buildings More Than 10 Years Old
CoStar Analytics
July 31, 2024 | 8:55 AM
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IN THIS ARTICLE
- Properties
- Building 1 Circle Square
Oxford Rd, Manchester, GTM
- Two New Bailey Square
New Bailey St, Salford, LAN
- Landmark St. Peter's Square
1 Oxford St, Manchester, GTM
- No.1 St Michael's
36 Jacksons Row, Manchester, GTM
- Eleven York Street
11 York St, Manchester, GTM
- Hyphen
75 Mosley St, Manchester, GTM
- Aviary
58 Mosley St, Manchester, GTM