Vacancies for new offices in the capital’s fringe markets are more than twice as high as in Central London
London office tenants focus on best-in-class space, and location is key
Office vacancies in buildings delivered in the last five years in Central London are less than half of those constructed during the same period in London’s fringe, defined as the s...
Bristol office market hits record rent gap
Demand for quality space drives rents for 4 to 5-star offices to 67% above secondary stock
Strengthening demand for high-quality office space has driven the gap between rents for the best and the rest in Bristol to its highest level on record. At the end of the third qua...
Southampton city centre tops the table for South Coast office locations
Low vacancies and strong rental growth drive the port city to top spot
An analysis of the South Coast’s office submarkets finds that Southampton’s city centre tops the league, outscoring the region’s 21 other submarkets by a substantial margin.
Strong leasing demand and limited construction has eroded office vacancies in London’s City Fringe
Take-up reaches a five-year high for the 12 months to third quarter 2024
Rolling four-quarter take-up in the City Fringe, one of London’s biggest submarkets with 29 million square feet of office stock, rose to over 2.3 million square feet in the third q...
Cardiff industrial vacancies hit 10-year high, but sales volumes soar
Major closures drive vacancies upwards although strong inward investment improves outlook
The shutdown of two major industrial facilities in the Cardiff market has propelled vacancy rates to 7%, the highest level since 2014. The rise was driven by the closure of Bridgen...
Vacancies hit a record high in London’s Eastern Fringe as demand weakens
Annual leasing activity is now 70% below the pre-pandemic high point
Subdued demand and the completion of the latest phase at Lendlease’s IQL Stratford development have driven vacancies in London’s Eastern Fringe submarket to a record level.
Brighton office rental growth strengthens as construction falls to seven-year low
Options for large occupiers are particularly tight across the region
Office construction in Brighton has fallen below 100,000 square feet for the first time in five years as high borrowing and construction costs deter developers from starting projec...
Spotlight on Cambridge: Science and tech demand limits office vacancies, but average rental growth has declined
Demand focused on science parks as options for large requirements remain limited
Cambridge office vacancies, which are 6.3%, have been trending considerably lower than in the wider UK, thanks to demand from science and tech tenants seeking access to the city's ...
Oxford laboratory and R&D construction starts reach record level as strong demand drives optimism
Resurgent tenant demand drives spike in new development activity across the City of Spires
The new construction of lab-enabled real estate in Oxford has reached a record high during the third quarter of 2024. With two weeks of the quarter remaining, the 12-month rolling ...
Is the true prelet a thing of the past?
Cost volatility and market uncertainty are driving London office tenants away from off-plan prelets
London office tenants are turning away from off-plan prelets, preferring to acquire space in buildings where construction is underway.
Build it and they will come – and earlier than ever before
London office tenants are committing to space further in advance of completion
Office tenants are committing to space further ahead of practical completion than in the past.
M&S Drives Bristol Retail Leasing to 11-Year High Although Rents Continue To Fall
Momentum Is Building in South West City Centres as Cost of Living Eases and Footfall Returns
The third quarter of 2024 could be the Bristol retail market’s most active on record as two big Marks and Spencer acquisitions push leasing activity north of 250,000 square feet.
Swansea Offices Outperform as Vacancies Sink to All-Time Low
New Schemes Are Expected To Drive Rents in the Welsh Market Over the Coming Years
Swansea has experienced one of the strongest office rental growth rates of any UK market over the last 12 months, with average office rents growing by almost 2%, driven by falling ...
Cardiff Office Leasing Stuck at Lowest Levels Since Pandemic
Deal Volumes Continued To Fall in Second Quarter After Post-Pandemic Rally
Office leasing volumes in Cardiff continued to fall in the second quarter as weak demand dragged on tenant activity. Around 70,000 square feet of office space was let in the three ...
Bristol Office Vacancies Rise to 10-Year High as Leasing Slows
Lack of Large Deals Dragging On Leasing Volumes As New Stock Boosts Vacancies
Weakening office demand and the completion of more than 400,000 square feet of new office space so far in 2024 have propelled vacancies in Bristol above 9%, the highest since 2014 ...
The Flight To Quality: Truth or Myth?
The Real Story Behind the Office Market’s Hottest Trend
The term ‘flight to quality’ has become commonplace to describe office tenants seeking best-in-class stock to meet ESG commitments, attract and retain talent, and reflect brand val...
Size Matters for London’s Office Developers as Construction Starts for Large Buildings Rise
Construction Starts For Smaller Buildings Fall To Record Low
It would appear that size matters for London’s office developers.
London’s Two Main Markets Are Starting To Diverge in New Ways
Strong Demand For Large Units Drives City Take-up While West End Leasing Continues To Fall
The fortunes of the London office market have always been inextricably linked to the ebb and flow of the domestic and global economies.
Spotlight on London’s City Core North: Gap Widening Between the Best and the Rest
Ninety Percent of Newly Completed Space Has Already Been Let, While Average Rents Fall and Vacancies Rise
London’s City Core North is the UK’s largest office submarket, with almost 33 million square feet of office stock. It is home to some of London’s highest-profile buildings and has ...
Cambridge Rows Ahead in Varsity Office Race
Office Rents in Cambridge Nose Ahead of Oxford Rivals
Cambridge and Oxford are two corners on the revered Golden Triangle cluster of UK life sciences businesses, but the fortunes of their office markets have diverged since the pandemi...