Office Brief May 2023
"Net absorption in Q1 fell into negative territoryRents continue to nudge up even as vacancy rises."
Tagged Articles
"Net absorption in Q1 fell into negative territoryRents continue to nudge up even as vacancy rises."
"How far are occupiers moving in the Greater London & South East office market?"
"Cardiff office market roundup"
"Values fall across the City market as sellers adjust their pricing expectations"
"Overall, the office market continues to see steady improvement going into 2023. Rental corrections have been gentle, and vacancy rates have dropped across the C5W. Indeed, pre-leasing activity has been firm, and some Japanese companies are expanding their office footprints. That said, some foreign companies are looking to return floor space, and the large amount of new supply might dampen recovery going forward."
"Two major pre-lets provide boost to February take-up"
"Slowing transaction speed is proving detrimental to take-up figures, but boosting under offers"
"Deals beginning to emerge in the City"
"Buyers’ options grow albeit for smaller lot sizes"
"By the end of 2023, five new projects are expected to be handed over, providing more than 90,000 sq m of office space. From 2024, 324,000 sq m from 11 projects are expected, mostly in the West. "