Market in Minutes: UK Regional Office Investment Market Watch
"Limited sellers in the regional office market see volumes fall"
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"Limited sellers in the regional office market see volumes fall"
"Although rents are still rising, the impact of COVID-19 has started to weigh on vacancy rates. Looking ahead, some regions could feel the pain more than most, especially those burdened by a busy pipeline of projects."
"Whilst all office markets across the country are feeling the impacts of the pandemic, with demand declining across all markets, Perth, Brisbane and Adelaide remain more resilient."
"The office conjures different visions for people based on what their experiences and expectations are. The definition of office has also changed over the years. In the past, there has been a strong correlation of office with work."
"Grade A supply has fallen by 53% since the end of 2019"
"2019 has been a tough period for the global economy with trade tension between US and China and recessions in some countries. "
"Despite COVID-19’s paralysing effect on the broader economy, the Grade A office sector has displayed resiliency thus far. With signs of potential fragility emerging in the lowerquality segment of the market in Q2/2020, however, an inflection point may have been reached. That said, the sound underlying fundamentals should ensure that market weakness is manageable for a while."
"Despite the significant levels of office supply expected this year, any lingering concerns about a glut have been eased with most of it already filled or pre-leased."
"High levels of pent-up underlying demand remain despite slow pace of leasing activity"
"May sees an uptick in the level of requirements, although more are being placed on hold"