Market in Minutes: West End Office Market Watch
"Tenant-controlled space reaches a three-year low as supply continues to reduce"
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"Tenant-controlled space reaches a three-year low as supply continues to reduce"
"Leasing activity remained strong, with occupier demand for best-in-class space continuing to drive transactions despite economic headwinds"
"Development completions are currently set to hit a record level during 2023, though this will likely be tempered with increased pressure on project timescales"
"Wider macro trends keep pressure on costs"
"Inflation of additional costs is becoming a key factor for firms looking to take prime office space while hybrid working continues to change the world of work"
"Rising construction costs begin to squeeze developer margins amid occupier shift to more sustainable office space"
"The global reputation of Oxford has increased even further during the past 18 months. A driver of this is the significant capital raised by Oxfordshire-headquartered companies. This ensures that occupational demand will increase in the short-to-medium term"
"The life science and technology sectors remain key drivers of the commercial property markets in Cambridge. For 2021, Cambridge sat within the Top 10 of global cities in terms of the level of venture capital raised. An exceptional achievement for a city that is just a fraction of the population size of the others within the Top 10"
"Projects costs and duration continue to rise"
"Central London office take-up predicted to reach 8.2 million sq ft in 2022 as most occupiers look to maintain or add space"