• The Eastern region contains six core markets being Cambridge, Peterborough, Chelmsford & Brentwood, Ipswich, Norwich, and Romford & Ilford.

• A constant theme throughout the region is the supply constraint that is present. With the exception of Cambridge, every market has been significantly affected by permitted development rights (PDR) which has resulted in at least 2.1 million sq ft of office space being converted to residential uses.

• Every market in the region has experienced rental growth as a result of the limited supply. Further rental growth is expected as the development pipeline is limited. Only Cambridge and Ipswich have experienced speculative development in recent years.

• Occupier demand has fluctuated market by market with the lack of supply hindering take-up. Cambridge has witnessed the strongest levels of occupier demand in the region.

• The supply constraints present in the market provide investors and developers with an opportunity to refurbish or develop new stock.

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