All respondent types were more positive about business conditions. This reflects an improved, albeit still uncertain, economic environment. With investors being significantly more optimistic, we may see a sustained recovery in investment volumes.

Occupiers are still primarily concerned by input costs. Notably, this year, labour costs have overtaken energy costs as the most important factor, reflecting shifting challenges for occupiers as the energy crisis recedes.

A broad range of demand drivers, including network consolidation, technology adoption, resilience and ESG improvements, will continue to combine to generate new requirements in 2025 and beyond.

While the majority of investors expect investment volumes to rise in 2025, investors overwhelmingly expect prime yields to remain more or less stable over the next four quarters.

Power supply, the length of time taken to get planning permission and building costs are all at the top of the agenda for developers. An overwhelming majority of developers plan to develop more or the same amount of stock this year despite the difficulties facing the occupier market.

_{Read the articles within Future Space Report 2025 report below}