- Demand for office space across London, while continuing to improve, remains skewed towards better quality space.
- Occupation levels vary from industry to industry with market focussed operations seeing a healthy return to the office against sectors where remote and hybrid working is now the norm.
- Availability of second-hand accommodation remains elevated although, for the time being, the release of tenant space has slowed, with even evidence of some re-absorption.
- Headline rental levels remain robust and we still expect uplift in 2022, driven by demand for quality alongside tight supply.
- While investment volumes are still below trend, a strong final quarter of activity is anticipated, with a number acquisitions of £100 million plus lots set to change hands.
Director of Research and Forecasting
Research and Forecasting
London - West End
Guy has been a property research professional for 23 years and gained extensive knowledge of the UK and Global property markets. He has worked closely with a wide variety of major developers, landlords and occupiers in a consultancy capacity. Instrumental in supporting Hines' purchase of Brindleyplace for £200m, on which Colliers advised. He is now specialising in the London Office market using his extensive knowledge and experience to provide market leading insight into current occupier, investment and development trends.