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South East Offices Snapshot Q4 2020

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In this quarter’s snapshot, we highlight the following:

  • Quarterly take-up at 350,006 sq ft, over 50% below the 10-year quarterly average. This serves to emphasise the impact the November lockdown had upon deals execution and trajectory.

  • Just 19% of marketed availability is sublease space, which suggests greater potential for rental stability.

  • Reoccupation of office space will create challenges but expected reduction in density and redesigns means overall occupier footprints are unlikely to see significant reductions.

  • There remains pent up demand from both UK and overseas Investors for long-let offices secured against strong covenants.

  • We anticipate confidence returning to investors and occupiers as a result of the UK/EU trade deal and the increasing rollout of COVID-19 vaccines now in circulation.


South East Offices Snapshot Q4 2020

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Related Experts

Guy Grantham

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.

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