Q4 take-up at 320,000 sq ft is a 36% increase on Q3 2020
The office market is expected to remain in effective pause mode with Level 5 lockdown extended into March however we are seeing an increase in the number of requirements as occupiers are in a position to make more concrete real estate decisions with the arrival of vaccines.
2020 was a challenging year for the office market, but it was encouraging to see multi-nationals like Microsoft; Amazon; Gilead; Twilio; Rabobank all taking space during the pandemic.