Press Release
South East Offices Take-up Reaches Highest Level Since 2019
July 28, 2025
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Director
Take-up of South East offices* reached 1.4m sq ft in the first half of 2025, the highest half-yearly take-up for the region since 2019 and a 3% increase on the same period last year, according to new research from CBRE.
More than 761,000 sq ft was realised in the first quarter, with take-up in Q2 totalling almost 600,000 sq ft. In Q2 specifically, the Thames Valley market accounted for 61% of take-up, totalling 362,600 sq ft. The M25 markets accounted for the remaining proportion.
Take-up of secondhand space fell quarter-on-quarter by 12%, but continued to account for the largest proportion of total take-up at 71%. Two of the three largest deals in Q2 were for secondhand space, however the largest deal was for new space, with the Premier League taking more than 73,000 sq ft.
At a sector level, the consumer services & leisure sector took the most space in the second quarter, accounting for more than a quarter (27%) of total take-up, followed by TMT and manufacturing, industrial & energy at 26% and 23% respectively.
Under offers fell by 18% in Q2 to 578,400 sq ft across all unit sizes, and much like take-up, was predominantly in the Thames Valley market at 51%.
Take-up has gradually been increasing in recent years, taking us to the highest half-yearly levels we have seen since 2019. We’ve seen a lot of diversification on business parks across the region, with a wider range of occupiers looking to secure space in what is an attractive market, particularly for larger units.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.co.uk.