Highest Office take-up in a decade

  • Regional office occupier markets experienced record breaking take-up activity in 2018. Across the ten regional cities monitored by CBRE, overall take-up reached nearly 7.5m sq ft. This was 19% above the five-year average and 9% higher than 2017.
  • The South East also saw a significant uplift in occupier activity with 3.5m sq ft of office space acquired, the highest level in this market since 2007.
  • 2018 saw record take-up from flexible office operators across the UK. This was the year the co-working revolution surged into the South East and regional cities with international, national and local operators all active.
  • Investor demand for offices around the UK also remained strong, with regional cities popular for a diverse pool of investors. Prime assets are by far the most popular but a lack of stock that meets this demand is an increasing issue.