South East office take-up hits 10-year high

By Emanuele Midolo2019-01-17T06:09:00

Virgin Media 500 Brook Drive Green Park Reading 2

The South East office market recorded the highest take-up in over a decade last year, new data from CBRE has shown.

Last year’s take-up reached more than 3.5m sq ft, the highest level since 2007. Deal activity was 44% ahead of 2017 and 20% above the five-year average.

In the second half of the year, deals of 50,000 sq ft-plus represented more than 1m sq ft or 44% of total take-up. There were only three deals of that size throughout the whole of 2017.

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