South East office take-up hits 10-year high

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue