South East Q3 office lettings exceed 1m sq ft

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South East office take-up for the third quarter of 2018 reached 1m sq ft for the first time in four years, reveals data from Colliers International shared exclusively with Property Week.

Take-up was 24% above the five-year quarterly average of 819,881 sq ft and more than doubled last year’s 467,456  sq ft Q3 figure.

The average size of lettings has also increased; deals in the 20,000 sq ft to 50,000 sq ft size represented 36% of total take-up, while those of 50,000 sq ft and over accounted for 31% of the total.

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