Last year saw the lowest take-up in the Thames Valley, M25 and Greater London office markets for a decade, according to Strutt & Parker’s latest report.

Take up was 3.73m sq ft, 18% below the 5 year average and 35% below the 10 year average, according to Strutt & Parker’s National Offices and Business Parks Survey.

It said that it expected similar levels of take up for 2009.

The survey also said that for the first time in 10 years the in and out of town office markets had seem similar levels of take-up, both as a percentage of total floor space and as a percentage of transactions – down from a 67% bias towards the out of town office market.

Related files/tables