Leasing & Investment
Q1 2021 take-up in the reached 574,140 sq ft, a 39% rise on Q1 2020 (412,087 sq ft)
The 5,000 - 20,000 sq ft size bracket drove take-up levels in the South East this quarter accounting for a 74% share
The vacancy rate in the South East continues to rise reaching 9.4% in Q1 2021 up from 7.3% in the previous year
Q1 2021 South East office investment volumes down 51% on Q1 2020 but up 29% on Q1 2019
South East prime office yield holds firm at 5.25% in Q1 2021
Overseas investors made up 50% of Q1 2021 transactions, up from 31% in the previous quarter