The markets remain saturated with ageing stock. Once confidence returns, occupiers will increasingly seek alternative grade A opportunities and rents on dated buildings will suffer as landlords compete for tenants.
Milton Keynes will see a further surge in availability of secondary space as we move into Q4. There is no current prospect of speculative grade A development in the market.
Luton & Dunstable remains dominated by secondary stock, with grade A alternatives largely limited to pre-let options at Napier Park and Butterfield office and technology park.
The commercial district in Northampton continues to grow with West Northampton Development Corporation's regeneration plans well underway with a 61,500 sq ft office led development - St Peters, Waterside, located in the Northampton Enterprise Zone.
For a breakdown of availability across the M1 Corridor click here.