Thames Valley take-up to the end of Q2 2014 totals 506,787 sq ft, a fall of 41% in comparison to the same period in 2014.
Q2 take-up was particularly low at 201, 348 sq ft, and this is 57% less than the corresponding Q2 2013. This disappointing take-up in Q2 follows the very low numbers of enquiries recorded in Q1 2014.
The Thames Valley office market has shown a surprisingly low level of occupier take-up in the first half of 2014, following on from such positive take-up figures in 2013.
The positive news is that the Q2 number of enquiries is the highest we've recorded (Q1 was the lowest). Overall 2014 enquiry levels are now similar to 2013. We expect that the bounce back of new enquiries in Q2 will feed through into much better levels of take-up through the second half of this year.