•Take-up in Q3 2016 was 294,520 sq ft, 34% below the 444,976 sq ft transacted in the previous quarter and 65% down in comparison to Q3 2015
•52% of take-up in Q3 2016 was grade A, compared with 45% in Q2 2016
At the end of the third quarter point of the year, total take-up stands at 1.26m sq ft. We are maintaining our previous forecast (end of Q2) of 1.5m – 1.8m sq ft of total take-up for 2016, significantly below the 2.08m sq ft recorded in 2015.
There are now improved activity levels, in so far as agreed new transactions are concerned, so it is likely that Q4 take-up will show a significant improvement.
So far in 2016, there has been 330,273 sq ft of activity in Reading, representing 26% of all take-up in the Thames Valley so far this year. With known ongoing interest and transactions, we expect this position to strengthen in Q4.