• Total office supply in the Thames Valley market at the end of Q4 2015 stands at 9.39m sq ft, compared with 9.6m sq ft at the end of Q4 2014. This represents a fall of 2.6%.
The proportion of grade A supply available has increased from 40% of the total at the end of Q4 2014 to 48% of total supply to the end of Q4 2015, an increase of 10.5%, largely due to speculative development boosting the figures, particularly in Reading.
Total years’ supply of offices in the Thames Valley is now 4.5 years (5.56 years at end of 2014), grade A and B 4.35 years (compared to 5.32 years at end of 2014) and grade A 3.83 years (compared to 5.81 years at end of 2014. These figures clearly show a tightening market dynamic that will continue to apply upward pressure on occupational rents.