- Standing at 8.947m sq ft at the end of Q4 2016, supply has fallen by just 2% since the previous quarter.
- Compared with the same point in 2015, this represents a fall of 4.75%.
Overall supply is falling year on year – as a long term comparison, supply at the end of Q4 2012 was 11.76m sq ft (grade A 30%). As available grade A is occupied, there are likely to be some patches of very limited grade A supply, unless developers start to build.
The proportion of grade A supply is 53% of the total, compared with 48% in Q4 2015. High end grade B supply continues to diminish as buildings are acquired by occupiers but not replaced in the supply chain.
Total years supply available, according to the long term average take-up in the Thames Valley is 4.64 years, with grade A supply being 5.53 years. Looking at the years of supply available according to the take-up seen in 2016, however, is shows a role reversal at 5.23 years of availability, an increase of 4.5 years at the end of 2015. On this basis, grade A supply has also increased – from 3.83 years to 4.47.