Steady erosion of quality office space in Thames Valley

We have published our annual Thames Valley Office Market Report, highlighting steady office take-up over the last two years and resultant shortages of quality office stock in certain centres.

The report, now in its fourth year, looks at the dominant commercial property trends over the last year and detailed statistics and forecasts for 11 key centres. It also looks at drivers behind office demand, including Crossrail and Western Rail Access to Heathrow (WRAtH); two of the most influential infrastructure projects currently facing the region.

Watch below for The Market in Minutes.

Majority of office space falls below quality aspirations

Nick Coote, Head of our Thames Valley team, explained: "While letting velocity remains relatively slow, activity is focused on the better quality office stock. As a result, there is a steady erosion of quality office supply in the region. We therefore anticipate market supply issues (where there are shortages of quality stock) will become increasingly exposed in some centres.

“As ever, the challenge for landlords will be to provide the quality product demanded by occupiers, in the right locations, and restoring value to newly vacated stock."

To download the full report, please click here.

To discuss the report's impact on your own Thames Valley office interests, please contact Nick Coote.

For information about the region's investment market, please contact Nick Lloyd.