Office supply on the South Coast stands at 1.77m sq ft. This is a slight reduction on Q2, with several transactions completing and little stock returning to the market.
Office supply is further reduced by a number of buildings being subject to change of use applications to become student accommodation. This is the case for more than 120,000 sq ft across Park House, Richmond House and Orions Point. A substantial part of the Mayflower Plaza mixed-use scheme has also been converted to provide over 1,000 student rooms.
For a detailed breakdown of supply by centre click here, or for a breakdown of availability by grade click here.