• Total office supply in the Thames Valley at the end of Q2 2016 stands at 9.19m sq ft, the same as at the end of Q1 2016, but 4% down against the supply total at end of Q2 2015
• The proportion of grade A supply is 50.6% of the total, compared with 46% in Q2 2015
• The years’ supply available is 4.31 years’, compared with 4.5 years’ at the end of 2015. Grade A years’ supply has slightly risen from 3.16 years’ to 3.46 years’ from Q1 to Q2 2016
We again highlight Reading town centre, where there is now 1,000,521 sq ft of grade A supply, yet there has been only 43,009 sq ft of grade A take-up to the end of Q2 2016. This may be a blip, but clearly the market expects much more activity and we are watching Q3/4 2016 very closely.