Take up in the Thames Valley office market over 5,000 sq ft in Q2 totalled 342,022 sq ft, compared with 524,254 sq ft in same quarter last year, showing a comparative fall of 35% between the two quarters.
Total take up for the first 6 months of 2018 is 699,802 sq ft compared with 954,806 in the same period in 2017. This shows a comparative fall of 27%.
65% of total take up was grade A stock in Q2 2018 compared to 78% in Q1 and 61% in Q2 2017. The most active sectors were TMT 32%, Serviced Offices 23% and Pharmaceuticals 19%.
There was 62,000 sq ft of take up in the 2,500/5,000 sq ft range which we have started tracking from Q1 2018 (73,106 sq ft).