Take up in the Thames Valley office market over 5,000 sq. ft in Q3 totalled 508,540 sq. ft, compared with 300,675 sq. ft in same quarter last year, showing a comparative increase of 69% between the two quarters. The Q3 total was also considerably more than the previous Q2 2018 which stood at 342,022 sq ft.
Total take up for the first 9 months of 2018 is 1,208,342 sq. ft compared with 1,250,281 at the same point in 2017. This shows a comparative fall of just 3%, so the market seems quite steady.
70% of total take up was grade A stock in Q3 2018 compared to 78% in Q1 and 65% in Q2 2018. The most active sectors were Pharmaceuticals 25%, TMT 17%, Finance & Banking 12% and Serviced Offices 8%
There was 81,238 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) and Q2 2018 (62,000 sq. ft).