Take-up in the Thames Valley office market stayed steady at 415,128 Sq ft in Q1 2018, compared to 430,502 Sq ft in Q1 2017 and 449,121 Sq ft in the previous quarter Q4 2017. The TMT business sector dominated the activity, accounting for 158,572 Sq ft of total quarterly take up. Reading (127,000 Sq ft); Oxford (70,000 Sq ft) and Slough (59,000 sq ft) were most active micro markets. The enquiry levels in Q1 2018, over 5,000 Sq ft, equaled the highest seen, in a Q1 over the last six years, a 62% increase compared to the last quarter Q4 2017.
Q1 2018 saw a healthy level of transactional volumes totalling £434m, being a 53% increase from Q4 2017. There were a total of 15 transactions and an average lot size of £31m. This average lot size is considerably higher than the £17m of Q4, which is a result of 3 of these transactions being over £50m.