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The Big Nine - Quarterly Review of The Regional Office Occupier Markets, Q2 2012

Report Authors: GVA

Report Summary:

Economic uncertainty following the decline in economic growth and events in the Eurozone is continuing to impact on business confidence.

This is reflected in take-up levels in Q2, with activity in a number of cities considerably down at the half year stage.

In many cases enquiry levels are holding up and there are a large number of latent requirements in the regional office market but companies are not committing. Take-up in many cities is dominated by much smaller transactions with +50% of take-up of grade B quality – coupled with fewer large grade A deals. There is currently a healthy supply of good space in the market and little pressure on occupiers to commit. Landlords are keen to re-let or re-gear and offer increasing flexibility on lease terms and tenant only break options. Latent demand is building but this is unlikely to be documented until confidence improves.

About the Author:

GVA’s award winning Research team provides high quality research and analysis to the business and its clients. Our market commentaries, thought leadership pieces and consultancy advice drive industry debate, distinguish GVA from its competitors, and add value for our clients.