The Big Nine - Quarterly Review of The Regional Office Occupier Markets, Q3 2012

Report Summary:

A number of cities have seen an increase in smaller secondary transactions but larger Grade A deals are taking longer to mobilise. The out-of-town market is currently performing better than city centres but this may change as larger deals complete towards the end of 2012. Overall take-up is forecast to end the year consistent with levels over the last three years at over 6 million sq ft. Carl Potter, National Head of Offices

• City centre and out-of-town take-up in the nine GVA regional office centres achieved 1,520,000 sq ft in Q3, 4% below the quarterly average
• The city centre markets made up 60% of this total, with 903,000 sq ft of deals, 10% below the quarterly average
• The out-of-town markets recorded take-up of 617,000 sqft, 7% above the quarterly average

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.