Prime rents up 5.5% year-on-year as supply tightens in UK’s Big Nine office markets
The Big Nine regional office markets of the UK saw take-up levels reach 1.7 million sq ft in the third quarter, exceeding the previous quarter’s performance, according to analysis from global commercial real estate advisor Avison Young.
Demand focused on centrally located office spaces with high amenities and transport connectivity, with 66% of Q3 demand coming from city centre locations.
With occupier demand focusing on best-in-class spaces, prime rents continue to see significant uplifts across supply constrained markets.
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