The London serviced office market is at its
hottest now for more than 6 years. Even with
a record number of new centre openings in
the past quarter, overall occupancy levels
are at over 90% in central London.
Demand is outstripping supply and most new
centres are opening having pre-sold 50%+ of
their available space. There are still a number
of larger spaces (100+ workstations) left
but occupiers need to know where they are
and move fast to secure the space!
High profile new centres that have opened
in the past quarter include Millbank Tower,
City Tower, More London, Bishopsgate and Royal
Exchange.There are over 40 new centres due
to open during the next 6 months in London
alone.
UK - Steady she goes…
In the regions the market is much slower with
average occupancies closer to 80%. The Thames
Valley continues to suffer with occupancies
in some centres at less than 60% - there are
incredible deals to be done at prices per
workstation as low as £200 in some locations.
The best performing markets outside of London
are Edinburgh, Aberdeen and Brighton, with
occupancies between 90 and 95%. The pipeline
of new centres is also very exciting with
over 100 new centres (over 2 million sq. ft)
forecast to open over the next 12 months nationwide.
Global - What's hot,
What's not?
The Middle East continues to be the hottest
region in the serviced office world with new
centres opening and filling up rapidly in
Dubai and Abu Dhabi. We forecast the number
of
