| Abstrakt: |
The South East office market is experiencing a bounce-back in leasing activity after a challenging few years. Take-up of office space in the region has increased since last summer, with larger firms returning to office working in smaller numbers. While deals are picking up, they are smaller than in previous years, and the average deal size in 2023 was the lowest since 1992. The demand for best-in-class, grade-A office space is driving market activity, with rising rents and a focus on high environmental, social, and governance (ESG) standards. However, developers are struggling to deliver such schemes due to high interest rates and construction costs. The supply-demand imbalance may pose challenges in the future, but the South East remains a compelling place to do business. [Extracted from the article] |
