Office space constrained in the East Midlands

The East Midlands is one of the most constrained regional markets for office space – with only 2.2 years’ worth of supply currently on the market, according to Radius Data Exchange figures on active demand over the past year combined with current standing availability. Only the neighbouring West Midlands region has a shallower amount of standing office supply relative to demand outside of London. Developers and landlords have responded to this accelerated demand by pushing through more than 3m sq ft in new permissions over the last 12 months, representing an annual increase of 55% in new space approved against