South East office take-up rises by 72% as Grade A options diminish

Take-up for South East office space in Q1 2019 has soared by 72% year-on-year as the lack of Grade A space in the region drives demand. Grade A office space take-up spiked to 614,879 sq ft in Q1 2019, up from 285,841 sq ft in Q1 2018, just 2% below the five-year quarterly average of 827,176 sq ft, according to new research by Colliers. In the agent’s South East Offices Q1 2019 Snapshot, the report claims there has been a recent demand for larger floor space. Around 544,153 sq ft was leased in Q1 this year, with 65% of transactions