South East towns face office supply crunch

Towns in the South East could experience shortfalls in office availability as development activity in the region slows.

Last year, 840,000 sq ft of speculative space was delivered to market, down from 2.4m sq ft in 2017, according to Knight Frank’s latest research, the M25 Report 2019.

Five town centres now have less than two years’ supply – Watford, Croydon, Brighton, Cambridge and Oxford – and they will be most affected by decreased development and lower vacancy rates.

In the M4 corridor, the vacancy rate will fall to 5.3% by 2021, and to 3.8% within the M25, for