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July 2, 2022
HR Technologies

Regional office markets show some signs of recovery

Take-up of office space in the cities outside of Central London during Q4 2020 totalled 1.1m sq ft, an increase of 138 percent compared to Q3 2020. However, the overall take-up for 2020 reached 3.9m sq ft, a decline of 40 percent on the five-year average, according to research from real estate advisor CBRE. One of best performing markets was Manchester, which saw a strong end to the year with 349,500 sq ft transacting. This was an increase of 415 percent on the previous quarter and in line with the Q4 average. The overall largest UK deal of the quarter…
Regional office markets show some signs of recovery

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