
Global Occupier Markets: Prime Office Costs – Q4 2023
"Improving occupancy rates, increasing competition for top-quality spaces, and emphasis on sustainability have supported office demand over 2023 and look likely to continue through 2024"
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"Improving occupancy rates, increasing competition for top-quality spaces, and emphasis on sustainability have supported office demand over 2023 and look likely to continue through 2024"

"Take-up in Q4 2023 is the highest quarterly total since 2018, bringing the annual total in line with 2022"

"Savills City Investment team transacts £1.86bn in 2023 reflecting a market share of 52%"

"2023’s close brings boost to investment volumes"

"Glasgow's entrepreneurial and creative environment has ignited a surge in start-ups and tech companies, seeing 25% growth in a decade"

"November sees highest monthly take-up in four years bolstered by HSBC’s 556,000 sq ft move to the City"

"Steady stream of larger requirements provides hope for more active 2024"

"£900m of deals agreed in November"

"Historically low deal volume points towards continued market pricing discovery"

"Glasgow office market Q3 roundup"