
Market in Minutes: Greater London & South East Offices
"Flight to quality continues to drive the market, with H1 2024 take-up back in line with the five-year average"
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"Flight to quality continues to drive the market, with H1 2024 take-up back in line with the five-year average"

"The market seems to be bottoming out in terms of activity levels and pricing. European real estate investment volumes are estimated to reach approximately €44.5bn in Q2 2024, an 18% increase from the previous quarter. The investment volume for the year's first half is likely to exceed €74bn, roughly in line with H1 2023."

"Yield compression re-emerged in June but, as of yet, has not translated into increased transactional activity across the board. This may change in H2 considering improving corporate confidence and a stronger economic backdrop"

"Demand rises in first half of the year as take-up of existing units set to drive a fall in vacancy into 2025"

"93% of space transacted in H1 2024 has been Grade A quality"

"Speculative completions and growth in second-hand space increase supply by 26%, yet BTS transactions rise 108% on levels seen in H1 2023"

"The region is well positioned for future rental growth, with just 1.16 years’ worth of supply available based on the five-year annual average take-up"

"Supply falls from peak of 6.56m sq ft in recent months as deals complete"

"Vacancy rate remains low at 6.37%; 1.14 years’ worth of supply left"

"Take-up has already surpassed long-term annual average by 27%"