South East | Offices
At a glance – Q1 2018
South East Offices Review – Q1 2018South East office investment reached £559m in Q1 2018, 22.3% up on the same period last year and 73.0% up on the 10-year Q1 average (2008-2017).
- Take-up for Q1 2018 reached 627,962 sq ft, 12.9% down on the same period last year, but just 6.8% down on the 10-year quarterly average for Q1.
- In Q1 2018 the majority of leases agreed (61.8%) fell within the sub-10 years term-certain category, highlighting occupiers’ increasing desire for flexibility.
- Following some yield compression over H2 2017, prime yields in the South East remain at 5.00% at Q1 2018, relative to 4.00% in the City and 3.50% in the West End.