South East | Offices
At a glance – Q2 2018
South East Offices Review – Q2 2018Investment volumes totalled £610m for Q2. This brings total investment for H1 2018 to £1.39bn across 63 transactions, 12% higher than the same period in 2017.
- South East leasing activity has continued solidly in Q2, with volumes totalling 631,789 sq ft, in line with the level recorded in Q1.
- This brings total take-up for H1 2018 to 1,259,751 sq ft, 13.0% down on the same period in 2017 but just 4.7% below the 10-year H1 average (2008-17).
- Prime South East yields continue to offer value at 5.00% Net Initial Yield (NIY) relative to the Big 6 cities with Birmingham, Edinburgh and Manchester prime yields standing at 4.75%.