London | Offices
South East Offices Review Q4 2018
South East Offices Review Q4 2018South East office take-up for 2018 totalled 3.42m sq ft, a 10 year high for the market. This followed a particularly strong Q4, the best performing quarter for five years, where take-up reached 1.18m sq ft.
- The serviced office sector was increasingly active during 2018 with 19 new centres acquired by operators, totalling 512,000 sq ft and accounting for 15% of total take-up.
- Investment activity in the South East totalled £2.80bn in 2018 across 117 transactions, surpassing the 10-year average by 11%.
- At Q4 2018, prime yields in the South East have recorded some inwards yield movement, standing at 4.75% in from 4.90% at Q3 2018.