Hitting Operational Net Zero with Hazel Nancarrow: Regional Office Market Report 2021 - LSH Talks
Description
Our Regional Office Market Report 2021 has found that a resurgence of demand for high-quality workspace has driven a sharp recovery in take-up across the regional office markets, subsequently pushing prime rents to new highs. The pandemic may be far from over, but the unwinding of restrictions and successful vaccination roll-out has brought normality back to office life and, crucially, occupiers back to the regional office markets.
The recovery is rapidly gathering pace. At 2.2m sq ft, Q3 take-up across 20 key UK regional markets combined was the strongest quarterly outturn since the onset of the pandemic, while Q4 take-up is forecast to hit an impressive 2.7m sq ft, 17% above trend. Consequently, take-up in 2021 as a whole is expected to be circa 8.1m sq ft in 2021, rebounding by 42% on 2020 and only 12% below the annual average.
Read the report: https://r1.dotdigital-pages.com/p/14MT-TQC/lsh-office-market-report-2021
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Guest:
Hazel Nancarrow - @hazelnancarrow
Host, Producer and Edit:
Em Marcovecchio - @emilymarcovecchio
United States
