The South East office market saw strong activity in Q1 2021, with take-up on par with the 10-year quarterly average, according to the latest research by global property consultancy Knight Frank.
Surveys & research
In an effort to counter the negative impact of Brexit trade obstacles, many companies from the UK are seeking to establish a base in the Netherlands. Rotterdam has the greatest potential to attract businesses, followed by Amsterdam and Roosendaal, says Savills.
Take-up in Germany’s top six office markets in Q1 2021 fell modestly by 3 per cent year on year to 653,500 sq m with the public sector continuing to provide stability in the office market.
Demand for data centres in Asia-Pacific is expected to almost double in the next three to five years, with a further 2,838MW either under construction or in committed phased development.
According to new research from Workthere, the proportion of global flexible office spaces that are profitable at an operating level, has increased over the last 12 months from 79 per cent to 82 per cent.
New data from BNP Paribas Real Estate shows that office- take-up rose by 29 per cent in Central London, including The City of London and West End, in the first three months of 2021, compared to the last quarter of 2020, reaching 1.2 million sq ft.
Millions of Brirons are set to move home permanently, as a consequence of the pandemic, citing remote working as the facilitator and quality of life as the ambition, according to new research by property developer Romal Capital.
Edinburgh’s office market got off to a positive start in 2021, despite ongoing lockdown measures restricting deal activity, according to analysis from Knight Frank.
Despite the downturn in economic activity throughout 2020, corporate real estate asset sales in EMEA surpassed 2019 volumes to reach EUR27 billion, according to JLL’s latest report Raising Capital from Corporate Real Estate.
Bidwells Spring 2021 Oxfordshire report reveals that due to intense activity in 2020, Oxford has shown robust growth with 27 per cent take-up compared to 2019, bringing the area 43 per cent ahead of the ten-year trend. As a result of this demand, rents have reached a new high of GBP15.00 per sq ft.