Our latest view on the outlook for the UK economy and commercial property market.

  • Q3 GDP, estimated at 15.5%, is the largest quarterly increase on record but was not as strong as many had expected. This means the economy was still 8.2% smaller at the end of September than in February 2020.
  • Occupier activity in both the central London and big nine office markets has been substantially hit by the crisis, with Q3 take-up down 59% and 39% down on their respective 10-year quarterly averages.
  • The pandemic has changed the priorities of both investors and tenants when it comes to making real estate decisions. It is anticipated that both will place a larger emphasis on health, wellbeing and experiential assets when considering the pricing and demand of office space, moving away from a sole focus on size and location.

Economic and property market review Autumn 2020

Economic and property market review Summer 2020

Economic and property market review Spring 2020

Economic and property market review Winter 2019

Economic and property market review Autumn 2019

Economic and property market review Summer 2019

Economic and property market review Spring 2019

Economic and property market review Winter 2018

Economic and property market review Autumn 2018

Economic and property market review Summer 2018

Economic and property market review Spring 2018

Key Contact

+44 (0)20 7911 2340