The Big Nine
Quarterly review of take-up in the major regional office occupier markets in the UK.
There was a notable increase in take-up from health-related occupiers and flexible workspace operators during Q2 and the regional office market continues to benefit from the commitment of the public sector and the levelling up agenda. The GPA is in advanced discussions in respect of its first post-Covid regional hub transaction in Birmingham.
Overseas investors and UK property companies were the most active at the larger end of the market during Q2 and accounted for 62% and 30% of volumes respectively. This is the continuation of a trend over the past 12 months, with very little institutional investment since Covid.