2025-11-10-莱坊-South_East_Greater_London_Offices_Q3_2025_7页_1mb
报告摘要
South East and Greater London Office Market Q3 2025 Summary
Leasing Activity
- Leasing activity reached its highest level in Q3 2025 since before the COVID-19 pandemic, with 806,570 sq ft traded, marking a 4.2% increase from Q2 and the highest quarterly total for the year.
- Reading led the market, accounting for 19% of total office take-up in the South East and Greater London region.
- The Technology, Media & Telecommunications (TMT) sector drove demand, contributing 634,000 sq ft or 24% of transactions, up significantly from pre-pandemic levels.
Development
- Development is lagging behind demand, with only 1.6 million sq ft of speculative office space under construction.
- The low supply of Grade A space is tightening rental agreements, with prime yields remaining relatively high (e.g., £7.00/sq ft in London).
Investment
- Office investment reached £291m in Q3, the highest quarterly figure of the year to date, though below the long-term average.
- Yields have stabilised, with Prime A assets holding appeal, particularly at around 7.0%.
- Key acquisitions included Iroko Zen’s £58m deal in Hammersmith and Lincoln MGT’s deal with Centrica.
Market Outlook
- Ongoing demand exceeds supply, particularly for new and Grade A space, leading to potential asset refurbishment and management opportunities.
- Yields across secondary locations remain attractive, but competition is expected to increase with limited new stock.
Key transactions and deal flow data are highlighted within the report.
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