United Kingdom Office - The Property Perspective H2 2017
Office Investment Markets: Investor appetite rebounded strongly following uncertainty in the immediate aftermath of the EU referendum. H2 2017 saw a surge in transaction volumes with approximately £3.1bn spent on offices around the UK, beyond London and the South Eastern regions.This pushed the 2017 total to £4.7bn, the highest year of investment in UK regional office markets since 2006.
Office Occupational Markets: After a solid start to the year, regional office occupier markets excelled in the second half of 2017. Across the ten regional city markets monitored by CBRE, overall take-up in H2 2017 reached 4.1m sq ft and climbed to a record breaking 6.9m sq ft for the full year.