South East Offices
Key towns update of activity
DATA & ANALYSIS
Principal, South East Offices
Welcome to Avison Young’s South East Q4 2020 update and year-end review which focuses on 10 key markets, made up of in town and out of town markets, covering the whole of the south east geographical area. Given the disruptions caused by restrictions put in place to combat Covid 19 the market in some parts has proved extremely resilient whilst overall it has been a year to forget.
SOUTH EAST OCCUPATIONAL OUTLOOK
The last 18 months in the South East office market have been extremely tough. This time last year, with take up for 2019 the lowest it had been for five years, political clarity around Brexit off the back of the General Election result meant that sentiment was positive going into the new year. However, by the time we ended Q1 we were in lockdown for the first time...
Director, South East Offices
Despite the challenges of COVID-19 investment volumes have significantly increased in the latter half of the year, with a notable £1.18bn of new sales launched into the market since September. A number of UK Institutions have sought to exit South East offices, accounting for approximately 77% of total Q4 new sales, as retail funds seek to raise cash and re-balance weighting.
SOUTH EAST KEY TOWN ACTIVITY
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