South East Offices

Key towns update of activity

Q2 2020

Jam Factory, Oxford

Data & analysis

Occupier data

Investment data

Rent data

Commentary

Piers Leigh

Principal, South East Offices

Q2 OVERVIEW

Welcome to Avison Young’s South East quarterly update 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. In this update we look back at Q2 which was the first full quarter to be directly affected by the lockdown measures put in place to combat the Covid-19 Pandemic.

SOUTH EAST OCCUPATIONAL OUTLOOK

Quarter 2 has been a challenge like no other across the property market, never before in modern times have restrictions been put in place that mean that offices for most of the quarter have been “out of bounds”, no inspections allowed to take place for most of April and May and, as we ended June, the vast majority of us were still part of the great work from home experiment.

James McFeely

Director, South East Offices

INVESTMENT MARKET

The key theme of Q2 2020 across all sectors has been a substantial reduction in investment transactions as investors grappled with the initial impacts of the economic shutdown.

South East key town activity

Varsity Corridor

Cambridge

Milton Keynes

Oxford

M3/M4 Towns

Basingstoke

Reading

Maidenhead

Slough

M25 Towns

Crawley

Guildford, Woking & Weybridge

Watford

Should you wish to discuss any details within this update please get in touch

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