A research produced by
Q1 was a less active quarter than Q4 2012, with take-up declining to 35,000 sq ft – 65% down on the Q4 figure and 42% down on a year ago. Activity continues to be dominated by smaller enquiries.
Headline rents remained at £20.00 per sq ft in Q1, with net effective rents also unchanged on Q4 at £15.00 per sq ft.
Named active requirements increased slightly to 275,000 sq ft in Q1 and availability of Grade A space decreased marginally to 212,000 sq ft. down 9.8% on a year ago. Vacancy rate remains satble at 15.0% in Q1.
Source : Knight Frank
