Metropolis Movers May Round Up

Metropolis ran 641 ‘movers’ in the month of May 2017. If all moves were added together the total would exceed 20 million sq ft of office searches and transactions, researched by Metropolis’ unique market led intelligence team. London was the largest region with 296 leads during month, but there were also strong showings from the South East (69), North West (57) and Yorkshire(54). Financial services and media were the two largest business sectors planning relocations or agreeing moves.

The business leads covered the whole UK and provided details of the size of the office occupier, its likely move dates, a description of the reasons for the move, its business sector and full contact details including an address for written inquiries, at least one telephone number and in most cases an email address. Some of the largest planned moves amongst the 600 leads included leads on Barclays, British Airways, AMEX and HMRC.

The May 2017 leads included 212 ‘identified requirements‘. Which means that the company confirmed to researchers that it has current or future plans to search for alternative office space. Of these 212 searches, 112 were new office searches, not previously notified.

The most recent research also included 173 ‘potential movers’ which were mainly longer-term leads on occupiers which are considering a relocation, but have yet to make a final decision on whether to search.

Most of the remaining stories covered companies that have signed for new office space and have set a move date, including some large pre-lets and companies inviting tenders for fit-out contracts. The shortest planned move date is just over a month away, whilst the longest was mid 2020.

If you would like some information on flexible Metropolis subscription packages, then please email Simon at simon@metroinfo.co.uk

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Cityoffices.net, the sister property leads service to Metropolis, saw a further 30 stories posted in May, covering new development opportunities planning applications, consents, construction starts and development teams in London and major cities. The database now covers over 200 office schemes in the pipeline for construction starts in 2017-2020.

For more information on Cityoffices, email Andy at andy@metroinfo.co.uk

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