Metropolis Movers – A 2018 Review

Metropolis ran over 6,500 business leads on ‘office movers’ in 2018. If all reported moves were added together the total would exceed 100 million sq ft of office searches and transactions, researched by Metropolis’ unique market-led intelligence research team, during the year.

London was the largest region with 2,850 business leads during the year, but there were also strong showings from the South East (710), North West (650), Yorkshire (525), Scotland (441). Financial services, IT and business services were the largest business sectors planning relocations or agreeing moves during the year.

The relocation leads geographically covered the whole UK and provided details of the size of the office occupier, company 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 and top picks amongst the 2018 leads, included those on occupiers Facebook (new London HQ), AstraZeneca (Cambridge base), Chinese Embassy (new London HQ), Barclays Bank (Manchester and Glasgow campuses), WPP (new London base), Jane Street Capital, McCann Worldgroup and many, many more.

The 2018 leads included nearly 1,800 ‘identified requirements’, including 1,100 in London. Which means that the company confirmed to researchers that it has current or future plans to search for alternative office space. Of these 1,800 searches, nearly 1,200 were newly posted office searches, not previously notified to clients.

The research over the year also included 1,900 ‘potential movers.’ These were mainly longer-term leads on occupiers, considering a future relocation, but the occupier has yet to make a final decision on whether to search.

Most of the remaining stories covered companies that have just 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 late 2022.

Research by Metropolis during the year, concluded that a conservative estimate of ‘live’ business tender opportunities on the database in recent months, exceeded £1bn of business.

If you would like some information on flexible Metropolis subscription packages, then please email Andy or Paul at andy@metroinfo.co.uk or paul@metroinfo.co.uk, mentioning ‘Metropolis Blog’

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