4000 office moves for 2018-19
January 11, 2018 Leave a comment
Metropolis has broken new records after 7,200 office business leads were published in 2017. If all the office space contained within those leads were added together the total would top 200 million sq ft.
Covering office deals agreed, companies searching for space, those with potential requirements and a small number of key speculative schemes, the 7,200 leads covered the whole UK from the tip of Cornwall to the north of Scotland. Office sizes ranged from 1,500 sq ft for 10 staff to Google’s new 800,000 sq ft London HQ.
Key points:
- 2,700 company office moves confirmed to have completed in 2017;
- 3,200 office moves are planned for 2018 and 890 office moves already planned in 2019 or later;
- 3,000 companies, including 1,300 with ‘identified requirements’ expect to be making property decisions in 2018 and 2019;
IT and media services is the largest sector (800 leads) followed by financial services (600 leads) and professional, including large numbers of accountants and law firms (450 leads). Although the leads are spread over all UK regions, the size of the London office market, means that over 40% of the leads feature relocations, both scheduled and planned in central London. All leads include contact names, telephone numbers and 75% have email addresses, many of which are specific to the decision maker.
Metropolis remains the largest specialist provider of market intelligence led, office market business leads.
Recent research by Metropolis concluded that a conservative estimate of ‘live’ business opportunities on the database in recent months exceeded £1bn of business.
If you would like some information on flexible Metropolis subscription packages or to discuss a trial, then please email Simon at simon@metroinfo.co.uk
London Office Market Analysis
February 1, 2018 Leave a comment
Estates Gazette has just published in analysis of the London office market in 2017. The main conclusions include:
Metropolis forecasts that the rising volume and proportion of new build letting transactions will sustain the fit-out and office equipment supply markets in 2018-19.
Cityoffices.net forecasts a strong pipeline of new schemes (there are over 200 in the pipeline of 20,000 sq ft or more) seeing construction starts in 2018.
Filed under CityOffices.net News, Market Comment, Metropolis Market Reports Tagged with 2017, 2018, Cityoffices.net, grade A new space, London office market, Metropolis, movers, office construction, relocation, rents, report, sector analysis, take-up