Research
Western Corridor Office Market Dynamics, Q4 2024
Summary and analysis of the Western Corridor's current office real estate market conditions.
February 21, 2025
Contributors:
- Elaine Rossall
- Vicky Heath
- Barrie David
Annual take-up totalled 1.76 million sq.ft. and was 7% above the 5-year average.
The TMT and manufacturing sectors were most active in 2024, accounting for 24% and 20% of all take-up, respectively.
There is 904,100 sq.ft. currently under construction across the region, with 207,500 sq.ft. already pre-let.
Prime rents increased by 4.3% year-on-year with growth led by Basingstoke and Reading town centre.
