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Office vacancy rates in the city centers in the UK Q4 2019-Q4 2020, by city

Published by Statista Research Department, Jun 16, 2021
As of the fourth quarter of 2020, office vacancy rates in Manchester were 13.8 ten percent. Vacancy rates is the percentage of available office rental units that are vacant or unoccupied during a given time. High vacancy rates in a city can mean that supply is outweighing demand or that the quality of particular properties available not meeting the desired demands of the rental market. In 2020, office markets in many cities saw vacancy rates increase as a result of the decline in leasing activity due to the the coronavirus (COVID-19) crisis.

Office vacancy rates in city centers in selected cities in the United Kingdom (UK) in 4th quarter 2019 and 2020

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Source

Release date

February 2021

Region

United Kingdom

Survey time period

Q4 2019 and Q4 2020

Supplementary notes

* Figures refer to the respective city centers.

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