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Office property take-up in the UK Q1 2020 and Q1 2021, by market

Published by Statista Research Department, Jun 14, 2021
As of the first quarter of 2020, Central London had close to 2.4 million square feet of office real estate take-up, making it the UK's largest office market. In 2020, leasing activity dramatically decreased under the effects of the coronavirus (COVID-19) crisis and as of the first quarter of 2021, take-up was significantly lower in most markets. London City's take-up, for example, fell from 1.34 million square feet to less than 0.6 million square feet between the first and fourth quarter of the year.

Among UK regional cities, the leaders were Manchester, Leeds, and Bristol. In terms of year-on-year growth in take-up, Southampton led the ranking.

Take-up of office real estate in selected markets in the United Kingdom in 1st quarter 2020 and 1s quarter 2021 (in 1,000 square feet)

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Source

Release date

May 2021

Region

United Kingdom

Survey time period

Q1 2020 and Q1 2020

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