Office property take-up in the UK Q1 2021-Q1 2022, by market

Published by Statista Research Department, Jun 13, 2022
Under the effects of the coronavirus (COVID-19) pandemic, the office real estate sector in the United Kingdom (UK) suffered a drastic decline in take-up. Nevertheless, the first quarter of 2022 witnessed much higher take-up compared to the same quarter in 2021. In the UK's biggest market, London City, the take-up rate rose from 681,000 square feet to almost 1.1 million square feet during this period. Among UK regional cities, the leaders were Bristol, Manchester, and Aberdeen. In terms of year-on-year growth in take-up, Aberdeen led the ranking.

Take-up of office real estate in selected markets in the United Kingdom in 1st quarter 2021 and 1st quarter 2022 (in 1,000 square feet)

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Release date

May 2022

Region

United Kingdom

Survey time period

Q1 2021 and Q1 2022

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