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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CBRE Group. (May 18, 2022). 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) [Graph]. In Statista. Retrieved July 04, 2022, from https://www.statista.com/statistics/1129814/office-property-take-up-by-city-united-kingdom-uk/
CBRE Group. "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)." Chart. May 18, 2022. Statista. Accessed July 04, 2022. https://www.statista.com/statistics/1129814/office-property-take-up-by-city-united-kingdom-uk/
CBRE Group. (2022). 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). Statista. Statista Inc.. Accessed: July 04, 2022. https://www.statista.com/statistics/1129814/office-property-take-up-by-city-united-kingdom-uk/
CBRE Group. "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)." Statista, Statista Inc., 18 May 2022, https://www.statista.com/statistics/1129814/office-property-take-up-by-city-united-kingdom-uk/
CBRE Group, 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) Statista, https://www.statista.com/statistics/1129814/office-property-take-up-by-city-united-kingdom-uk/ (last visited July 04, 2022)
