Knight Frank: South east vacancy rates lowest since 2001

Posted on by

Vacancy rates for office space in the south east are at their lowest since 2001.

The research by Knight Frank says that availability within the M25 was down 13% in the first quarter of 2015 compared to a year earlier.

The M25 vacancy rate for 2015 Q1 stood at 5.9%, falling to just 4.2% when only new and Grade-A office space is considered.

Emma Goodford, head of national offices leasing team, Knight Frank, commented: “2015 has started positively supporting our view that take up in the M25 will be almost 30% ahead of 2014, and above the ten year average.

“Vacancy levels are heading towards crunch point in combination the market seeing rental growth across a growing number of key centres.  In some cases rents are now at an all-time high- motivation for occupiers to identify and secure the best space now. The election has removed uncertainty and will drive demand.”


This entry was posted in London. Bookmark the permalink.