The return of consistent growth in the economy has brought a marked improvement in occupier activity, with take-up in the M25 reaching 2.58m sq ft in 2013, its highest annual total since 2008, reports the latest M25 office market report from Knight Frank.
Availability has declined significantly across each of the main markets. The steepest decline was in the M4, where the vacancy rate fell to 8.3% in Q4, its lowest level in over a decade.
A resurgence of investor demand for South East offices since last summer was reflected in £1.48bn of turnover in H2 2013, the strongest half-yearly total since H2 2006.
You can download the report here: M25 Q4 2013 Final.