The last quarter of 2014 saw a surge in activity in the Thames Valley office market, according to a report issued by national property consultancy, Lambert Smith Hampton, today.
Following a steadying of the volatility of the office market in Q3 of 2014, Q4 built on this with significant growth in demand in both the occupier and investment markets. A shortage of supply, particularly high end grade B space, has become apparent and we expect a resulting increase in competition and rental values in 2015.
Nick Coote, Head of the Thames Valley for Lambert Smith Hampton, comments: “The surge in office take up during Q3 and Q4 of 2014 has re-energised the Thames Valley occupational market. As a result, we enter 2015 with renewed confidence, forecasting a robust market with continued upward pressure on office rental values.”
