A recent market report by Savills shows Recovery to ‘normal’ levels of activity continues.

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Summary

• Source: Avison Young
• Market: Office
• Date: Jan 2021

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Key take aways

• -2.6% on Q4
  Quarter 1 take-up of 388,300 sq ft was down just 2.6% on quarter 4 2020
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• Sub 10,000 sq ft space
  The majority of transactions are still being done on sub-10,000 sq ft space
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• + 16.4% of overall take - up
• The Department of Work and Pensions has been the most active occupier across the South East having transacted on 6 deals totalling 147,643 sq ft. Within our 10 towns they have completed 3 transactions totalling 63,770 sq ft equating to 16.4% of the overall take-up.

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View their full report here