Offices

"Underlying demand remains strong with space under offer at its highest point in over a year"

"Landlords taking advantage of falling yields to not chase high rents"

"Take-up remains above the long-term average, whilst space under offer increases"

"Savills forecast 825,000 sq ft of office space will be taken up during 2018"

"Almost all of the evidence suggests that, for the next two to three years, office space will become even scarcer and correspondingly more expensive. Office occupiers would be well advised to prepare accordingly and develop strategies to deal with an even more acute supply shortage. Going forward, from 2020/21 the outlook is more unclear simply because we do not currently know how strong the growth in supply will be at that point. In addition, there are a number of factors (greater efficiency of space via co-working, slower urban growth and the ageing population) which are highly likely to result in slower growth in demand for office space, albeit this is almost impossible to quantify specifically owing to the complexity of the circumstances."

"We forecast the sub 5,000 sq ft market to strengthen through 2018, boosting total office take up to 1.8 million sq ft during 2018"

"Take-up in Q1 2018 reached 690,000 sq ft, which was 11% below Q1 2017"

"At end April 2018, Leeds office investment volumes have reached £112m, already 12% above the 2017 total. With strong investor demand, we expect yields to hold firm at 5% this year"