Office Market Review

Demand Q1 2024

The table of recent relocations in our Q1 2024 Office market Review may give the impression that the market is brisk. However, many of these cases are tenants either: a) Downsizing or b) Rightsizing or c) Consolidations d) Enforced Relocations or e) Re-stacking within the same building.

It is important to acknowledge that the net take-up of space in the overall market is much more modest than would appear, with the general occupancy rates of most buildings still very high, since the majority of existing tenants have extended their current leases.

Net take-up of space more modest than would appear

Office Market Review

Q1 2024

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Contents include:

• Recommended Leasing Options
• Latest Rental Rates
• Future Office Developments

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