Avison Young | UK Offices reposted this
📊 Q2 2024 regional office market update out now! 📊 Our latest report reveals that office take-up across the Big Nine cities reached 1.63 million sq ft in Q2, 16% below the 10-year average. However, there’s positive news on the rental front—Birmingham, Bristol, Leeds, Liverpool, and Manchester all saw increases in their prime rents this quarter, driving the Big Nine average prime rental growth to an impressive 7.77%. On the investment side, volumes dropped by 47% compared to Q1, totaling £172 million. Glasgow led the way, representing 40% of the Big Nine’s transaction volumes. Notably, prime yields held steady at 6.94%. Read the full report here: https://ow.ly/Jcz350T7k0s #RealEstate #OfficeMarket #PropertyInvestment #BigNine #MarketTrends