Welcome to our latest newsletter
Bromwich Hardy
Midlands commercial property specialists - nine time winners of EG Most Active Agent and Dealmaker of the Year
Since it’s nearly Christmas, let’s start with some good news.
New figures from CoStar show the UK’s office occupier market sprang to life again in November as take-up jumped to a four-year high.
CoStar data shows that national office take-up more than doubled last month, with 1.7million square feet of space leased across the nation.
It’s a picture reflected right across our region, as employers rethink their office offerings in the wake of the pandemic.
We know that there has been a significant rise in demand for offices of 20,000 sq ft or more across Warwickshire, alongside a general rise in interest in offices of 5,000 sq ft or more.
Taken together, they are statistics which should finally lay to rest the doomsayers who predicted the death of the office market a couple of years ago. They show that in this hybrid working world, employers have never been more aware that the space they offer their staff has to be modern, sustainable and somewhere they want to be.
It is a trend we expect to continue throughout 2023.
Can we take this opportunity to wish you a very merry Christmas and happy, healthy and prosperous new year.?It’s a real privilege for us to work alongside so many fantastic businesses across the region and further afield, and we look forward to being by your side again in 2023 to help bring the commercial success you deserve.