The Southeast and Greater London office market has recorded its highest volume of first quarter through third quarter take up since 2019, amid occupier activity to secure requirements given ongoing supply constraints, according to Knight Frank. This year has seen 2.7 million square feet of take up, 15 percent higher than the same period in 2024 and 20 percent above the long-term average. The third quarter saw 806,000 square feet of leasing deals, representing a 4.2 percent quarter-on-quarter increase.
Reading has been the busiest market, accounting for 19 percent of Southeast and Greater London office take up this year. The Greater Reading area has recorded 499,562 square feet of leasing activity thus far, which is 17.5 percent higher than first quarter through third quarter 2024 and a 56.6 percent increase on the long-term average, underpinned by large occupier demand for its new developments.
USS Investment Management’s 58,179-square-feet letting to estate agency C
