Take-up of Southeast offices reached 1.4 million square feet in the first half 2025, the highest half-yearly take-up for the region since 2019 and a 3 percent increase on the same period last year, according to CBRE.
More than 761,000 square feet was realized in the first quarter, with take-up in second half totaling almost 600,000 square feet. In second quarter specifically, the Thames Valley market accounted for 61 percent of take-up, totaling 362,600 square feet. The M25 markets accounted for the remaining proportion.
Take-up of secondhand space fell quarter-on-quarter by 12 percent but continued to account for the largest proportion of total take-up at 71 percent. Two of the three largest deals in second quarter were for secondhand space; however, the largest deal was for new space, with the Premier League taking more than 73,000 square feet.
At a sector level, the consumer services and leisure sector took the most space in the second quarter, accounting for
