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What occupiers want. Office market review 2014
Posted on: 14 May 2014
By: mackene
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Filed under: News
The latest edition of Lambert Smith Hampton’s annual Office Market Review predicts that take-up across the UK could reach 30m sq ft this year, despite preliminary figures revealing that 2014 got off to slow start. The report finds that take-up in 2013 increased by 33% to 25.6m sq ft, the highest level since 2007. This activity is being driven by businesses seeking additional space for expansion as well as the natural turnover created by occupiers reaching the end of their leases within obsolete stock. The authors expect Central London and the larger regional markets such as Manchester, Birmingham, Glasgow and the Thames Valley to be the main beneficiaries of growth during 2014.
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