Take-up of office real estate in the UK declined in most markets in the fourth quarter of 2023, with Docklands seeing the largest drop in demand. In Belfast, the volume of office space transacted increased 85 percent year-on-year, making it the city with the most increase. London city - the largest office market in the UK - also experienced growing demand, with take-up rising 48 percent in the fourth quarter of the year.
Year-on-year percentage change in office real estate take-up in selected cities in the United Kingdom (UK) in 4th quarter 2023
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CBRE Group. (February 8, 2024). Year-on-year percentage change in office real estate take-up in selected cities in the United Kingdom (UK) in 4th quarter 2023 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1129824/office-property-take-up-change-by-city-united-kingdom-uk/
CBRE Group. "Year-on-year percentage change in office real estate take-up in selected cities in the United Kingdom (UK) in 4th quarter 2023." Chart. February 8, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1129824/office-property-take-up-change-by-city-united-kingdom-uk/
CBRE Group. (2024). Year-on-year percentage change in office real estate take-up in selected cities in the United Kingdom (UK) in 4th quarter 2023. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1129824/office-property-take-up-change-by-city-united-kingdom-uk/
CBRE Group. "Year-on-year Percentage Change in Office Real Estate Take-up in Selected Cities in The United Kingdom (Uk) in 4th Quarter 2023." Statista, Statista Inc., 8 Feb 2024, https://www.statista.com/statistics/1129824/office-property-take-up-change-by-city-united-kingdom-uk/
CBRE Group, Year-on-year percentage change in office real estate take-up in selected cities in the United Kingdom (UK) in 4th quarter 2023 Statista, https://www.statista.com/statistics/1129824/office-property-take-up-change-by-city-united-kingdom-uk/ (last visited August 24, 2024)
Year-on-year percentage change in office real estate take-up in selected cities in the United Kingdom (UK) in 4th quarter 2023 [Graph], CBRE Group, February 8, 2024. [Online]. Available: https://www.statista.com/statistics/1129824/office-property-take-up-change-by-city-united-kingdom-uk/