
Spotlight: Savills Prime Office Costs – Q2 2022
"Inflation of additional costs is becoming a key factor for firms looking to take prime office space while hybrid working continues to change the world of work"
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"Inflation of additional costs is becoming a key factor for firms looking to take prime office space while hybrid working continues to change the world of work"
"Rising construction costs begin to squeeze developer margins amid occupier shift to more sustainable office space"
"The life science and technology sectors remain key drivers of the commercial property markets in Cambridge. For 2021, Cambridge sat within the Top 10 of global cities in terms of the level of venture capital raised. An exceptional achievement for a city that is just a fraction of the population size of the others within the Top 10"
"The global reputation of Oxford has increased even further during the past 18 months. A driver of this is the significant capital raised by Oxfordshire-headquartered companies. This ensures that occupational demand will increase in the short-to-medium term"
"Projects costs and duration continue to rise"
"Central London office take-up predicted to reach 8.2 million sq ft in 2022 as most occupiers look to maintain or add space"
"The gap widens between landlord and tenant space, and under offers reach a record high"
"Prime regional office yield moves in by 25 basis points"
"What are the proposed legislation changes, and how will this impact the UK office market?"
"The recovery in demand continued with take-up recorded at the end of Q3 2021 above the total recorded in 2020 and 13% above the first three quarters of 2019"