2022-05-10-莱坊-M25_Key_Markets_2022_12页_1mb

M25 and South East Office Market Report Summary

• Blackwater Valley: 2021 saw half of usual office uptake. Defence and aviation companies are expanding, increasing demand. Supply is shrinking (39% YoY), prime rent is £29.00. Notable investments: Siemens and Cinch Cars.

• Bracknell: Average deal size under 10,000 sq ft, reflecting a shift to flex. All new deals are Grade A. Headline rent £30.00. Future supply limited (173,000 sq ft). Tech and healthcare firms active.

• Brighton: Hotspot for TMT, with high demand and tight supply. Prime rent £37.50, potential to rise to £40.00. Potential demand 968,285 sq ft, supply 156,391 sq ft (up 141% YoY). No suitable space for crypto firms.

• Cambridge: High demand in life sciences sector. Supply down 27% YoY, potential demand 1,081,390 sq ft. Prime rent £48.50. BioMed Realty and other investors active.

• Crawley/Gatwick: Mixed market post-retail decline. Headline rent £28.00. Supply limited (529,079 sq ft), potential demand 835,697 sq ft. Future supply minimal (77,000 sq ft).

• Guildford: Gaming sector main driver, high demand. Prime rent £37.00, could rise to £40.00. Potential demand 768,241 sq ft, supply 164,594 sq ft (down 9% YoY).

• Maidenhead: Part of Oxford Triangle, life sciences growth. Rent £41.00, peak at £35-£40.00. High potential demand (1,081,390 sq ft). Thomas White's development pipeline.

• Reading: Split market between premium and flexible. Prime rent £40.00. Potential demand 3,036,729 sq ft, supply 1,343,778 sq ft (up 8% YoY).

• Slough: Focus on tech and life sciences. Acquisitions and developments. Prime rent £37.00. Potential demand 883,861 sq ft, supply 519,395 sq ft (down 25% YoY).

• Staines/Uxbridge: Quality demand from large firms. Uxbridge: steady growth, prime rent £35.00. Staines: competition for tenants, rent £34.00-£35.00.

• Watford: Primary Hertfordshire office hub. New developments may push rents to £60.00. Prime rent £37.50. Potential demand 709,402 sq ft, supply 325,345 sq ft (up 11% YoY).

• West London: Premium real estate growth. Wimbledon: high potential rent (up to £60.00), strong appeal.

• Woking: Rising as key South East market, attracting new occupiers. Prime rent £37.50, potential demand 2,803,613 sq ft.