2023-10-16-莱坊-UK_Cities_Newcastle_Q3_2023_1页_298kb

Newcastle Office Market Q3 2023 Quarterly Summary

Key Metrics Overview:
Q3 2023 Investing activity showed significant demand, with an overall take-up of 80,000 units in office markets. Professional services dominated as the most active sector, accounting for 62,642 square feet across 9 deals. Grade A vacancy rates held steady at 9%, and prime rents averaged £32.00 per square foot, with stable yields at 7%. Under construction investment volumes are anticipated for schemes completing between 2023 and 2025.