As supply dwindles in all of the UK’s major office markets, could now be the time for developers to start building speculatively?
Office space is running out. And fast. The latest data from EGi shows that across the UK’s major cities there is just 41m sq ft of available office space.
The major cities all have less than four years’ supply left. London and Birmingham have less than two years. And with occupier demand increasing, office space being lost to residential under permitted development rights, and the planning system continuing to be a long and slow process, is now the time for developers to start building speculatively?
