Key takeaways include:
-Take-up for office space in the UK Markets totalled 402,500 sq ft. This represents a fall when compared to the previous period (1.5m sq ft), and on the corresponding quarter in 2019 (1.8m sq ft).
-However, Q2 is likely to be a low point, with gradual recovery expected from Q3.
-Over the last 12 months, the creative industries sector has accounted for the largest proportion of take-up at 27%, led by BT.
-Availability across the UK Markets increased by 4% between Q1 and Q2 2020 to stand at 12.9m sq ft. There were increases in the availability of both secondhand space (to 9.8m sq ft) and new space (to 3.1m sq ft).