Nearly 1m sq ft of office space is under offer in the South East market, Strutt & Parker has calculated.
The agent said there was 975,000 sq ft of space under offer, which represented 17% of the total demand for the area.
Demand will further boost sentiment following a positive third quarter, which saw take-up reach 716,000 sq ft – a 73% rise on the previous quarter.
Ed Smith, head of national markets office agency at Strutt & Parker, said: “Our findings suggest that if all of the space that is currently under offer completes by the end of Q4, the total take-up for 2014 will reach at least 2.8m sq ft.”
He added: “While this means that 2014 will not replicate the heady heights seen in 2013, it is in keeping with the five-year average and will instil further confidence in South East locations where new developments and refurbishments are being considered.”
joanna.bourke@estatesgazette.com
