Commercial Property Market Review | May 2024
31/05/2024
According to JLL, London’s central office market in January to March saw the lowest quarterly leasing activity since Q1 of 2021, with 1.5m sq. ft transacted, nearly a third (31%) lower than the Q1 10-year average of 2.2m sq. ft. Investment volumes in the UK commercial market saw a monthly increase of 56% in March, hitting £4.7bn according to Savills – the highest point since March last year. Amazon is set to build a £500m next-generation warehouse in Northampton – the new building is expected to be around 2m sq. ft, with three floors of robotics that will pick customer orders.
The latest news on the commercial property market can be found in our May Commercial Property Market Review.
