OVERVIEW
Our latest edition of National Office Moves 2026 External Link research shows expansionary activity is strengthening, but is increasingly constrained by a lack of high-quality supply.
Analysis of 300+ transactions across the Big Five and South East highlights a market where:
- Net Expansion: the moves analysed were net expansionary across all regions, both in terms of the number of deals and sq ft taken. 68% of relocations were expansionary, driving net absorption across all major markets.
- More and Better: 80% of the moves involved occupiers moving into Grade A space, and taking up over 500,000 sq ft more than they occupied previously.
- Post-pandemic Rebalancing: Occupiers most recently moved after the COVID-19 pandemic, have overwhelmingly taken more space in 2025.
- Supply constraints are shaping the market: Grade A availability across most markets sits below one year’s supply, limiting occupier choice and delaying transactions.
WATCH FILM
An introduction to National Office Moves
This short film consolidates our key findings and explores how this plays into current landlord and occupier activity in the market - hosted by Charles Dady Head of National Office Leasing, with June Koh, Head of Workplace and Transformation - EMEA , and Joshua Woolnough, National Office Research.
What does this mean for your portfolio, pipeline or investment strategy?
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