The UK office market is undergoing a structural shift. A constrained development pipeline, rising costs and evolving occupier expectations are reshaping how and where value is created.
Our latest report, The Office Equation, identifies a clear imbalance: 16.9m sq ft of new supply versus 33.3m sq ft of Grade A demand by 2030, creating a 16.4m sq ft shortfall.
This is driving a reallocation of demand across the market and creating an opportunity in well-positioned secondary assets.
For investors and developers, the opportunity lies in:
- Capturing displaced demand through repositioning strategies
- Delivering rental growth in supply-constrained locations
- Targeting income-driven returns in a higher-for-longer rate environment
- Leveraging refurbishment as a lower-capital route to value creation
