INSIGHTS
UK London Office Marketbeat Reports
Access the latest quarterly commercial real estate results for the London office market. MarketBeat reports analyse quarterly market activity including, supply, demand and pricing trends.
For the data behind the commentary, download the full Q1 2025 UK London Offices Report.
READY, SET, LET – THE RISE IN FITTED OFFICES
Fitted offices are becoming increasingly common, a trend that is redefining how businesses approach their office needs. Our analysis of data from Kato, 46% of all buildings with availability in Central London have at least some of their space marketed as fitted, excluding spaces smaller than 5,000 sq ft. When these smaller spaces are included, the percentage rises to 55%. This indicates a substantial portion of the market is moving towards ready-to-use office spaces.This evolution comes as companies come up against increasing occupational costs – with the combined impact from rising rents, higher service charges and record high fit out costs. Our London Moves 2025 report also demonstrated that companies are taking more space and of better quality – raising costs further. Additionally, business rates are also set to rise by an estimated 38-49% for Central London office occupiers following the 2026 revaluation. All of these factors are putting pressure on occupiers to minimise the cost of moving offices.
One way to do this is to move into fitted space. This avoids the significant upfront capital expenditure of fitting out the space, which was found to be at a record high average of £206 psf for a medium-spec finish and up to £306 psf for high spec in our Fit Out Cost Guide. Additionally, fitted space means that occupiers can also move into the space immediately, minimising any costly double overhead periods where their former and new office leases overlap, as well as being able to enact any growth strategies quicker.
From the landlords’ perspective, fitting out space does increase risk. However, having even a single Cat B floor can help lower the void periods across the whole building, with tenants better able to visualise the space. There is also the opportunity to capitalise on a middle ground, where Cat A space is fitted out by the landlord in partnership with the occupier, spreading the cost over the term of the lease. This allows the occupier to avoid the cap ex commitment, and allows the landlord to increase their income returns – a win-win.
Q1 2025 UK OFFICES MARKETBEAT
Access Q1 2025 commercial real estate results for the offices sector.
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Contacts
Current UK MarketBeat Reports
MarketBeat
UK London Office Marketbeat Reports
Access the latest quarterly commercial real estate results for the London office market. MarketBeat reports analyse quarterly market activity including, supply, demand and pricing trends.
Kiran Patel • 08/05/2025
MarketBeat
Access the latest quarterly commercial real estate results for the UK retail sector nationally. MarketBeat reports analyse quarterly market activity including, supply, demand and pricing trends.
Edward Bavister • 06/05/2025
MarketBeat
UK Regional Offices MarketBeat
Access the latest quarterly commercial real estate results for the UK office sector nationally. MarketBeat reports analyse quarterly market activity including, supply, demand and pricing trends.
Kiran Patel • 01/05/2025
MarketBeat
UK Industrial Marketbeat Reports
Access the latest quarterly commercial real estate results for the UK industrial sector nationally. MarketBeat reports analyse quarterly market activity including, supply, demand and pricing trends.
Edward Bavister • 15/04/2025
Insight
Insights
The Rippling Repercussions of Rising Rates
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Kiran Patel • 30/06/2025
Article
Trade Shifts: U.S. Investor Demand & Healthcare
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Jack Kelleher • 22/05/2025
MarketBeat
UK London Office Marketbeat Reports
Access the latest quarterly commercial real estate results for the London office market. MarketBeat reports analyse quarterly market activity including, supply, demand and pricing trends.
Kiran Patel • 08/05/2025
Research • Workplace
National Office Moves 2025 provides comprehensive analysis of the evolving UK regional office market, focusing on occupier relocation trends across the Big Five cities — Birmingham, Bristol, Edinburgh, Leeds, and Manchester — as well as the South East throughout 2024.
Joshua Woolnough • 08/05/2025
MarketBeat
UK Regional Offices MarketBeat
Access the latest quarterly commercial real estate results for the UK office sector nationally. MarketBeat reports analyse quarterly market activity including, supply, demand and pricing trends.
Kiran Patel • 01/05/2025
Research • Workplace
London Moves 2025 is Cushman & Wakefield's detailed analysis of the who, what, where and why of office relocations across the Capital.
Kiran Patel • 24/04/2025

Research
Trade Shifts: U.S. Occupier Demand & Central London Offices
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Kiran Patel • 23/04/2025

Research • Workplace
Explore our Office Fit Out Cost Guide 2025 to budget and plan your workspace transformation in the UK effectively. Start optimising your office today!

Article
In the elderly care sector, a critical metric for stakeholders is the time required for a care home to move through its build-up (or lease-up) phase and reach mature occupancy.
Jack Kelleher • 04/03/2025
Research • Sustainability / ESG
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Jon Leedham • 26/09/2024

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Explore education activity in the UK office leasing market.
Kiran Patel • 19/04/2024

Insights • Workplace
Flexible Offices in the Changing Workplace
The following report examines the current state and the expected future of the flexible office sector for landlords, occupiers, and operators / providers across five themes.
Emma Swinnerton • 25/01/2022