Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}
Sector Resilience in Office Space Sector Resilience in Office Space

Regional UK Office Market: Sector Resilience

14/06/2021
This research examines the resilience of key business sectors in the regional UK office space market and includes a UK Regional Risk Index.  

This Sector Resilience research examines and compares the exposure to risk for key business sectors, and the impact this risk will have on their decision-making process in relation to office space take-up in the UK regions.  

We weigh the exposure to sector risk in each of the UK’s largest regional cities to create a ranking, the UK Regional Risk Index. 

The research analyses the following industries: 

Financial ServicesManufacturing & EnergyProfessional Services, Flexible WorkspaceMediaInsurancePublic SectorLegalTech

 

Key findings

  • Office-using businesses are facing increasing risk from Brexit and COVID-19 related uncertainty
  •  There are a number of key business sectors that are less exposed to risk, or in other words, more resilient than others.
  • UK cities with less exposure to the riskier sectors may experience an earlier and stronger return of occupier demand post-COVID while those with increased exposure may take longer to return to pre-COVID levels.
  • Cities with dominant low-risk business sectors in the take-up profile could see a relatively early return of occupier demand. 

 

What are the business risks to the UK’s largest regional office markets?

Cushman & Wakefield identifies the current four risks prevalent across all office markets as: 

Sector Resilience Body Image

  1. Competition - The sensitivity to competition from disruptors, innovation, online rivals or overseas businesses.  
  2. Location - Sensitivity to cost-saving pressures of moving outside traditional geographic locations, either within the UK or to an overseas location. Brexit is a key example of this, as is the impact of working from home policies in response to the pandemic.  
  3. Regulation - Sensitivity to revenue loss from regulation and compliance challenges, either from within the UK or from overseas. Again, Brexit is a key example of this, impacting certain sectors more than others, such as Financial.  
  4. Economic - Sensitivity to changes in economic growth, either from normal cycle movements, or from other phenomena (e.g. COVID-19).  

Read the report to find out how each regional UK city and sector scored, and which we found were the most resilient. 

RELATED INSIGHTS

Research • Insights

Summary of 2018 on Poland’s regional office markets

Global real estate services firm Cushman & Wakefield has summarized 2018 on Poland’s regional office markets.
26/02/2019
Research • Insights

Retail grows in small cities

Global real estate services firm Cushman & Wakefield has published a report “MARKETBEAT – Retail Market in Poland – Q1 2019”.
Anna Oberc-Krzycka • 15/05/2019
Research

$name

Property Investor Confidence Index
Research • Economy

Property Investor Confidence Index

The Property Investor Confidence Index has been issued since 2008, with the purpose to gather indicators of market sentiment rather than to produce scientifically proven data.
08/02/2022
High rise offices, skyline view, Warsaw, Poland
Research • Coworking

Warsaw's office stock nears 5.5 million sq m

Global real estate services firm Cushman & Wakefield summarises the Warsaw office market in Q1 2019 in its latest report “MARKETBEAT – WARSAW OFFICE MARKET IN Q1 2019”.
Mark Freeman • 14/05/2019
new office in Porto, Portugal
Research • Workplace

Porto Office Market

Porto office property market activity - stock, demand and future perspectives.
 
23/01/2019
Retail Food Hall
Research • Retail

Transparency In Retail

The global pandemic, lockdown and social distancing and hygiene measures have transformed our shopping habits. Our analysis points in the direction of an acceleration in retail towards omni-channel models.
 
Ramiro Rodríguez • 20/05/2020
Liège
Insights • Office

Liège, Wallonia’s main office destination in 2019

Liège was Wallonia’s main office destination in 2019. Therefore, with the help of our local expert, Stéphane Moermans, Head of our Wallonia Office at Cushman & Wakefield, we look at the reasons behind the important surge of activity in Liège.
Shane O'Neill • 20/03/2020
Europe on globe, Linköping, Sweden
Research • Investment

European Forecast & Fair Value Index

The latest data insight on commercial real estate investment opportunities across Europe.
18/05/2021
Research • Insights

Yield compression decelerates in European commercial real estate markets with weaker rental growth forecast

The pace of yield compression decelerated across Europe’s commercial real estate markets in the first quarter of 2019, according to Cushman & Wakefield’s latest DNA of Real Estate report.
15/05/2019
Research

$name

What's new

Buildingsangle750x456
Cushman & Wakefield’s Asset Services Launches Operational Asset Management Solutions In EMEA

Cushman & Wakefield’s Asset Services business has extended its service offering in EMEA to include operational asset management solutions alongside property management, ESG, placemaking and related asset services.

31/05/2022

Storage World
Hot Housing Market And Multigenerational Living Drive Record Boom For Self-Storage

Cushman & Wakefield and the Self Storage Association UK launch 16th annual industry report.

20/05/2022

DTZ Mitcham
DTZ Investors Delivers Strong Performance On Last Mile Estates Sales to Valor REP for £70.7 Million

DTZ Investors (DTZI) has completed the sale of two Greater London multi-let industrial estates for a combined £70.7 million to specialist industrial investor Valor Real Estate Partners.

19/05/2022

Inflation Impact
How will inflation impact the UK and Irish economies and commercial real estate markets? – CLIENT BREAKFAST BRIEFING

UK team host over 300 clients at a hybrid breakfast briefing about the impacts of inflation with Professor of Globalisation & Development at Oxford University, Professor Ian Goldin.

10/05/2022

Building Health Checklist card image
Cushman & Wakefield Expands EMEA Project & Development Services Team With Senior Appointments

Cushman & Wakefield has made several senior appointments to its Project & Development Services (PDS) EMEA team, boosting client account management capabilities across its regional business.

05/04/2022

woman on sofa talking to colleagues gathered around
Cushman & Wakefield UK Announces Further Declines in Gender and Ethnicity Pay Gaps

Cushman & Wakefield has further reduced its mean UK gender pay gap to 29.2% in 2021, as the firm continues to progress its commitment to supporting a diverse and inclusive workplace.

04/04/2022

residential apartment block
Cushman & Wakefield’s UK Residential Team Continues Expansion With Four Hires

Cushman & Wakefield has announced four appointments enhancing the Residential capabilities within its UK Specialist Markets team.   

Richard Coleman • 21/03/2022

Nyear Yaseen joins Cushman & Wakefield
woman on sofa talking to colleagues gathered around
Cushman & Wakefield UK Announces Further Declines in Gender and Ethnicity Pay Gaps

Cushman & Wakefield has further reduced its mean UK gender pay gap to 29.2% in 2021, as the firm continues to progress its commitment to supporting a diverse and inclusive workplace.

04/04/2022

Building Health Checklist card image
Cushman & Wakefield Expands EMEA Project & Development Services Team With Senior Appointments

Cushman & Wakefield has made several senior appointments to its Project & Development Services (PDS) EMEA team, boosting client account management capabilities across its regional business.

05/04/2022

Storage World
Hot Housing Market And Multigenerational Living Drive Record Boom For Self-Storage

Cushman & Wakefield and the Self Storage Association UK launch 16th annual industry report.

20/05/2022

Padgate Campus (image)
Prime Residential Development Opportunity For Sale In Warrington

The University of Chester has instructed Cushman & Wakefield to launch the sale of the Padgate Campus, Warrington, comprising approximately 33 acres of land.

08/04/2022

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS