Our View
The past 12 months has been a period of mixed fortunes for prime office rents in the Essex region, with two locations seeing rents rise, whilst the other two higher rented locations saw values slip. Both Basildon and Braintree saw prime rents increase to £25.00 and £18.00 per sq ft respectively, whilst values in Brentwood and Chelmsford slipped back to £28.00 per sq ft. Owner occupier capital values also saw a mix of experience, with Basildon seeing values rise to £275 per sq ft whilst all other locations fell back.
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