Databook Q1 2017: Recognising 10 years of intelligent insight

Recent data reinforces depth of demand and significant rental growth across the Glenny region Today we've launched the 10th Anniversary edition of our Databook. The last decade, for our industry, has seen turbulent times with the worst financial crisis since the 30's and the UK electorate voting to leave the EU. Despite this the commercial property market has remained comparatively robust. Our latest research shows that rents are continuing to rise strongly, with prime rental growth across our region averaging 7.4% in the industrial sector and 11.5% in offices over the past 12 months. Supply remains our major concern, with office availability down to 5.0% of total stock and industrial availability at a staggeringly low 2.4%. This has prompted a number of occupiers to commit to pre-lets and last year saw Amazon signing up to 2.2m sq ft of warehousing at London Distribution Park in Tilbury, whilst Cancer Research and the British Council are both considering office moves to Stratford's International Quarter. The next 12-24 months are likely to be a period of considerable change and we look forward to reporting on the great opportunities that this will bring within our region to investors and occupiers alike. For the full, detailed report click here