18 key Towns | Take-up (Rolling 12 months to 31st March 2023) | Change (compared to rolling 12 months to 31st March 2022) | Vacancy Rate as at 31st March 2023 | Change (compared to 31st March 2022) | Prime Rent as at 31st March 2023 | Change (compared to 31st March 2022)2 | Take-up by Grade (Rolling 12 months to 31st March 2023) | Supply by Grade (Rolling 12 months to 31st March 2023) | Typical Rent Free Period as at 31st March 2023 | Lease expiries 2023 - 2025 | Development pipeline (delivery before Jan 2026) | Rent Projection (end of 2023) | ||||
New/PreLet | A | B | New/PreLet | A | B | |||||||||||
Blackwater Valley | 136200 | 1.57 | 6.8 | 170 | 29 | 0 | 0 | 109100 | 27100 | 0 | 405100 | 43500 | 27 | 797700 | 186000 | 29 |
Bracknell | 35800 | 0.54 | 10.9 | 390 | 31 | 0.03 | 0 | 36800 | 0 | 0 | 291500 | 52500 | 24 | 573200 | 25000 | 31 |
Brighton | 137900 | 5.43 | 2.4 | -90 | 40 | 0.07 | 83100 | 28700 | 26000 | 10400 | 29900 | 72300 | 18 | 357700 | 100600 | 41 |
Cambridge | 336600 | -0.1 | 3.8 | -180 | 62.5 | 0.19 | 65600 | 265400 | 5500 | 0 | 382700 | 11400 | 15 | 1546200 | 2290700 | 70 |
Crawley/Gatwick | 189900 | 4.86 | 13.8 | -490 | 32.5 | 0.16 | 0 | 155900 | 34000 | 24300 | 138100 | 237600 | 24 | 644700 | 0 | 33 |
Croydon | 50200 | 1.15 | 7.5 | 110 | 40 | 0.01 | 0 | 34300 | 16000 | 0 | 220100 | 265200 | 21 | 965000 | 48600 | 45 |
Guildford | 60100 | -0.45 | 5.8 | 120 | 40 | 0.08 | 0 | 39100 | 21000 | 0 | 177400 | 30700 | 24 | 446100 | 130000 | 41 |
Heathrow | 142000 | -0.14 | 23.6 | -130 | 38 | 0.03 | 0 | 134600 | 7500 | 0 | 527000 | 310700 | 27 | 701500 | 125000 | 38 |
Maidenhead | 124300 | 0.38 | 7.9 | -70 | 43.5 | 0.06 | 55600 | 45500 | 23300 | 52400 | 368100 | 0 | 24 | 726400 | 129100 | 46 |
Oxford (Town Centre) | 202000 | 0.3 | 6.1 | 70 | 62.5 | 0.29 | 95300 | 100700 | 6000 | 73100 | 253800 | 57200 | 15 | 836500 | 1561000 | 69 |
Reading | 212900 | 0.01 | 14.8 | 240 | 43.5 | 0.09 | 0 | 201900 | 11000 | 238400 | 1047800 | 311400 | 24 | 2447400 | 676500 | 47.5 |
Slough | 65800 | -0.19 | 17.9 | 0 | 37 | 0 | 8500 | 57400 | 0 | 121300 | 397900 | 0 | 30 | 535000 | 0 | 37 |
Staines | 38300 | -0.63 | 7.4 | -120 | 36.5 | 0.04 | 0 | 34200 | 4100 | 0 | 168800 | 22500 | 30 | 349400 | 0 | 36.5 |
Uxbridge | 36400 | -0.61 | 11.7 | -90 | 36 | 0 | 0 | 36400 | 0 | 27300 | 307500 | 0 | 30 | 642400 | 85400 | 36 |
Watford | 61900 | -0.47 | 11.7 | 170 | 40 | 0.07 | 0 | 59700 | 2200 | 63800 | 221600 | 94200 | 24 | 692100 | 387000 | 42 |
West London | 272500 | 0.07 | 7.7 | -160 | 62 | 0.01 | 22400 | 193400 | 56700 | 314700 | 1235100 | 0 | 24 | 1863300 | 982200 | 64 |
Woking | 25100 | -0.58 | 10.1 | 10 | 38 | 0.01 | 0 | 25100 | 0 | 0 | 164900 | 125200 | 26 | 579900 | 0 | 39 |
SW London | 364300 | 1 | 6.7 | 30 | 57.5 | 0.01 | 282000 | 78400 | 4000 | 20600 | 295500 | 224500 | 24 | 522100 | 237200 | 59 |