Summary and analysis of Western Corridor's current office real estate market conditions.
Insight
20 May 2026
Western Corridor Office Market Dynamics, Q1 2026
Categories:
Take-up reached 335,800 sq.ft in Q1 2026, led by Microsoft taking 79,888 sq.ft at Here in Reading.
Total vacancy was 13.9% in Q1 2026, compared to 14.8% in Q4 2025, with vacancy forecast to trend lower through the year.
Prime rent held steady at £43.50 per sq.ft. with rent-free periods on a 10-year lease standing at 21-24 months.