Western Corridor Office Market Dynamics, Q2 2026

Take-up in Q2 2026 reached 334,490 sq.ft., broadly in line with the previous quarter but remaining below the five-year quarterly average of 420,000 sq.ft.

The total vacancy rate was 13.9% in Q2 2026, unchanged from Q1 2026. Grade A vacancy stood at 8.4%, with new build vacancy at 1.8%.

Prime rents edged down to £43.46 per sq.ft., with rent-free periods on a 10-year lease standing at 22–24 months.