focus on slough
occupancy costs increased last quarter by 3% along the M4 corridor with spikes in Slough – up by 20% due to its choice of new office completions.
Real estate consultant JLL agreed that the Elizabeth Line and strong market fundamentals made the Western Corridor market (West London/Thames Valley) well-placed for the year ahead.
According to Cushman & Wakefield’s Co-working 2018 report, UK demand for flexible workspace soared to record levels in 2017, leasing activity virtually tripling (from 6% to 17%) last year in the UK’s nine largest cities.
Two-thirds of the UK flexible workspace market is now outside London, Cushman revealed, with the trend spreading well beyond the capital for the first time, and across all types of business. Cushman predicts flexible workspace will account for 10% of the UK office market by 2027.
JLL also expects further growth, citing significant interest from co-working and serviced office operators acquiring space, which accounted for 18% of Western Corridor leasing transactions. Well-located, good quality space, remains a primary focus for occupiers.
The answers lie in the soil
If the above facts don’t make Slough’s case for you, then go to the town and see for yourself the changes that are happening there now.
You’ll no doubt discover that your answer really does ‘lie in the soil’ since the name Slough was first recorded in 1196 as ‘Slo’, likely derived from the Old English word ‘Sloh’ meaning muddy soil.
DEALMAKER AWARDS 2018
OCCUPATIONAL SALES & LETTINGS 2017 WINNER:
OFFICE DEALMAKER JLL
Lambert Smith Hampton De Souza & Co Altus Group
Colliers International
NUMBER OF DEALS 8 6 4 3 3
OCCUPATIONAL SALES & LETTINGS 2017 WINNER:
INDUSTRIAL DEALMAKER NUMBER OF DEALS Cushman & Wakefield JLL
Montagu Evans
Cogent Real Estate Ltd Altus Group Telsar
27 15 6 3 3 3
INDUSTRIAL DEALMAKER JLL
Cushman & Wakefield Hicks Baker
Cogent Real Estate DTRE
OFFICE DEALMAKER JLL
Knight Frank CBRE
Altus Group Colliers International WINNER:
SQ FT OF DEALS 71,388 32,387 28,316 28,126 26,049
SLOUGH
WINNER:
SQ FT OF DEALS 238,558 220,479 52,788 51,289 43,486
ARE YOU A WINNER? Request your digital badge: email
marketing@costar.co.uk THE BUSINESS MAGAZINE – MARCH/APRIL 2018
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