Spike in demand puts Thames Valley at risk of office drought

摘要

High levels of demand and a lack of development mean that constrained office supply will be the overarching theme for many of the Thames Valley markets for some time, Savills research shows. According to Insight, Savills' in-house database, there are 7.1m sq ft of lease events in the next five years across the key Thames Valley towns of Reading, Slough, Maidenhead and Bracknell. This, coupled with current office supply of only 2.7m sq ft and 430,000 sq ft under construction, means that requirements are likely to far outweigh available space.