Knight Frank – UK Cities Quarterly Office Market Report Q3 2023

The "UK Cities Quarterly Office Market Report Q3 2023" by Knight Frank provides an in-depth analysis of the office market performance across major UK cities during the third quarter of 2023. The report highlights a 27% quarter-on-quarter increase in occupational take-up, surpassing the five-year quarterly average by 3%. This surge indicates proactive behavior among occupiers, with seven out of ten cities recording a rise in activity. The report also notes that, year-to-date, six out of ten cities have experienced a higher deal count compared to previous years. Despite economic headwinds, the office market demonstrates resilience, with sustained demand for quality spaces and a cautious yet optimistic outlook for the coming quarters.