South East Offices Investment Q1 2017
South East Office Investment Market Commentary Q1 2017
The South East office investment market has seen an encouraging start to 2017, with £445m of transactions across the quarter. This is 38% ahead of transaction volumes seen during the same period last year, which totalled £321m. We expect transaction activity to increase considerably going into Q2, as there are currently over £426m of South East offices under offer or exchanged.
The start of 2017 has been characterised by a lack of stock on the market and frustration from investors with active requirements. The major difference between Q1 2016 and Q1 2017 is the number of deals completed, with 23 transactions in Q1 2017 compared with 31 transactions in Q1 2016. This meant that the average lot size transacted in Q1 2017 was £19.3m, 86% larger than the same period last year (£10.4m).
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