Metropolis Office Leads
135m sq ft of opportunities

135m sq ft of opportunities

 

Metropolis has its best year yet – over 7,000 office leads in 2016

 

Metropolis broke its own lead number record in 2016, with an exceptional 7,120 business leads published between 1st January 2016 and the 31st December 2016.

 

• There were nearly 4,900 (69%) new stories on planned moves or projects by companies, not previously run in 2015 or before

 
• The new moves and projects reported in 2016 reached a staggering 135m sq ft, if all were added together

 
• This total includes 1,400 newly identified requirements (nearly 30 each week), as researchers uncovered previously unpublished searches for 22.7m sq ft of office space in 2016

 
• Metropolis identified a further newly researched 1500 companies, occupying 35m sq ft, which are approaching property decisions, potential movers, in 2017 and 2018

 
• A further 1,800 newly researched companies confirmed space had been found and a move date set ranging from 5 weeks to two years away

 
• In addition, a further 2,220 companies updated Metropolis that either a potential search had moved to an active one, or an active search had resulted in a property found and move was being planned

 

 

Overall the regions with most reported office movers and projects were:
London – 3200 (45%)
South East – 831 (12%)
North West – 565 (8%)
Yorkshire – 444 (6%)
Scotland – 438 (6%)

 

Overall the sectors with the most reported office movers and projects were:
Financial – 712 (10%)
Professional (law, consultant, accountant) – 680 (10%)
Media 664 (9%)
Business Services – 569 (8%)
IT-related – 500 (7%)

 

In terms of timescale, move dates for relocations completed and future were:
2016 moves now completed – 2,500 (35%)
2017 moves planned – 3,287 (46%)
2018 or later moves planned -1,333 (19%)

 

NB – All statistics refer to business leads run in 2016 and there remains a considerable number of additional projected moves on the database from 2015 and before, where no significant update was possible in 2016.

 

 

Copyright Metropolis Property Research Ltd 2017

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