Photo by Alesia Kazantceva on Unsplash
Metropolis ran 645 business leads on ‘office movers’ in the month of August 2017. If all reported moves were added together the total would exceed 17 million sq ft of office searches and transactions, researched by Metropolis’ unique market led intelligence research team. London was the largest region with 284 leads during month, but there were also strong showings from the South East (62), North West (62), Yorkshire (49) and Scotland (42). IT services, professional and financial were the largest business sectors planning relocations or agreeing moves during the month.
The business leads covered the whole UK and provided details of the size of the office occupier, its likely move dates, a description of the reasons for the move, its business sector and full contact details including an address for written inquiries, at least one telephone number and in most cases an email address. Some of the largest planned moves and top picks amongst the 645 August leads included those on Deutsche Bank, EBRD, Medicines and Healthcare Agency and TK Maxx.
The August 2017 leads included 214 ‘identified requirements’ – which means that the company confirmed to researchers that it has current or future plans to search for alternative office space. Of these 214 searches, 130 were new office searches, not previously notified to clients.
The most recent research also included 161 ‘potential movers’ which were mainly longer-term leads on occupiers considering a relocation, either due to lease expiry, expansion, consolidation or merger.
Most of the remaining stories covered companies that have signed for new office space and have set a move date, including some large pre-lets and companies inviting tenders for fit-out contracts. The shortest planned move date is just over a month away, whilst the longest was late 2020.
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