Bannon Office Pulse Q3 2025
Q3 showcased an important shift in sentiment.
Our latest Office Pulse explores how almost half of the space transacted was the result of expansion activity, whether expanding in existing office or relocation. This is a sign that existing occupiers are growing their footprint while looking for a more sustainable space. This outlook change is reflected in capital markets activity.
To put this into context, if we exclude the two very large double Ardstone’s PRS transaction, offices represented 55% of turnover and 33% of transactions!
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