Bannon Office Pulse – May 2023
Bannon’s latest Office Pulse is now live.
Take up for the first quarter of the year reached 278,000 sq.ft. across 45 transactions, representing a 45% decrease on Q1 2022. Deal sizes have decreased this quarter with 76% of transactions falling into the sub 5,000 sq.ft. bracket resulting in an average deal size of 6,300 sq.ft. Lease flexibility continues to be the dominant driver in demand. There is over 600,000 sq.ft. currently reserved (71 Transactions) which should boost Q2 figures.
See full details below together with expert insight from Lucy Connolly and Cillian O’Reilly.
To view the full report, please click here.