The office market in the Thames Valley has remained resilient despite the many political uncertainties, according to a new report.
According to Thames Valley Property "The 2017 Thames Valley Office Market Report by Lambert Smith Hampton (LSH) says there has been a significant shift in demand and the region’s continued success required decisions to be taken using ‘granular detail from each micro-location’.
Nick Coote, head of Thames Valley for Lambert Smith Hampton lists the key events as: Referendum fallout, triggering of Article 50, a change of Prime Minister, the General Election, the minority government, 12 months of uncertainty, surprises and upheavals at home and abroad.
He went on: “Within this context, the Thames Valley office market has remained remarkably resilient in both the occupational and investment markets.
“However, there are some fundamental changes to occupier demand that we must heed and react to. Never has it been more critical to analyse markets in forensic detail and accurately predict the future.”
Charlie Lake, LSH’s capital markets director, said: "The relative stability of the Thames Valley as one of the premier centres outside of central London has ensured it continues to attract a breadth of both national and global demand.
"This report identifies a number of significant opportunities and emerging trends, which if combined, afford an educated investor the opportunity to capture attractive returns in a market with fundamentally strong dynamics."
To read the report’s key findings click here.