McKay Final Results Presentation (31st March 2015) - page 25

25
MKS / MAY 2015
MARKET REVIEW
South East Offices
»
»
Fewer lettings greater than 80k
in 2014, but
»
»
Named demand up 4% on
Q1/14
»
»
Underlying trends maintained:
– Obsolescence/age of building
– Expansion
– Lease events
0
1
2
3
4
5
6
Sq ft (m)
2004 2005 2006 2007 2008
5 year average
Lettings > 80,000 sq ft
2009 2010 2011 2012 2013 2014 2015
(Q1)
Current
named
demand
2014
2016
2015
lease breaks / expiries
= 16.8m sq ft / 886 no
Healthy letting activity maintained
Source: Strutt & Parker
Lettings
(McKay market area)
1...,15,16,17,18,19,20,21,22,23,24 26,27,28,29,30,31,32,33,34,35,...38
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