Demand rebounded to 9.7m sq ft in the six months to the end of September 2021 but remains 25% below the peak levels seen at the end of last year. Whilst larger requirements remain a major element of overall demand, there has been a slight easing following the spate of activity in this sector of the market. The major increase in demand has been in smaller requirements (<10,000 sq ft), which have strengthened by more than 31%.