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“The availability rate in Essex is back below 5.0%, with less than 100,000 sq ft of grade A supply on the market.”

Daniel Wink
Divisional Partner

Our View

Take up continued at below trend levels in the Essex market, with 105,000 sq ft of lettings completing in the first nine months of the year and activity for the full year expected to rival last year’s total which finished at 185,000 sq ft.

There has been limited activity in larger deals, with only two transactions above 10,000 sq ft in the year to date. The largest transaction has been the 22,015 sq ft letting to insurance group Gallagher at Halford House in Chelmsford, whilst Create Business Hub took 10,265 sq ft at 40 Parkway Chelmsford.

Office market take-up
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Key Contact

Daniel Wink

Daniel Wink

Divisional Partner - Essex Commercial Agency
020 3141 3562
[email protected]