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“Activity in the Essex office market has remained constrained but this is in part due to the limited supply of grade A stock.  Grade A supply stands close to an all time low at 122,000 sq ft.”

Daniel Wink
Divisional Partner

Our View

Take up in the Essex office market remined subdued in 2023, with only 125,700 sq ft of lettings completing and just two of these being above 10,000 sq ft. The largest transaction was the 22,012 sq ft letting to Gallagher Insurance at Halford House in Chelmsford. The other major letting was to serviced office provider CREATE who took 10,265 sq ft at at Criterion House 40 Parkway, Chelmsford.

This level of activity continued into Q1 2024 with take up remaining focused on smaller lettings, and Chelmsford, Brentwood and Basildon providing the best opportunities for occupiers looking for space in the Essex market.

Office market take-up
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Key Contact

Daniel Wink

Daniel Wink

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