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Our View

Essex had one of two office locations across the Glenny Region to see prime rental values increase in the latter half of 2023, with values in Basildon edging up to £22.50 per sq ft, an increase of 2.3%.  All other locations saw rents remain stable at their mid year levels, although prime rents in Brentwood had slipped in the latter part of last year/early this year.  Capital values on most small owner occupier freeholds have slipped over the past 12 months but values in Essex have remained more robust than other markets, having contracted by 9.9%.  Braintree has seen the largest correction, with values down by 13.5% to £225 per sq ft over the past 12 months.          




Rents & Capital values
Rents & Capital values office
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Key Contact

Daniel Wink

Daniel Wink

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