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Our View

Office rents in Essex continued to slip over the six months to the end of Q1 2024, falling by 4.0% on average.   The prime markets of Chelmsford and Brentwood have seen the largest falls, with rents falling back to £28.00 per sq ft, a decline of 6.7%.  Prime rents in Basildon and Braintree have remained stable at their 2023 levels.  Capital values on most small owner occupier office freeholds have seen significant falls over the past 12 months, with values in Essex down by 9.9% compared to falls of 15.4% across the Eastern M25 region as a whole.  Chelmsford has fared better than most other markets, with values falling by 6.3%.          



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]