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“The supply of good quality, EPC compliant office buildings in North London & Herts remains constrained, with less than 100,000 sq ft of grade A space on the market.” 

Peter Higgins
Divisional Partner
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Our View

Take up remained below trend levels in the North London & Herts office market in 2023, with total activity of 169,800 sq ft. The largest transaction during the year was the 18,460 sq ft letting to the Police & Crime Commissioner for Hertfordshire at St Albans Road, Hatfield pending the decision to redevelop their offices at Stanbrough in Welwyn Garden City.

The first quarter of 2024 has seen activity slow, with early indications showing that take up was down to 31,750 sq ft, with only one transaction above 10,000 sq ft completing. The largest deal was the 10,075 sq ft letting at Field House in Harlow.

Office market take-up
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Key Contact

Peter Higgins

Peter Higgins

Divisional Partner - East and North London & Herts Commercial Agency
020 3141 3534
[email protected]