Take up in the North London & Herts office market has been limited over the past two years but activity in 2024 showed some early signs of improvement, moving 10% ahead of the previous 12 months to 187,000 sq ft. There were only two deals above 10,000 sq ft last year, with the largest transaction being the 11,875 sq ft letting to MDA Space & Robotics at the former Fujitsu office ST04 on Cavendish Road, Stevenage.

The first three months of this year has seen a continuation of the slow market, with just under 20,000 sq ft of lettings. The largest transaction was the 5,375 sq ft letting to Baumac Engineering at Compton Road in Stevenage.