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Market ReviewMarch 20241 min read

The UK 5: Office Market 2023 Review

We are pleased to share with you our latest publication, The UK 5. We once again delve into the 5 largest regional city office markets around the UK: Birmingham, Bristol, Glasgow, Leeds and Manchester. In the dynamic environment of 2023, businesses navigated through inflationary pressures and sectoral challenges, which significantly impacted their decisions on workforce and workplace strategies. The UK's major office locations witnessed the ripple effects of the economic downturn, with leasing and availability volumes reflecting the prevailing sentiments.

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The UK 5 returns to the five largest regional city office markets in the UK: Birmingham, Bristol, Glasgow, Leeds and Manchester. Through 2023 businesses worked through inflationary pressures and sector-specific challenges, and that fed directly into decisions about workforce and workplace. This edition sets out how leasing and availability volumes across the five cities reflected that.

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