A shortage of Grade A space has meant that occupiers have opted for good quality grade B stock, driving take-up of this grade to its highest level since Q2 2010 according to DTZ’s latest Property Times report.
For the seventh successive quarter total available space fell. This time it dropped 6 per cent to 143 million sq ft. The relative scarcity of Grade A space means that despite a fall in Grade A take-up (which is blamed on the fact that it is scarce); Grade A availability still fell 10 per cent to 18 million sq ft.
