West End Office Market: Q3 2025 Report Released

West End Office Market: Momentum Rolls into Q3. The sustained strength in London's West End office market continues to impress. Our newly released Q3 2025 report shows that activity levels remain firmly at trend. Key takeaways from the first nine months of the year: ➡️ 1.99 million sq ft leased across 496 transactions. ➡️ This builds on a strong 15-month total of 3.79 million sq ft leased. ➡️ Large transactions are leading the charge, with over 1.30 million sq ft involving spaces exceeding 20,000 sq ft. Curious where the major deals landed? And how this breaks down into the West End's sub markets? 🔗 Download the full, market-leading research now: https://lnkd.in/ewx9vhXA

Managed offices are reshaping how London businesses think about workspace. Flexible space now represents around 10% of central London’s office market - up from 6% in 2019. Within that, managed offices are gaining momentum. Deal sizes are increasing, and so is their strategic importance. For growth-focused occupiers, managed offices strike the balance between control and convenience - combining the identity of a leased office with the agility of a serviced model. We explore what’s driving this shift, and what it means for London’s occupiers. Read the full insight here: https://lnkd.in/eZHJnk5H #ManagedOffices #FlexibleWorkspace #CommercialProperty #London

An interesting article published today by Co-Star highlighting the fact that in 2025, office leasing across the Big Six office markets—Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester—has been driven predominately by financial and professional services, accounting for over 40% of take-up, with strong activity also from the TMT sector. Key deals include Hargreaves Lansdown in Bristol and Autotrader in Manchester (136,000 sq.ft. at No.3 Circle Square). Prime rents have been set by legal and accountancy firms in new buildings. Education demand remains strong, repurposing secondary stock, while manufacturing and utilities drive out-of-town lettings. Flexible workspace and public sector demand have slowed, though the Government Property Agency is under offer for 110,000 sq ft at The Havelock in Manchester. What the article doesn't point out however, is that in spite of this activity which has tended to involve new Grade A or even 'Super Prime' stock, the office market as a whole is relatively over-supplied in these cities when measured in terms of Total Availability. In fact, it is at historically high levels and that situation is unlikely to change anytime soon. The takeaway here therefore is that providing you do not require a brand new, ultimate specification, there are a growing number of opportunities to acquire great workplace. In my view, the amount of choice for tenants is set to increase for both conventional and flexible space over the next 12 months. Now might just be the perfect time to start shopping.

"Providing you do not require a brand new, ultimate specification, there are a growing number of opportunities to acquire great workplace. In my view, the amount of choice for tenants is set to increase for both conventional and flexible space over the next 12 months." Member Martyn Markland summarises his thoughts on office leasing from this article.

Manhattan's office market is surging, with 23.2 million square feet leased in the first nine months of 2025; the highest volume since 2006 and significantly exceeding pre-pandemic levels, according to The Wall Street Journal. This rebound signals strong confidence in New York's commercial real estate market, outpacing other U.S. cities.   For companies in finance, law, and professional services, proximity isn't optional. In-person collaboration drives measurable results: deal-making demands trust and access, junior talent advances faster through face-to-face mentoring, and the informal conversations that build culture happen naturally in offices, not on Teams or Zoom calls.   This shift is evident in some of the lowest vacancy rates in years, with Class A spaces representing 77% of leasing activity. New York leads the nation on office attendance, a trend driven by business fundamentals. The pandemic underscored that while some work can be remote, collaboration, culture, and mentoring benefit significantly from physical presence.   Looking ahead, limited new supply and a shrinking sublease market point to continued tightening.   Read the full Wall Street Journal article here: https://lnkd.in/d597kckG   #CommercialRealEstate #FutureOfWork #SiteSelection #Incentives #InternalCommunications

The Manhattan Office Market is in its biggest boom in nearly two decades, leaving the rest of the US in its dust. The New York City office market is roaring back, fueled by the financial sector and a strong Return-to-Office rate. This exceptional momentum is evidenced by office attendance in New York hitting 1.3% higher than its July 2019 baseline, making it the top-performing market among the major business districts tracked. This recovery creates an intense environment where major tenants like Deloitte and Amazon are competing for prime space in the city’s newest towers, while nationally, office leasing remains about 11% below its pre-pandemic average. Big thanks to Peter Grant at The Wall Street Journal for featuring our data in your article. Check out the full piece here: https://lnkd.in/dvnyth7t? Jesse Kent Derring-Do Inc.

"Manhattan’s office-market resurgence owes much to the strength of the financial-services sector. New York City’s office market is enjoying its biggest boom in nearly two decades, leaving the rest of the U.S. in its dust.  Businesses leased 23.2 million square feet of additional Manhattan office space during the first nine months of 2025, according to real-estate services firm CBRE Group." https://lnkd.in/ewV_Yb9c

It's been a long time since we've been able to say this: "Businesses leased 23.2 million square feet of additional Manhattan office space during the first nine months of 2025, according to real-estate services firm CBRE Group. This is the largest amount of new workspace rented during that period in the past 19 years." Bringing the focus back to Ireland, Dublin’s office market continued to gather momentum in the final quarter of 2025. In Q3 alone, over 77,000 sq m of office space was taken up across 59 deals—a strong performance that brings year-to-date activity to 178,000 sq m. We are witnessing renewed confidence among occupiers, even as broader economic conditions remain uncertain. Alan Moran | Daniel Shannon | Sam Daunt | Michelle Farrell MSCSI MRICS | Robert Mulcair | Megan Pilkington | Jake Daly | Luke Taheny | Colin Richardson | Cara McDowell | Tom Moran | CBRE Ireland

🏢 The View 15 | Office | Office Development Slows, But Pipeline Remains Strong Although completions slowed in H1 2025, development activity remains strong. If planned deliveries stay on track, 154,000 sq m of new office space could be added this year. Looking ahead to 2026, 256,900 sq m is expected - and impressively, 81% is already pre-leased, reflecting solid tenant demand. According to Aniko P. Kovacs, Director and Head of Office Leasing, this signals a confident outlook among occupiers despite short-term delivery shifts. 📘 Dive deeper into these insights in the 15th edition of The View, our annual market report. 👉 https://cbre.co/47fPH3C #TheView15 #CommercialRealEstate #Office

📊 In markets like New York City, Miami, Dallas, and Atlanta, foot traffic is approaching, or even exceeding, pre-2019 levels, especially in industries with strong return-to-office momentum. This resurgence reflects a broader shift: companies are recommitting to physical office space in key business hubs, and real estate strategies are evolving to meet the moment. Preferred Office Network supports this shift with access to 1,200+ flexible office locations, including fully serviced spaces in the nation’s highest-demand urban markets.🌐 Whether scaling teams, rebalancing a portfolio, or establishing a presence in key metros, agility, consistency, and speed are critical. Click the link below to learn more! https://brnw.ch/21wX23a