Nottingham office market shows a strong performance in the city centre and the surrounding neighbourhoods. The investment level was the highest within the last decade and reached approximately GBP510 million. The high demands for the appropriate office space in Nottingham result in a 20% drop in the supply since the previous year. In its turn, the rental prices for the Class A offices went higher, reaching the point of GBP6,25 per sq.f. The vacancy rates for prime offices in Nottingham is approximately 12%. Most of the offices in Nottingham are occupied by the telecommunication, media and technology sectors. The recent data shows that the highest take-up in the city referred to SMEs. However, there were a few deals, signed by large corporations.
