King Sturge finds stable trend in occupier activity

The King Sturge bulletin has found that level of occupier activity remained stable in the six months ending September 2006. However, it also recorded the third highest number of deals since the bi-annual survey began three years ago.

Altogether 113 deals were made and occupiers acquired 375,494 sq m of office space in the six months.

The report found although numbers had fallen compared to the previous six months, the total number of deals had increased by as much as 8% compared to the same period in 2005. The volume of floorspace transacted had also risen by 7%.

The financial and business services sector continued to be top of the list, taking a 46% chunk out of total take-ups, with the public sector coming second at 23%. The technology, media and telecommunication sector, on the other hand, fell from 20% to 10%.

The trend, the King Sturge bulletin found, was heading increasingly towards stabilisation.