Lack of office space ‘starting to impact market’

Low availability of good quality office space could impact on the market this year, leading commercial property agency Jones Lang Lasalle has warned.

Data published yesterday by Jones Lang Lasalle, shows a healthy take-up of industrial and commercial property space in the first quarter of the year — 1.23 million sq ft, in 50 deals.

However, the bulk of the deals were made up of secondary office space, which accounted for 60% of the take-up. Only 8% of take-up related to prime office space.