Report

Offices & Labs Databook M1 South - July 2024

26.1.24 5 MIN READ

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Milton Keynes' central location within the Arc and relative affordability make it an attractive base and the inflow of new companies into the city has offset the impact of downsizing by existing occupiers.

Office take-up in the first half of 2024 was in line with the pre-pandemic average and the lack of new development means that availability is under control at 11.5%. Prime office rents are likely to hold steady this year, before seeing renewed growth in 2025.

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144^k

Take up of office space in Milton Keynes in H1 2024 in sq ft

225^k

Demand for office space in Milton Keynes at the end of H1 in sq ft

11.5^%

Availability rate in Milton Keynes edges up but below 2021 peak

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Holly Dawson

Partner, Business Space Agency

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