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UK regional offices outlook: Vacancy set to fall as market turns a corner

Demand is expected to improve, though weak development and conversions may play a bigger role in tightening vacancies
CoStar Analytics
March 12, 2026 | 6:00 AM

The UK’s regional office markets entered 2026 with a supply-demand profile that looks markedly different from recent years. A slowdown in development, together with ageing stock being removed or repurposed, is setting the stage for vacancies to gradually tighten across many cities.

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News | UK regional offices outlook: Vacancy set to fall as market turns a corner