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The big UK office round-up: How was 2025 for your market?

CoStar’s analysts assess how London and the key regional office markets have performed during another turbulent year

To office market participants and observers, 2025 marked the year when the recovery finally began. Following four-and-a-half years of heavy demand losses totalling 48 million square feet across the country, as companies re-sized footprints and adapted to new working practices unleashed – perhaps temporarily – by the pandemic, net absorption of office space turned positive in 2025 as companies occupied 1 million square feet more space than they vacated in the first three quarters of the year. It was also the year when demand broadened beyond the super-prime office buildings that had been driving all the demand.

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News | The big UK office round-up: How was 2025 for your market?