The CoStar Market Activity Tracker: Which UK markets stood out over the 12 months to Q1 2025?

The UK occupier markets have shown positive signs of recovery over the 12 months to the first quarter. Leasing remained resurgent in some major office markets and national retail take-up recently climbed to a post-pandemic high. In the industrial market, there are signs of the vacancy rate stabilising and while investment volumes have remained subdued, greater clarity around pricing has encouraged activity from previously out-of-favour sectors.