Patrick Scanlon is a Senior Director of Market Analytics at CoStar with over 20 years of experience researching, analysing and writing about commercial property. He is based in the London office and covers the London and the South of England markets....
Patrick Scanlon is a Senior Director of Market Analytics at CoStar with over 20 years of experience researching, analysing and writing about commercial property. He is based in the London office and covers the London and the South of England markets.
Previously, Patrick worked as the UK Offices research lead at Avison Young, before which he was Head of UK Offices research at Cushman & Wakefield. He also spent 13 years at Knight Frank where he was Head of Central London offices research. Patrick has produced research and analysis for some of the UK’s largest landlords, investors and occupiers. He has also advised the Prime Minister on policy for the development of London’s tech clusters.
He is a graduate of the University of Surrey and is a member of the Society of Property Researchers.
AI adoption, the 5G rollout and supportive government policy are pushing the UK into its fastest-ever phase of data centre construction, particularly across London and the South East.
UK life sciences demand reached a new record in 2025, with laboratory leasing rising to its highest level in at least a decade. Nearly 960,000 square feet of lab space was acquired nationwide, driven ...
Occupier demand for industrial stock in the South Coast strengthened towards the end of last year as market conditions stabilised. After a weak start to 2025, leasing activity turned a corner in late ...
Office vacancies in London’s City Core fell to 9.2% at the end of 2025, their lowest level for over five years and dipping below the Central London average for the first time in more than two ...
Key industry figures gathered in Cambridge last week in the sixth and final event of a series of UK roadshows, with this one focusing on the key trends unfolding in a strengthening office market in ...
Across the UK’s regional markets, occupiers have increasingly focused on high-quality, ESG-led office buildings in city centres as they sign new deals, with sustainability commitments and regulatory ...
Key industry figures gathered in Bristol last week in the fourth of a series of roadshows, with this one focusing on the key trends unfolding in a strengthening office market in the South West.
Office leasing volumes in Bristol’s city centre reached their highest level ever recorded in 2025 after UK law firm Burges Salmon extended and renewed the lease of its Bristol headquarters at One ...
A surge in tenant demand during 2025 propelled office leasing volumes in Cambridge to their highest level since 2019. Almost 700,000 square feet of office space was leased over the course of the ...
New office construction starts in London have fallen to their lowest level since 2004 as economic headwinds and planning delays affect appetite for development.
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 ...
The much-discussed flight-to-quality trend has finally eased after net absorption turned positive for non-prime UK offices, defined as offices rated 4 stars or below by CoStar’s rating system. ...
The number of months that UK office and industrial investment sales spend on the market before transacting has started to fall, after reaching a four-year peak in 2025.
Leasing volumes in London’s City Core North office submarket reached record levels in Q3 2025, driven by demand from financial sector tenants in EC2. The take-up of office space in the submarket, ...
After five years of upward movement, London office vacancies stabilised in 2025. For the first time since 2019, the London office market experienced three consecutive quarters of positive net ...
As the world began to return to normal after the COVID-19 pandemic, the significant surge in demand for UK logistics space, driven by massive increases in online retail, started to wane. South Coast ...
Office construction starts in London have fallen to their lowest level since 2010 as economic headwinds and planning delays impact appetite for development. In the 12 months to the third quarter ...
Leasing activity has surged in 2025 in the Docklands Core market, which includes Canary Wharf, as occupiers look east to satisfy their occupational requirements. So far this year, over 500,000 square ...
Industrial property performance across Oxfordshire is increasingly defined by a tale of two submarkets. While Cherwell, anchored by Banbury and Bicester, is grappling with rising vacancies amid a ...