Commercial Property

Doom turns to boom as tech sector accounts for over half of office take-up

In the first quarter of the year, the tech sector accounted for as much as 56 per cent of office take-up while financial services made up 22 per cent, agent Knight Frank estimates

The largest letting of the quarter was DataDog’s relocation to One and Two Dockland Central in north docklands, where the tech company took 4,067 square metres across two buildings

In contrast to the doom surrounding tech companies and their surrender of office space, the tech sector accounted for as much as 56 per cent of office take-up in the first quarter of this year.

That was according to agent Knight Frank, which estimated that financial services made up 22 per cent of take-up.

Agents agree that the year got off to a quiet start. About 25,900 square metres was taken in 43 deals across ...