The UK Office Real Estate Market Report is Segmented by by Building Grade (Grade A, Grade B, and More), by Transaction Type (Rental and Sales), by End Use (Information Technology (IT & ITES), BFSI (Banking, Financial Services and Insurance), and More) and by Country (England, Scotland, and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

As of the last month of 2024, the value of the commercial real estate market in the United Kingdom (UK) was almost *** trillion U.S. dollars, which was an increase of about *** million U.S. dollars compared to 2023. After Germany, the UK was the second-largest commercial real estate market in Europe.

The United Kingdom Real Estate Market Report is Segmented by Property Type (Residential and Commercial), by Business Model (Sales and Rental), by End User (Individuals/Households, Corporates & SMEs and Others), and by Country (England, Scotland, Wales, and Northern Ireland). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

As of June 2025, residential real estate attracted the most investment in the UK commercial real estate market. About ***percent of the investment value was allocated to residential properties. Historically, income generating residential real estate, including student accommodation, was one of the most popular property types among investors. Offices and industrial and retail facilities were also sought-after asset classes, accounting for over ***percent of the investment value each.

The United Kingdom office real estate market size is projected to grow at a CAGR of 5.20% between 2025 and 2034.

United Kingdom Residential Real Estate Market is Segmented by Property Type (Apartments and Condominiums, and Villas and Landed Houses), by Price Band (Affordable, Mid-Market and Luxury), by Business Model (Sales and Rental), by Mode of Sale (Primary and Secondary), and by Region (England, Scotland, Wales and Northern Ireland). The Market Forecasts are Provided in Terms of Value (USD)

Explore Doorda's UK Commercial Real Estate Data, offering insights into 6M+ commercial locations sourced from 320 data sources. Unlock business intelligence and analytics capabilities.

In the first quarter of 2025, the volume of office real estate transacted in London City amounted to over ***** million square feet. That made it the most sought after market in the country, followed by West End and South East. In terms of year-on-year growth in take-up, Aberdeen ranked the highest.

Commercial real estate agents act as intermediaries when commercial and other non-residential private mixed-use property is bought, sold or rented. Commercial real estate agents receive a fee or contract basis. They also provide advice and appraisals for buying, selling and renting commercial property and provide escrow services. The industry includes online-only estate agents. Property-related legal services are not part of the industry.

The Report Covers Biggest Hospitality Companies in UK and it is Segmented by Property Type (Hotels and Accommodations, Spas and Resorts, and Other Property Types). The report offers market size and forecast for Hospitality Real Estate Sector in the United Kingdom in value (USD billion) for all the above segments.

The UK office real estate market, valued at approximately £X million in 2025 (estimated based on provided CAGR and market size), is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 6% through 2033. Key drivers include a recovering economy, increasing demand from technology and financial sectors, and ongoing investment in infrastructure projects across major cities like London, Birmingham, and Manchester. The rise of flexible workspaces and a focus on sustainable building practices are significant trends shaping the market. However, challenges remain, such as Brexit's lingering effects on international investment and the potential for increased vacancy rates in certain submarkets due to shifting workplace strategies. The sector is highly competitive, with major players like JLL, Knight Frank, CBRE, and others vying for market share. London continues to dominate, but other major cities are witnessing increased activity, fueled by regional economic growth and government initiatives to decentralize business activity. The long-term outlook remains positive, with continued growth anticipated, although the pace might fluctuate depending on macroeconomic conditions and evolving tenant demands. This dynamic market is segmented geographically, with London, Birmingham, and Manchester representing significant hubs. The concentration of businesses in these cities, combined with their robust infrastructure and accessibility, contributes to their strong performance. While the "Other Cities" segment exhibits considerable growth potential, its overall contribution currently remains smaller than the major metropolitan areas. The competitive landscape is defined by large multinational firms and regional players who engage in both development and brokerage activities, reflecting the market’s complexities and opportunities. This competitive intensity drives innovation and necessitates continuous adaptation to shifts in demand and technology. The ongoing evolution of workspace design, encompassing sustainable practices and flexible arrangements, further shapes the market's trajectory. Recent developments include: April 2022: Taking the opportunity to rethink its workplace approach throughout the pandemic, Avison Young used its London Gresham Street office to create two pilot spaces-one transformed and one legacy floor that remained unaltered-to compare the effect of different layouts and amenities. While employees in Avison Young's London office were already working in an agile way before the disruption of COVID-19, the newly configured floor underwent a transformation to an activity-based model., January 2022: IWG, the world's leading provider of workspace, is introducing electric vehicle (EV) chargers across a number of its locations in the United Kingdom to help the nation's hybrid workforce operate more sustainably. IWG is installing EV charging points at a number of its office locations in the United Kingdom to support members' sustainable choices.. Notable trends are: Declining Vacancy Rates and Increasing Rents of Office Spaces in London.

The UK real estate services industry is a substantial market, valued at £32.45 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 3.00% from 2025 to 2033. This steady growth reflects several key drivers. Increased urbanization and population growth continue to fuel demand for residential and commercial properties, driving the need for comprehensive real estate services. Furthermore, the ongoing evolution of technology, particularly in areas like proptech and data analytics, is enhancing efficiency and transparency within the industry. Government initiatives focused on infrastructure development and affordable housing also contribute positively to market expansion. However, economic uncertainty, particularly interest rate fluctuations and potential regulatory changes, could pose challenges to the industry's sustained growth trajectory. The competitive landscape is characterized by a mix of large publicly listed companies like Hammerson, British Land, and Berkeley Group Holdings, alongside smaller specialized firms and housing associations like Bridgewater Housing Association Ltd and Sanctuary Housing Association. The industry is segmented by service type (residential brokerage, commercial leasing, property management, etc.) and geographic region, with London and other major cities generally commanding higher valuations. Looking ahead to 2033, the projected market size will likely exceed £44 billion, driven by consistent demand and ongoing technological advancements. While the CAGR of 3% reflects a moderate growth rate, it is considered relatively stable in comparison to other sectors. The industry's resilience stems from the fundamental need for housing and commercial spaces, making it less susceptible to short-term economic shocks. However, companies must adapt to evolving consumer preferences, particularly embracing digital solutions and sustainable practices to maintain a competitive edge and capitalise on the long-term growth opportunities within the UK real estate market. The segment analysis, though not provided, is crucial to understanding market share distribution and specific growth patterns across sub-sectors. Key drivers for this market are: Improvements in Infrastructure and New Development, Population Growth and Demographic Changes. Potential restraints include: Housing Shortages, Increasing Awareness towards Environmental Issues. Notable trends are: Increasing in the United Kingdom House Prices.

This statistic shows the commercial property market value listed by subsectors: retail, offices, industrial and other commercial, in the United Kingdom (UK) from 2013 to 2016. It can be seen that during this period the value of every commercial property market subsector increased in general although the market value of retail property has decreased from 360 billion in 2015 to 337 billion British pounds in 2016.

Prime yields in the commercial real estate market in the UK increased the most for office real estate in the second half of 2023. The yield shift amounted to 0.46 percent, which was about five times the increase for retail real estate. The prime yields for different property types vary widely across the different markets in the UK.

In 2023, the UK Real Estate Market reached a value of USD 816.7 million, and it is projected to surge to USD 919.0 million by 2030.

The size of the Europe Office Real Estate Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.00">> 4.00% during the forecast period. The Europe office real estate market refers to the segment of the property market focused on the development, leasing, and sale of office spaces across European countries. This market includes a wide range of properties, from high-rise office buildings in major cities to smaller office spaces in suburban areas. The demand for office real estate is influenced by various factors, including economic growth, corporate expansion, and trends in workforce dynamics. In recent years, the rise of hybrid and remote working models has reshaped the office real estate landscape, leading to a greater focus on flexible workspaces, coworking spaces, and adaptable office layouts that accommodate changing business needs. Key markets for office real estate in Europe include major business hubs such as London, Paris, Frankfurt, and Amsterdam, where demand is driven by multinational corporations, financial institutions, and tech companies. These cities tend to have higher rental rates and more competitive markets due to the concentration of businesses and economic activity. Secondary cities and regional markets are also growing, offering more affordable office space and appealing to companies looking to decentralize or relocate to less expensive areas. Recent developments include: May 2023: CBRE Group, Inc. announced that its property management group has formed a global strategic partnership with Deepki that will bring Deepki Ready, one of the world's most extensive landlord-focused real estate sustainability data intelligence platforms to the commercial properties CBRE manages for investors around the world. CBRE has been using Deepki for properties it manages in the United Kingdom for more than two years; Deepki is now being deployed across CBRE-managed properties throughout Continental Europe, with plans to begin using Deepki in the Americas and the Pacific region as the next step in a global rollout., April 2023: Global real estate professional services firm JLL and iO Partners announce that JLL will transfer its existing Leasing, Capital Markets, Valuation Advisory, Consulting, and Project Management delivery businesses to iO Partners in the Czech Republic, Hungary, Romania, and Slovakia. The two companies have formed a preferred partnership enabling them to service clients in the Czech Republic, Hungary, Romania and Slovakia. The agreement will give iO Partners a strong presence in these four countries with experienced employees, efficient systems and processes, and a strong ongoing partnership with JLL.. Key drivers for this market are: Economic Growth, Urbanization and Urban Renewal; Foreign Investments in the Sector. Potential restraints include: The Uncertainty Surrounding Brexit. Notable trends are: Offices Remain a Core Sector.

The Europe Real Estate Brokerage Market is a dynamic sector exhibiting steady growth. With a market size of €218.60 million in 2025 and a Compound Annual Growth Rate (CAGR) of 3.10% from 2019 to 2033, the market is projected to reach significant value by 2033. This growth is driven by several factors, including increasing urbanization, a robust construction sector in key European cities, and a rising demand for both residential and commercial properties fueled by population growth and economic activity. Technological advancements, such as online property portals and sophisticated data analytics tools utilized by brokerage firms, are also contributing to market expansion. However, regulatory changes and economic fluctuations pose potential challenges. Competition among established players like Jones Lang LaSalle (JLL), CBRE Group, Colliers International, and Savills, along with a growing number of smaller, specialized firms, is intensifying. This competitive landscape is driving innovation and service differentiation, ultimately benefiting consumers seeking efficient and effective real estate brokerage services. The market segmentation, while not explicitly detailed, likely includes residential and commercial brokerage services, further differentiated by property type (e.g., apartments, office spaces, industrial properties). Regional variations within Europe also play a significant role, with markets in major economic hubs experiencing higher growth rates than less developed regions. The forecast period (2025-2033) anticipates continued growth, driven by persistent demand and further technological integration within the industry. The presence of both large multinational corporations and smaller, regionally focused firms demonstrates the diversity and resilience of this market sector. Strategic acquisitions and mergers are also likely to continue shaping the competitive landscape, enhancing market consolidation in the coming years. Key drivers for this market are: Economic Stability and Growth, Technological Advancements. Potential restraints include: Economic Stability and Growth, Technological Advancements. Notable trends are: Legislative Changes Drive a Surge in French Real Estate Interest Among British Buyers.

Market Size statistics on the Commercial Real Estate Consultancy industry in the UK

Real estate investment trusts (REITs) are attractive investment vehicles, as they are exempt from corporate tax. A reduction in REIT requirements and restrictions has encouraged new entrants, although many were hit hard by the retail crash during the COVID-19 outbreak. Revenue is expected to grow at a compound annual rate of 0.4% over the five years through 2024-25 to £8.5 billion including estimated growth of 11.8% in 2024-25, while the average profit is expected to be 19.3%. As many REITs own some form of retail and office property, lockdowns and social distancing measures during the pandemic meant the REIT industry lost revenue. Many REITs were forced to sell assets to stay afloat, threatening a spiral in retail property value, with shopping centre giant Intu Properties collapsing into administration. While many REITs with exposure to warehouses performed well in the aftermath of the COVID-19 outbreak amid the e-commerce boom, the industry contended with significant headwinds like rising interest rates and rock-bottom confidence in 2022-23, hurting asset valuations and stifling investment activity. Macroeconomic conditions improved somewhat in 2023-24, with both business and consumer confidence picking up thanks to more optimistic growth prospects and stabilising interest, supporting rental income. However, the higher base rate environment has posed financing challenges, resulting in REITs finding alternative sources of finances like share placements to capitalise on low property values. In 2024-25, REITs have welcomed interest rate cuts, easing financing pressures and lifting asset values. This will support balance sheets, driving investment activity and revenue growth. REIT revenue is forecast to grow at a compound annual rate of 5.6% over the five years through 2029-30 to £11.2 billion. The hike in corporation tax in April 2023 has resulted in investors looking towards REITs due to their tax advantages, positioning REITs for significant investment in the coming years and driving revenue growth. REITs will welcome solid government support in the form of regulatory changes aiming at making the industry more competitive. Technological innovation will also shape the industry. Most notably, proptech solutions are being introduced, which improve property management and operating efficiency, supporting profit.

These National Statistics provide monthly estimates of the number of residential and non-residential property transactions in the UK and its constituent countries. National Statistics are accredited official statistics.

England and Northern Ireland statistics are based on information submitted to the HM Revenue and Customs (HMRC) Stamp Duty Land Tax (SDLT) database by taxpayers on SDLT returns.

Land and Buildings Transaction Tax (LBTT) replaced SDLT in Scotland from 1 April 2015 and this data is provided to HMRC by https://www.revenue.scot/">Revenue Scotland to continue the time series.

Land Transaction Tax (LTT) replaced SDLT in Wales from 1 April 2018. To continue the time series, the https://gov.wales/welsh-revenue-authority">Welsh Revenue Authority (WRA) have provided HMRC with a monthly data feed of LTT transactions since July 2021.

LTT figures for the latest month are estimated using a grossing factor based on data for the most recent and complete financial year. Until June 2021, LTT transactions for the latest month were estimated by HMRC based upon year on year growth in line with other UK nations.

LTT transactions up to the penultimate month are aligned with LTT statistics.

Go to Stamp Duty Land Tax guidance for the latest rates and information.

Go to Stamp Duty Land Tax rates from 1 December 2003 to 22 September 2022 and Stamp Duty: rates on land transfers before December 2003 for historic rates.

The latest release was published 09:30 29 August 2025 and was updated with provisional data from completed transactions during July 2025.

The next release will be published 09:30 30 September 2025 and will be updated with provisional data from completed transactions during July 2025.

https://webarchive.nationalarchives.gov.uk/ukgwa/20240320184933/https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above">Archive versions of the Monthly property transactions completed in the UK with value of £40,000 or above are available via the UK Government Web Archive, from the National Archives.