Refurbishment projects account for the largest share of the office development pipeline across the UK’s major regional cities, as new build activity remains subdued and occupiers continue to favour high quality, sustainable space. According to new figures from Avison Young, refurbishment schemes now represent the majority of space under construction in the Big Nine regional office markets. The volume of refurbishment space in the pipeline has risen by 12 percent year on year, reflecting a sustained shift towards upgrading existing stock rather than delivering entirely new buildings. (more…)

The UK government says it has secured more than £17 million in annual savings over the past six months by closing three central London office buildings and relocating staff into existing space within the public estate. The most recent closure is 10 Victoria Street, which ministers say will generate around £8.8 million a year in rental savings alone. The building has been vacated as part of a wider programme to reduce reliance on leased properties and consolidate departments into what officials describe as better used government offices. (more…)

Rotterdam has granted approval for a substantial new office development known as the Schieblocks, a 47,000-square-metre project that is set to become the largest privately built office building currently under construction in the Netherlands. Designed by MVRDV for developer LSI, the scheme occupies a long and narrow site beside the railway line and rises to 61 metres, with commercial uses at ground level and a restaurant and event space on the upper floors. Its form is broken into a series of distinct blocks, each intended to create a more approachable scale and reflect characteristics of the city. (more…)

The cost of prime office space continued to climb in the third quarter of 2025, rising by 0.8 percent worldwide, according to Savills’ latest Prime Office Costs report. The increase takes the total average rise in costs over the past year to 3.3 percent, with rental growth now the main factor behind the trend. Savills reports that 25 of the 40 markets it tracks recorded higher average net effective occupier costs, which include rent and fit-out expenses. While global rents increased by an average of 0.9 percent during the quarter, fit-out and associated costs were largely unchanged, rising only 0.03 percent. (more…)

The UK’s office grading system is no longer fit for purpose, according to new research from the British Council for Offices (BCO). A report authored by JLL for the BCO found that fewer than three percent of professionals in the sector support the current system, with almost all calling for change. The report, Redefining the Market: Beyond Grade A, proposes a new scoring-based framework designed to reflect the shifting priorities of occupiers, investors and developers in an era shaped by flexible working. It sets out a 100-point matrix across four categories – physical quality, sustainability, technology and amenity – aiming to provide a more transparent and adaptable standard. (more…)