Demand for Thames Valley offices hit a new low in Q3 2009. Take-up was just under 18,600m2(200,000ft2), though the number of deals wasslightly above the all-time trough of Q2 2009.Prospects for the rest of 2009 remain subdued.

In Q3 2009, office supply rose to 676,360m2 (7.3million ft2), with vacancy rising to a five-year highof 12.2%. The impact of these conditions on primerents has been difficult to gauge in a thin market,but most towns have seen falls and incentives areincreasingly generous.