Following a disappointing end to 2009 for the Thames Valley, the new decade has started with a glimmer of hope. The Thames Valley recorded a steady start to the year with quarterly take-up at the highest level since Q4 2008 (albeit remaining below the quarterly average), space under offer at the highest level since Q1 2008 and the growth in available space showing signs of abating.

Going forward, there are a number of large requirements very close to signing, which will boost take-up levels in the Thames Valley dramatically, but the conversion into transactions remains stubbornly slow.

The investment market remains disconnected from the occupational market and it has seen a significant inward yield shift over the past six months, driven by the return of the UK funds.

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