The impact of uncertainty on the UK’s office market

Abstract

Purpose – This paper aims to explore the impact of uncertainty on the office market in the UK. The paper discusses economic and policy uncertainty generally before narrowing its focus to recent events which cause uncertainty, examining the impact this has on various different aspects of the office market. The office market is crucially interlinked to the economic health of the UK hence making this an important topic to research.
Design/methodology/approach – The existing literature is reviewed to give a background to the research, before three case study cities are examined through the use of questionnaire data and information from market reports.
Findings – The paper finds that the various forms of uncertainty do have an impact on the UK’s office market, however the severity of which differs depending on the cause and timing.