The Office sector has traditionally been one of the largest buyers of FM services. Experts believe that the UK market alone accounts for over a third (36%) of the worldwide serviced office footprint. As of September 2020, there was a total available Office supply of 11.3 Mn sq. ft in the UK regions, reflecting a 17% decrease since the end of 2019.

During Q2 2020, most offices across the UK were temporarily closed due to lockdown, which had a significant impact on take-up which stood at 441,436 sq. ft., reflecting a 73% decrease from the five-year quarterly average.

The Office sector spends circa ~£25 Bn of Offices sector, Integrated FM accounts for highest proportion of services contracted with TCV of ~£17.6 Bn (70.5%), followed by Hard FM with ~£3.1 Bn (12.3%) and Soft FM with ~£2.8 Bn (11.2%).

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