There is still likely to be a reckoning for offices

We think the recent upturn in office market performance is largely down to the one-off release of pent-up demand and remain downbeat about future prospects. With occupancy still languishing and remote working firmly established, we think that the risks to office vacancy and rents have not passed yet. In view of the wider interest, we are also sending this UK Commercial Property Update to clients of all our Commercial Property Services.