Estate agents Lambert Smith Hampton have reported that enquiries for office space in the Thames Valley have continued to increase, across all size bands and there are now key supply issues, especially for grade B space.

Nick Coote, head of the Thames Valley, Lambert Smith Hampton, explains: “The high level of enquiries carried through to Q1 2015 from Q3 and Q4 2014 makes us confident that we will see a significant pick up in transactions in Q2 and that actual take up levels through the first half of 2015 will be positive”.

In terms of the investment market, Charlie Lake, Lambert Smith Hampton’s director of capital markets for the Thames Valley adds: “With £111m already under contract and over £600m of available investment opportunities, we are expecting Q2 to build further on the strong start to the year, albeit dominated by a small number of significant transactions.”

The firm added that 122 office enquiries were received in Q1 2015, compared with 89 in the same period last year, and that this strong level of enquires shows no signs of diminishing.