The precise implications of Brexit for the UK’s office market are heavily dependent upon the outcome of the Brexit negotiations. This study undertaken by Ramidus Consulting on behalf of the BCO examines how the Brexit vote might impact on demand for office space, through to 2022. The study considers alternative scenarios

Specifically, it seeks to achieve three key objectives:

• to assess office jobs growth and space demand expectations to 2022 in London and key cities across the UK, based on employment forecasts from Oxford Economics.

• to examine Brexit-specific structural demand risks on a sectoral basis, as a result of changes to areas such as passporting rights, equivalence, access to the Single Market and new trading agreements.

• to examine Brexit specific behavioural demand risks including relocation activity, hiring freezes, jobs forgone, reductions in tech funding and other key factors.

This study undertaken by Ramidus Consulting on behalf of the BCO examines how the Brexit vote might impact on demand for office space, through to 2022.