■ We expect to see rental growth in all but one of the key regional cities in 2016, with the biggest year-on-year rental growth in Cardiff and Birmingham in 2016 with 9% & 8% respectively.

■ We do not expect vacancy rates to rise significantly, as the heightened risk-aversion amongst developers, funders and lenders will lead to a reduction in development and refurbishment commencements in 2018 and beyond.

■ Proportionally, more is being invested in office markets outside London. The market outside London accounted for a 30% share as at the end of July 2016 (long-term average is 23%) as investors seek higher yields outside the capital.

^{▲ Atria, Edinburgh (186,000 sq ft) - Purchased during Q1 2016 for £105m by Deka Immobilien, who were advised by Savills}