CoStar Data Show a Surge in Occupier Demand for Southbank East Offices
CoStar Group, Inc. (CSGP)
Last costar group, inc. earnings: 4/28 04:02 pm
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Source: Business Wire
LONDON--(BUSINESS WIRE)--Southbank East has shifted back into positive absorption after two consecutive years of net demand losses, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260326540657/en/Demand losses have been reversed in Southbank EastIn the fourth quarter of 2025, annual net absorption exceeded 200,000 sq ft, marking the strongest quarterly performance in more than a decade. Southbank East had previously experienced two years of declining demand, as a surge in new space deliveries towards the end of 2023 coincided with a slowdown in leasing volumes.The submarket’s vacancy rate reached a 12-year high of 11.5% at the beginning of 2025, rising from less than 2% in 2019.“The increase has been driven by a wave of development completions, resulting in almost 1 million sq ft
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CSGP
Earnings
- 2/24/26 - Beat
CSGP
Sec Filings
- 3/26/26 - Form SCHEDULE
- 3/17/26 - Form 4/A
- 3/17/26 - Form 4
- CSGP's page on the SEC website