Croydon has been rated as the fifth most in-demand town or city in the UK for attracting commercial occupiers.
Published by the leading commercial property data provider, the CoStar 50 Occupier Index captures occupier activity across the 50 largest UK office markets.
CoStar uses its market-leading database of over 470,000 commercial properties across the UK to rate each location. The ranking system measures demand and liquidity by comparing net absorption in each city throughout the year, relative to its stock size and peers.
Croydon topped the pile in 2016 and again performed strongly in 2017, coming in fifth place, ahead of the likes of Manchester and Central London.
HMRC’s move into Ruskin Square was one of the key reasons behind Croydon’s success.
CoStar Research Director Richard Yorke said: “Croydon scored highly on our occupier index following another year of strong office demand in 2017.
“The town’s fifth place ranking was supported by HMRC’s move to Ruskin Square as well as continuing occupier appetite for buildings such as Interchange and Renaissance.
“The CoStar 50 Index has been built using the most comprehensive, accurate and timely database of commercial leasing deals.
“These are collected and validated by the industry’s largest research team who work with thousands of agents across the country to provide a truly national picture of the state of the occupier market at any point in time.”
Croydon also had solid results in the CoStar 50 Activity Index, which looks at investment relative to stock, highlighting the most dynamic markets. The town finished 15th out of 50.