Milton Keynes Office Market 2023: Success in a Challenging Office Market

February 29, 2024

Milton Keynes, located in Buckinghamshire, is a thriving business hub known for its dynamic office market. In 2023, the city witnessed significant activity in the office space sector, with notable sales and lettings taking place. This article provides an analysis of the Milton Keynes office market from our perspective, highlighting the largest deals Kirkby Diamond were involved in, regional rankings, and upcoming instructions for 2024.

Largest Deals of the Year

The Milton Keynes office market in 2023 witnessed some remarkable transactions, with notable sales and lettings making headlines. One of the largest deals of the year was the acquisition of Avalon House at Saxon Street, Linford Wood, by an undisclosed major investor. This deal, completed in just four months, saw the two-storey building with open-plan offices and a central reception area change hands for a price of £4 million.

Avalon House Reception

Another significant transaction was the largest office letting of the year, signed by MERKUR Casino UK. The leading gaming and casino company secured a 10-year lease on 12,541 sq ft of office space on the second floor of Matrix House in central Milton Keynes. These transactions highlight the robust demand for office space in the city and the ongoing growth of the business sector.

Matrix House exterior

Regional Rankings

Kirkby Diamond hold a prominent position in the regional rankings for office space. In 2023, we ranked highly in Bedfordshire and Buckinghamshire. The exact ranking is as follows:

EG Rankings

What Sets Us Apart

At Kirkby Diamond, we pride ourselves on our ability to deliver exceptional results for our clients in the office space market. A combination of factors set us apart from others in the industry:

Multidisciplinary Approach

We are a multidisciplinary firm, with in-house agents, building surveyors, property management experts, land and planning specialists, as well as valuation and professional services teams. This comprehensive skill base allows us to provide a higher level of coordination and expertise on complex projects, ensuring the best outcomes for our clients.

Extensive Regional Coverage

With 18 commercial agents covering all our regions and property types, we offer unparalleled coverage and service to clients with properties in multiple locations. Our extensive reach enables us to provide consistent and expert support to businesses looking for office space in Milton Keynes and beyond.

Flexibility and Innovation

We understand the importance of staying ahead of market trends and adopting innovative strategies. Our in-house marketing team offers bespoke content and strategies, including drone services, brochures, and tailored marketing campaigns. This flexibility and adaptability allow us to provide a comprehensive and cutting-edge approach to marketing office spaces.

Instructions of 2024

Looking forward to 2024, several instructions for office spaces in Milton Keynes have become available. These instructions present exciting opportunities for businesses seeking new office premises in the city.

Staubli House, Presley Way, Knowlhill

Staubli House

Staubli House, located in Knowlhill, is a substantial brick-built detached hybrid tech/R&D head office building on a 1.05-acre plot. With a total area of 11,705 sq ft, the building offers an impressive galleried reception area, ground floor storage, production and packaging areas. This versatile property provides businesses with ample space to establish their operations.

14 Davy Avenue, Knowlhill

Davy Avenue

14 Davy Avenue is a modern and prominent office building offering excellent visibility. With a total area of 5,540 sq ft and 21 parking spaces, this high-quality property features LED lighting, raised flooring, and air conditioning. The building is spread over two floors, each comprising approximately 2,700 sq ft, and is suitable for occupation as a whole or individual floors.

Aurora House, Rooksley

Aurora House

Aurora House presents an impressive opportunity for businesses looking for well-specified office accommodation. With a total area of 43,000 sq ft, this building offers raised flooring, air conditioning, and a glazed central atrium. Additionally, tenants benefit from a shared attended reception and an onsite subsidised restaurant facility, providing a comfortable and convenient work environment.

Matrix House, Central Milton Keynes

Matrix House

Matrix House, located in the heart of Milton Keynes, offers modern and flexible office space over three floors. The building comprises six suites of offices, providing a total area of 4,456 sq ft. Its prime location, within walking distance of the shopping centre and the railway station, makes it an ideal choice for businesses seeking convenience and accessibility.


The Milton Keynes office market in 2023 showcased significant activity, with notable sales and lettings taking place. Looking ahead to 2024, the available instructions for office spaces present exciting opportunities for businesses seeking new premises in Milton Keynes.

At Kirkby Diamond, we stand out in the market due to our multidisciplinary approach, extensive regional coverage, and commitment to flexibility and innovation. Whether you are looking to buy or let office space, our team is dedicated to helping you find the perfect solution for your business needs in Milton Keynes.

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