Jul
01

West End Office Market Latest

New research shows that office occupier take-up in central London has hit 6m sq ft in the year to date, with the entire second quarter space expected to hit 3.3m sq ft.

Following the election, there has been pent up demand from occupiers awaiting the election results.

Many tenants were holding back making decisions about moving until they knew the outcome of the general election but once the Conservative Government was announced, it has been business as usual.

Over 50% of West End office take-up was in the 5,000+ sq ft market. there has been and remains a shortage of suites up to 2,000 sq ft with rental levels in some parts of Central London seeing a significant increase in rental levels since the start of the year.

 

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