London | Offices
At a Glance - Q3 2018
Central London Office Market Update - Q3 2018Take-up to end September has reached 10.9m sq ft, 17% ahead of the same period last year and 20% ahead of the long term average.
• Pre-letting activity has been a major driver of demand this year with 29 deals over 25,000 sq ft recorded, up on 20 deals seen on average.
• Investor appetite for Central London assets is strong with £5.6bn deployed across all sectors in Q3. As a result, total volumes, to end September have reached £14.1bn, up 25% on average levels.
• Overseas investors continue to be undeterred by UK’s exit from the European Union. Strong leasing fundamentals and the capital’s long term ‘safe haven’ status act as major draws for investors from around the globe.