Key findings from our Q1 2022 report indicate that:
- Q1 Central London take-up totalled 2.86 million sq ft, representing a 50% increase from Q1 2021.
- Supply increased to 19.2 million sq ft, a 10% increase on Q4 due to an uptick in deliveries as construction begins to gather momentum.
- The vacancy rate in Central London stood at 8.7%, slightly above Q4 levels of 7.9%.
- The Central London office investment market recorded £4.9bn of transactions in Q1.
- This was the market’s strongest Q1 for five years, highlighting London’s strong liquidity and fundamentas relative to competing markets.
- The quarter was dominated by a series of large transactions that pushed the average lot size to record levels.
Click to read Central London Office Market Update Q1 2022
