Central London office demand was in line with pre-pandemic levels in Q2.
Demand for best in class accommodation remains strong, with 50.1% of take-up this quarter being for Grade A space, which is resulting in a significant amount of pre-let activity.
Key findings from our Q2 2022 report indicate that:
- Take-up in Central London totalled 3.24 million sq ft in Q2.
- Demand is in line with pre-pandemic levels highlighting London’s resilience despite the challenges that the COVID-19 pandemic presented.
- Supply increased by 2% in Q2 to 19.56 million sq ft.
- Vacancy in Central London increased marginally from 8.69% to 8.85% at the end of Q2.
Click to read Central London Office Market Update Q2 2022
