High take-up points to a strong year-end
- Central London take-up was 1.3m sq ft in October 2018, remaining largely stable (-0.4%) and above the 10-year average level of 1.0m sq ft.
- Availability rose by 7% in October to 14.7m sq ft, remaining below the 10-year average of 14.9m sq ft.
- The amount of space under offer fell by 12% to 3.5m sq ft, but was above the 10-year average (+20%) for the eleventh consecutive month.
- The largest deal of the month saw McCann Erickson acquire 146,400 sq ft at 135 Bishopsgate, EC2.