CBRE Central London Office, October 2017

In this issue:

Central London market resilience continues

  • Take-up in Central London for Q3 2017 was 3.4 million sq ft, an increase of 3% on the previous quarter and 10% above the 10-year average.
  • There were four deals over 100,000 sq ft in Q3, the largest of which was a 549,800 sq ft pre-let at 21 Moorfields, EC2.
  • Availability increased in Q3, rising by 2% to stand at 14 million sq ft. Despite the increase, availability remained below the 10-year average of 14.8 million sq ft.
  • Under offers fell by 7% to 3.3 million sq ft, but remained above the 10-year average of 2.8 million sq ft.

 

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