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.