Central London office analysis

Our quarterly review of the central London office occupier and investment markets.


Type Research

Date 24/05/2018

Our latest review of the central London office market looks at activity in central London during the final quarter of the year.

Central London take-up for Q1 2018 totalled 2.5 million sq ft. This was 21% up on the corresponding quarter in 2017 but 11% down on Q4 and and 5% down on the five-year quarterly average of 2.6 million sq ft.

There is currently 11 sq ft available across central London, increasing from 10.9 million sq ft as of the end of Q4 2017. Since this time last year, the amount of available space has increased by 9% with 866,000 sq ft more on the market than this time last year.

Central London prime rents increased by 1.2% during the quarter. This was the second quarter of rental increase after five successive quarters of negative or no growth. Prime rents are now 2.1% up on the same time last year.

During Q1 2018, central London investment totalled £3.1 billion across 52 deals, 32% down on the previous quarter, 25% down on the five-year quarterly average and 39% down on the corresponding quarter in 2017.