London Q3 2019 Market Report
Just over 4.1 million sq ft of office space transacted across central London in Q3 2019. This not only exceeded expectations but also the long-term quarterly average by 36%. Despite the buoyant activity, businesses are still cautious owing to the political uncertainty that has loomed large in recent years.
Yet the changing market fundamentals of rising rents and restricted supply of good quality space in popular locations is leading tenants to start their office searches earlier and pre-letting on new developments. Q3 has seen an increase in competition to secure space, largely due to the insatiable appetite from serviced office operators. Five of the 10 largest deals were by such operators.
Download a copy of the London Q3 2019 Market Report.