London Q4 2019 Market Report

The London office leasing market has once space let during 2019 reaching 14.9 million sq ft. This not only represents an increase on the previous year and an increase on the long-term annual average (3% and 27% respectively), but more importantly, it highlights a level of confidence that businesses continue to have by securing an office footprint in the capital.

Our latest research shows that a final push in leasing before the year was out resulted in 3.9 million sq ft of office space being let across Q4. Whilst this figure is shy of the previous quarter, it is the third highest quarterly total in the past five years. This could suggest that businesses have set aside their uncertainties on the political and economic situation. However, in practice caution is very much prevalent when real estate decisions are taken.

Central London Office: Leasing Activity by Quarter, 2014-19

Download your copy of the London Q4 2019 Market Report.