News

Central London availability at lowest levels for two years

· Central London availability fell by 0.5m sq ft to 15.9m sq ft, which equates to an availability rate of 7.2%. In the West End, availability fell nearly 0.4 m sq ft to 5.9m sq ft, while City availability decreased by 0.2m sq ft to 6.1m sq ft.

· Leasing activity was boosted by the return of larger deals at the end of Q2 with four deal over 50,000 sq ft pushing Central London take-up for June to 1.4m sq ft – more than twice the previous month’s total.

· After near record levels of demand in the first quarter, take-up for the first half of the year is more than three-quarters of last year’s total.