Central London Office Figures Q3 2026

Central London’s office market saw occupier demand rise and available space fall in Q3 2026. Take-up increased quarter-on-quarter and moved above its long-term level, while availability dropped to its lowest point since 2020 and the vacancy rate edged lower.

Key Findings

• Central London office take-up rose 19% quarter-on-quarter to 3.2m sq ft in Q3 2026, moving 12% above the 10-year quarterly average of 2.9m sq ft, while the year-to-date total of 8.1m sq ft was in line with the same period last year
• Central London office availability fell for a fourth consecutive quarter to 19.5m sq ft at the end of Q3 2026, its lowest level since 2020 and 21% lower than a year ago
• The Central London vacancy rate fell to 6.3% at the end of Q3 2026, from 6.6% at the end of Q2 and below the 10-year quarterly average of 6.6%

What’s in the Full Report

• Take-up split by secondhand, newly completed, and pre-let space, plus a breakdown by occupier sector
• Quarter-on-quarter take-up, availability, under offer and vacancy rate figures for the City, West End, Midtown, Docklands, and Southbank
• Under offer analysis, with tables of key deals and key under offers by occupier, size, market, and address
• Development completions and the under-construction pipeline, including space already let or under offer
• Investment volumes, purchaser breakdown by origin, and key investment transactions

Download the CBRE Central London Office Figures Q3 2026 report for the full submarket, under offer, development pipeline and investment data.