Central London Office Figures Q4 2022

Our Central London Office Figures analyses the latest movements across the city. Our findings include:

• Take-up totalled 2.8m sq ft in Q4, falling below the 10-year quarterly average of 3.1m sq ft. Despite this, the 2022 total (12.3m sq ft) was 28% higher than the 2021 total
• Investment volumes for Q4 were low at £0.7bn due to a low number of deals completing, but full-year investment totalled £11.2bn, supported by record investment volumes in the first quarter (£5.6bn)
• 35% of development space under construction in Q4 were either pre-let or under offer