Central London Office Figures Q1 2022
04 May 2022
- Central London take-up totaled 2.6m sq ft in Q1, broadly in line with the long-term average.
- Driven by new supply, total availability increased marginally during the quarter while secondhand supply fell by 1%.
- Under offers remained above trend level as large occupiers continue to commit to under construction and proposed space.
- Investment activity was strong during the first quarter totaling £5.5bn, the highest Q1 figure on record.