Central London Office Figures Q1 2022

04 May 2022

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  • 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.