• Central London saw an increase in occupational transactions for the second consecutive quarter but at 1.6m sq ft, take-up was 47% below the 10-year quarterly average.
  • Availability grew more slowly over the quarter, increasing 2% to stand at 26.1m sq ft.
  • Under offers grew 48% over the quarter to 2.7m sq ft, the highest the market has seen since Q1 2020.
  • Investment activity was strong, with volumes up by 113% quarter on quarter to £2.7bn.