Exclusive News Articles

Is the lack of supply in Mayfair and St James’s pushing occupiers into surrounding areas?

Looking at total supply across the West End, last quarter’s supply jumped to a total of £4.3 million square feet of offices. Much of that was because of the construction of speculative schemes producing 590,000 square feet of vacant office space; however, this should be seen in context which shows that this figure amounts to only 4.7% of total stock that is vacant – and this is historically a very low percentage.