It has been reported this week by the Estates Gazette that the online retail giant Amazon is close to agreeing a lease of around 400,000 square feet in London’s Silicon Roundabout area. The site in question is Brookfield Asset Management’s Principal Place development, and Amazon would become the occupier of over two-thirds of one of the buildings. The building, when constructed, will be a 15-storey tower block in an area populated with TMT (technology, media and telecommunications) businesses. 

Interesting figures at the half way point in the year reveal what every agent has been thinking for the last 6 months, demand is up and supply is continuing to fall. Figures suggest that take up of Central London office space us up 17% over the past 6 months, compared to the 2013 figures. Whereas availability of space is now 20% lower than this time last year across the whole of Central London.