Office take-up in Central London on the up over 10 year period
Take-up of office space in Central London has increased by 30% to £3.3m sq ft in Q2 of 2017 – circa 6% above the 10-year average. Demand and take-up has been consistent across Central London, with take-up in the City, West End and Southbank increasing. Co-working providers have also been instrumental in the growth in take-up, with two of the largest deals coming from American giant, WeWork; 283,500 sq ft pre-let at 2 Southbank Place, alongside the 141,200 sq ft letting of 125 Shaftesbury Avenue.
