Central London Office Market Update Q1 2021

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Summary

• Source: BNP
• Market: Office
• Date: April 2021

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Key take aways‍

• 29% increase on the previous quarter
  Central London leasing activity saw a 29% increase on the previous quarter for the first time, recording the highest level of take-up since the beginning of the pandemic.
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• 55% down
  In Q1 2021, take-up reached 1.2m sq ft, this remains well below the long term pre-pandemic average of 3.1m sq ft and 55% down on the same period last year.
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• Boost to 2021 take-up levels
  2020 pent up demand may provide a boost to 2021 take-up levels in the months ahead leading to increased leasing activity.
  

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View their full report here