Savills Report - West End Office Market Watch (Feb 2021)
Summary
- Source: Savills
- Market: Office
- Date: Feb 2021
Key take aways
- 6.3% up
Vacancy rate is up 10 bps from the previous month
- 38%
Supply is made up of tenant-controlled space
- 27%
the future pipeline for 2021–2024 has already been pre-let
- 3.9m sq ft
Active and central London requirements were down 12% on the short-term average