Our London Office Market Snapshot. 2020 Q4
Summary
- Source: SHB Real Estate
- Market: Office
- Date: Feb 2020
Key take aways
- How will vacancy rates change over the coming quarters
The big question now is amongst all these new buildings being started, how will vacancy rates change over the coming quarters and years before these new buildings hit the market as this will determine the rental levels that will be quoted.
- Financial Services Sector accounting for over a quarter of the space taken in Q4
Predictably leading this is the Financial Services Sector accounting for over a quarter of the space taken in Q4, followed closely by Government & Services with 23% and then a drop down to TMT which accounted for 16% of take up.