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Central London Office Briefing, Q2 2012

Report Authors: GVA

Report Summary:


West End occupier market

During a quiet Q2 2012, only 419,441 sq ft was let. This figure is 62% down on the previous quarter, but still 40% down on the fiveyear quarterly average. We believe that Q3 2012 will be busier due to the large amount of deals currently under offer.

City occupier market

Take up for Q2 2012 totalled 1.4 million sq ft, up 18.4% on the five-year quarterly average and 75% up on the previous quarter. This is the highest quarterly take up since Q3 2010.

Docklands occupier market

Take up for the second quarter of the year totalled 66,031 sq ft, 28.5% down on last quarter and 78.3% down on the five-year quarterly average.

Central London investment market

Investment transactions in central London for Q2 2012 totalled £3.9 billion, a 21% increase on £3.2 billion in Q1 2012 and 71% up on the five-year quarterly average.

About the Author:

GVA’s award winning Research team provides high quality research and analysis to the business and its clients. Our market commentaries, thought leadership pieces and consultancy advice drive industry debate, distinguish GVA from its competitors, and add value for our clients.