Central London Office Briefing, Quarter 1 2012
Report Authors: GVA
Report Summary:
West End occupier market
During Q1 2012, 785,658 sq ft was let, 23% down on the previous quarter but still 9.9% up on the five-year quarterly average.
City occupier market
Take up for Q1 2012 totalled 792,918 sq ft, down 33.9% on the five-year quarterly average and 20.8% down on the previous quarter.
Docklands occupier market
Take up for the first quarter of the year totalled 92,359 sq ft, 60.1% down on last quarter and 72.6% down on the five-year quarterly average.
Central London Investment market
Investment transactions in central London for Q1 2012 totalled £3.2 billion, 79% up on the £1.8 billion in Q4 2011 and 36% up on the five-year quarterly average. Indeed this was the highest quarterly total since Q3 2007.
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.
