Central London Office Briefing, Q2 2012
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.
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