Central London Office Briefing, Quarter 1 2012
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.
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