Availability in Central London dipped to 15m sq ft at the end of August driven by marginal falls in both secondhand and new space. Consequently, availability remained at 7.2%. As a reflection of this, availability in the West End remained at 5.9 m sq ft, while City availability dropped 2% to 6.0m sq ft.
Digby Flower, Head of CBRE Central London Agency said:
“The story emerging from the Central London market over August was that take-up for the year to date now exceeds the level for the whole of 2009. This demonstrates the remarkable turnaround in the market during 2010.”Digby Flower, Head of Central London Agency.
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