Central London office leasing levels exceed last year

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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