Annual rise in Central London office take up

The market with the largest increase was Docklands where take up jumped from 9300 sq ft to 90,200 sq ft, boosted by the 74,700 sq ft deal by the Financial Ombudsman Service at 191 Marsh Wall.

Office availability in Central London rose marginally in January and now stands at 16.1million sq ft as more second-hand space came back onto the market. This represents an availability rate of 5.3%.

Emma Crawford, Executive Director, CBRE said: "After a particularly strong end to 2011, take-up in January 2012 was significantly higher than at the same point a year ago. Space under offer has fallen over the past few months, but requirements are still at a healthy level and we remain optimistic that this will translate into activity in the market."

Space under offer fell to 1.82million sq ft, the lowest level since June 2009, but active requirements in Central London are well above the long-term trend at 11.19million sq ft.

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