The second half of 2016 saw London CRE deals volumes plummet by 23% in comparison with 2015, outstripping the national drop of 18%.
Rental tone for office and industrial property in London continued to grow despite the fall in overall activity – albeit with both sectors seeing a deceleration of their respective growth rates.
Of all London properties that were marketed immediately after the referendum in Q3 2016, only 7.2% were let or sold within three months – mirroring the proportion from the previous quarter, and staying ahead of the rest of the UK, which saw just 5.6% of all properties transact that quickly.
