LOMA Q4 2016: Who is the capital’s top office agent?

CBRE has taken the top spot in EG’s London office agents league table for a record fourth year. Disposing of 3.7m sq ft of space in 2016, the big green machine comfortably took the top spot. It finished the year 1.2m sq ft ahead of Cushman & Wakefield in second place, despite the boost to its take-up from its merger with DTZ, toppling JLL off its usual spot. Despite a tumultuous year for the London office market, CBRE’s victory was pretty unanimous. The US giant acted on both the big ticket deals, including the year’s largest – the Barclays sublet of 536,398 sq ft to the Government Property Unit at 10 South Colonnade, E14, and 500,000 sq ft to Apple at Battersea Power Station, SW8 – as well as acting on a huge number of smaller deals, taking most of the submarkets. Rounding out the top three, Knight Frank managed to take third place in the table, jointly acting on the Apple letting, and was the sole agent on the Thomson Reuters sublet of 300,000 sq ft at 5 Canada Square, E14, back in March. JLL slips from second place Last year’s number two, JLL, meanwhile came in fourth, disposing of 1.9m sq ft, its biggest deal being the 182,635 sq ft letting of Bracken House, EC4, to the Financial Times. There were, in the end, 37 disposals over 50,000 sq ft, 15 of which were in Q4, as occupiers emerged from the woodwork when it became clear that there would not be any economic meltdown, and that leaving the EU would take a very long time. “While certain sectors are more affected by an EU exit, the majority are not and that is apparent in the demand patterns,” says Chris Vydra, executive director and head of City leasing at CBRE. “We were coming to the end of the cycle, and the referendum halted it more quickly than it would have, but the market has now settled. For tenants, being in or out of the EU is just one of a number of macro challenges on the horizon.” 2016 overall league table TOP AGENTS COVERING 2016 Position Agency Disposed (sq ft) No of deals Market total (sq ft) Share 1 CBRE 3,746,152.68 234 12,983,349.57 29% 2 Cushman & Wakefield 2,521,090.82 160 12,983,349.57 19% 3 Knight Frank 2,061,146.06 97 12,983,349.57 16% 4 JLL 1,874,212.03 164 12,983,349.57 14% 5 Colliers International 1,187,474.65 179 12,983,349.57 9% 6 Savills 1,171,813 87 12,983,349.57 9% 7 BNP Paribas Real Estate 691,838.74 68 12,983,349.57 5% 8 GM Real Estate 681,170 44 12,983,349.57 5% 9 Strutt & Parker 494,810.50 65 12,983,349.57 4% 10 Allsop 404,098 42 12,983,349.57 3% 11 Farebrother 386,981 54 12,983,349.57 3% 12 Gerald Eve 349,894.12 21 12,983,349.57 3% 13 Edward Charles & Partners 305,849.43 49 12,983,349.57 2% 14 Union Street Partners 286,364.30 34 12,983,349.57 2% 15 GVA 281,111.58 28 12,983,349.57 2% 16 Tuckerman 274,591.38 56 12,983,349.57 2% 17 Ingleby Trice 253,098.68 30 12,983,349.57 2% 18 Hall Kemp 218,356.34 33 12,983,349.57 2% 19 Anton Page 193,968.68 69 12,983,349.57 1% 20 Bluebook 192,842.96 28 12,983,349.57 1% 21 Monmouth Dean 157,127.85 49 12,983,349.57 1% 22 Deloitte Real Estate 137,553 7 12,983,349.57 1% 23 Gryphon Property Partners 135,757 10 12,983,349.57 1% 24 Newton Perkins 134,914 35 12,983,349.57 1% 25 Frost Meadowcroft 130,852 29 12,983,349.57 1% 26 Pilcher Hershman 126,316 9 12,983,349.57 1% 27 HMC Surveyors 114,859.75 6 12,983,349.57 1% 28 Hanover Green 96,708 25 12,983,349.57 1% 29 Strettons 96,584.71 19 12,983,349.57 1% 30 HNG 95,910 21 12,983,349.57 1% 31 Stirling Ackroyd 95,568.60 36 12,983,349.57 1% 32 Richard Susskind & Co 94,501.51 28 12,983,349.57 1% 33 Cherryman 83,875.97 12 12,983,349.57 1% 34 Crossland Otter Hunt 83,542.93 29 12,983,349.57 1% 35 James Andrew International 79,429 6 12,983,349.57 1% 36 Ashwell Rogers 76,513.15 16 12,983,349.57 1% 37 GN2 72,269.00 5 12,983,349.57 1% 38 BDG Sparkes Porter 61,375.92 31 12,983,349.57 0% 39 BBG Real Estate Advisers 47,612.17 12 12,983,349.57 0% 40 Mellersh & Harding 46,821 22 12,983,349.57 0% 41 Metrus 39,194.82 11 12,983,349.57 0% 42 Kinney Green 38,771 5 12,983,349.57 0% 43 Spring4 33,811 10 12,983,349.57 0% 44 Howard de Walden Estates 30,945.13 5 12,983,349.57 0% 45 Levy 30,652.22 12 12,983,349.57 0% 46 DeVono Cresa 29,496 7 12,983,349.57 0% 47 Matthews & Goodman 28,494.00 9 12,983,349.57 0% 48 Glinsman Weller 27,592.28 10 12,983,349.57 0% 49 Montagu Evans 23,844 5 12,983,349.57 0% 50 Lambert Smith Hampton 23,209 6 12,983,349.57 0% 51 Miles Commercial 21,552 4 12,983,349.57 0% 52 Daniel Watney 20,564 5 12,983,349.57 0% 53 Robert Irving Burns 20,548.53 9 12,983,349.57 0% 54 Cluttons 20,204.31 2 12,983,349.57 0% 55 Houston Lawrence 19,614 3 12,983,349.57 0% 56 Fresson & Tee 19,319 6 12,983,349.57 0% 57 Dron & Wright 18,957 9 12,983,349.57 0% 58 Boston Gilmore 16,221.47 3 12,983,349.57 0% 59 Lorenz Consultancy (The) 15,172 6 12,983,349.57 0% 60 Paul Belchak & Company 14,641 4 12,983,349.57 0% 61 Braham Good 14,335 2 12,983,349.57 0% 62 Copping Joyce Chartered Surveyors 13,403 2 12,983,349.57 0% 63 Juniper Real Estate 12,022 1 12,983,349.57 0% 64 Squarebrook 11,997 2 12,983,349.57 0% 65 Jarvis Keller Stephens 11,246 1 12,983,349.57 0% 66 Carter Jonas 11,234 3 12,983,349.57 0% 67 Morgan Pryce 11,026 2 12,983,349.57 0% 68 Field & Sons 9,101 2 12,983,349.57 0% 69 David Menzies Associates 8,805 1 12,983,349.57 0% 70 Harper Dennis Hobbs 8,557 2 12,983,349.57 0% 71 Brecker Grossmith 8,434 1 12,983,349.57 0% 72 Capita 8,429 4 12,983,349.57 0% 73 Thompson Yates 8,120 3 12,983,349.57 0% 74 Currell Commercial 7,626 4 12,983,349.57 0% 75 Capital Real Estate Partners 7,600 1 12,983,349.57 0% 76 J Peiser Wainwright 7,496 2 12,983,349.57 0% 77 Michael Boardman & Associates 6,996.43 2 12,983,349.57 0% 78 Dominion Commercial Property Agents 6,738 1 12,983,349.57 0% 79 Feiner deSmith 6,437 4 12,983,349.57 0% 80 Elsworth 5,900 1 12,983,349.57 0% 81 Hartnell Taylor Cook 5,776 3 12,983,349.57 0% 82 Dobbin & Sullivan 5,339 1 12,983,349.57 0% 83 Gale Priggen & Co 5,300 1 12,983,349.57 0% 84 Beacon Wood 5,000 1 12,983,349.57 0% 85 Kalmars 4,866 2 12,983,349.57 0% 86 Christo & Co 4,500 1 12,983,349.57 0% 87 Eddisons 4,228 1 12,983,349.57 0% 88 Workplace Company (The) 4,213 2 12,983,349.57 0% 89 Lambourn Commercial (Formerly Collins Lambourn) 4,134 1 12,983,349.57 0% 90 Martin Levy Commercial 4,055 1 12,983,349.57 0% 91 Savoy Stewart 4,012 1 12,983,349.57 0% 92 Koopmans 3,950 3 12,983,349.57 0% 93 sbh Page & Read 3,878 1 12,983,349.57 0% 94 Fletcher King 3,207 1 12,983,349.57 0% 95 Langham Estate Management 3,180.50 2 12,983,349.57 0% 96 Philip Wragg & Partners 3,014 1 12,983,349.57 0% 97 Edward Symmons (now trading as Lambert Smith Hampton) 2,657 1 12,983,349.57 0% 98 Stilring Ackroyd 2,640 1 12,983,349.57 0% 99 Tarn & Tarn 2,608 1 12,983,349.57 0% 100 Ostroumoff 2,511 1 12,983,349.57 0% 101 Masons Property Advisers 2,406 2 12,983,349.57 0% 102 Northam Clover 2,384 1 12,983,349.57 0% 103 Lonic 2,340 1 12,983,349.57 0% 104 White Druce & Brown 2,219 1 12,983,349.57 0% 105 PSK Knighton 2,120.51 1 12,983,349.57 0% 106 Simon Korn Commercial Property Agents 2,015 1 12,983,349.57 0% 107 Wright & Partners 1,870 1 12,983,349.57 0% 108 Cooper Chen 1,737 1 12,983,349.57 0% 109 Hiller & Partners 1,409 1 12,983,349.57 0% 110 dohertybaines 1,400 1 12,983,349.57 0% 111 Krystal Estates 1,250 1 12,983,349.57 0% 112 Davis Brown 1,200 1 12,983,349.57 0% 113 Turner Morum 1,200 1 12,983,349.57 0% 2016 overall acquisitions TOP AGENTS COVERING 2016 Position Agency Sq ft No of acquisitions 1 Cushman & Wakefield 1,790,057.72 54 2 CBRE 1,442,465 73 3 Knight Frank 708,630 44 4 BNP Paribas Real Estate 587,674.21 10 5 JLL 473,738.93 41 6 Colliers International 457,191 29 7 GVA 300,083 10 8 DeVono Cresa 283,056.82 28 9 Monmouth Dean 207,500.11 38 10 GM Real Estate 174,760.91 4 11 Kontor London 170,778 9 12 BDG Sparkes Porter 161,929 11 13 Savills 147,718.34 21 14 Newton Perkins 111,447 26 15 Workplace Company (The) 96,566.83 43 16 Capita 95,678 2 17 Crossland Otter Hunt 86,689 13 18 Harrison Leggett 71,113 10 19 Carter Jonas 64,311.04 10 20 Cluttons 62,259 2 21 Strutt & Parker 58,496.6 10 22 Allsop 57,595 5 23 Gryphon Property Partners 50,854 4 24 GN2 44,170 2 25 Spring4 43,533 2 26 Edward Charles & Partners 36,118 9 27 Mellersh & Harding 36,108.47 8 28 Levy 28,344 9 29 BBG Real Estate Advisers 27,625 2 30 Bluebook 26,340 7 31 Ann Walshe Associates 26,097 1 32 Farebrother 23,402 2 33 Ingleby Trice 23,117 3 34 Tuckerman 22,967 5 35 Hanover Green 22,580 4 36 HS Property Consulting 20,271 1 37 Savoy Stewart 19,474 1 38 Lambert Smith Hampton 18,792 2 39 Noble Harris Partnership (The) 17,259.13 2 40 Hall Kemp 15,102 3 41 Peers Partners 13,000 1 42 Hanlon Bennett 12,767 1 43 Summit Property Advisors 12,763 1 44 Matthews & Goodman 12,658 5 45 Trilogie CRE 11,705 1 46 REM Roberts 10,744 1 47 Kinney Green 10,409 1 48 Metrus 9,029 3 49 Altus Maxwell Brown 9,025 1 50 Ashwell Rogers 8,992 3 51 Squarebrook 8,725.68 3 52 Stoneway Real Estate 8,522 2 53 Dron & Wright 8,234 1 54 HB Surveyors & Valuers 7,600 1 55 Bond Woodhouse 7,364 1 56 Simon Garfield 6,989 1 57 Frost Meadowcroft 5,592 1 58 Mungo Property 3,798 1 59 SHB 10 Property Consultants 2,332 1 60 dohertybaines 2,000 1 61 Green Kinnear Real Estate 1,740 1 62 Adams Burnett 1,721 1 63 Richard Susskind & Co 1,356.26 1 64 Simon Korn Commercial Property Agents 1,029 1 • To send feedback, e-mail alex.peace@estatesgazette.com or tweet @egalexpeace or @estatesgazette LONDON OFFICES MARKET ANALYSIS Q4 2016   • Analysis – offices drop by 25% but rate of descent slows • Who is London’s top office agent? • London offices breakdown by submarket • London office investment down by 25% in 2016 • Who is London’s top Q4 agent? • Four things you need to know about the London offices market RELATED ARTICLES   • London Offices Market Analysis: Q3 2016 Take-up fell by more than a third in Q3 year on year and investment plunged to record lows. Is it a sharp shock post the Brexit vote or a sign of worse things to come?  • CBRE takes Q3 2016 London office crown Top 25 agents revealed amid EU referendum slowdown • London Offices Market Analysis: Q2 2016 • London Offices Market Analysis: Q1 2016