London office submarket league tables 2018

Radius Data Exchange analysis reveals the most active leasing agents by submarket in 2018. JLL triumphed in the City Core last year, acting on more than 1.7m sq ft to secure a 33.5% market share by space disposed. With 83 individual deals, JLL was also the most active agent by transaction volume. Key to this was the 161,000 sq ft letting to Sumitomo Mitsui at 100 Liverpool Street, EC2, as well as two significant deals at 135 Bishopsgate, EC2, for McCann and TP ICAP. All three of these were jointly disposed with second-placed CBRE. BH2 came third thanks to its involvement in the largest deal of the year in the City Core – 589,400 sq ft for the Chinese Embassy at Royal Mint Court, EC3 – on which it acted jointly with Knight Frank. Having won all four quarterly titles in the City Fringe submarket, it comes as no surprise to see Colliers International taking top spot in the full-year rankings. More than 100 individual transactions, spanning nearly 623,000 sq ft saw it end 2018 with a 36% market share – enabled by significant transactions at 25 City Road, EC1, to Spaces; and 36,000 sq ft to MacMillan Publishers at The Smithson, EC1. Anton Page struck 63 individual deals, making it the second-most active agent. Almost 169,000 sq ft transacted gave it a 10% market share. CBRE took the annual Docklands title, disposing of nearly 330,000 sq ft across 12 deals to secure a 45% market share. Significant to its victory was the 113,000 sq ft disposal to the Competition and Markets Authority at 25 Cabot Square, E14, which it jointly brokered with second-placed Knight Frank and sixth-placed Squarebrook; as well as letting 83,000 sq ft to The Office Group at One Canada Square, E14, alongside JLL and BH2. JLL’s top-three position was helped by acting on the largest Docklands deal this year, to BGC International at 5 Churchill Place, E14. Victory in Midtown helped anchor Cushman & Wakefield’s retention of the overall leasing crown in 2018, securing a 41% market share through more than 1m sq ft of disposals. Together with second-placed Savills, Cushman acted on the 615,000 sq ft prelet to Facebook at King’s Cross Central, N1; and disposed of 53,800 sq ft to Gartner at Salisbury Square House, EC4, alongside sixth-placed BH2. Two deals struck late in the year helped CBRE into the top three, after it advised on the 73,000 sq ft letting to Deloitte at Athene Place, EC4, and advised the landlord on a 49,000 sq ft letting at the Post Building, WC1. Farebrother edged ahead of CBRE to become the most active agent by number of deals, with 45 individual transactions giving it a 9% market share. Union Street Partners took the Southern Fringe 2018 title after winning three out of the four quarterly prizes this year. It acted on 55 deals totalling 369,000 sq ft to take a 35% market share across the 12 months. Together with second-placed CBRE, it disposed of the largest single deal in the submarket this year – 100,000 sq ft to WeWork at Friars Bridge Court, SE1 – and also acted on 26,100 sq ft to the same occupier at Stamford Street, SE1, along with JLL and CBRE. CBRE was victorious in the West End, advising on more than 1m sq ft of landlord space across 91 transactions to secure a 30% market share. It acted on two of the largest three deals in the submarket this year, including the 82,500 sq ft deal for Spaces at 25 Wilton Road, SW1, alongside fifth-placed Savills, and Sony Pictures’ 77,000 sq ft letting at the Brunel Building, W2, which it jointly disposed with second-placed Cushman & Wakefield. Knight Frank was helped into third position by acting on the largest individual deal in the West End this year, which came in December as WeWork confirmed a 159,000 sq ft deal at 5 Merchant Square, W2. See also: London office market analysis: Top agents revealed To send feedback, e-mail graham.shone@egi.co.uk or tweet @GShoneEG or @estatesgazette