London office agents advised on a record-breaking 383 leasing transactions in the first three months of 2018 – more than any other Q1 period on record.
This breaks the record set just last year, when 356 lettings were completed.
Record breaking Q1 for London office transactions
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London office agents advised on a record-breaking 383 leasing transactions in the first three months of 2018 – more than any other Q1 period on record.
This breaks the record set just last year, when 356 lettings were completed.
Availability volumes rose by 41% in 2017, from 1,394 units at the start of the year to 1,960 by the end.
Sub-5,000 sq ft spaces comprised the vast majority of units available, as the rise of the serviced office sector began to have a perceptible impact on the wider London market.
With such a high volume of available units flooding the market, an increase in demand for smaller spaces helped power take-up this quarter.
So, what was the amount of space let across this active opening quarter?
Find out later today by tuning into our webinar, where we will discuss everything related to London offices – revealing the latest market stats for Q1 2018, and crowning the top agents for disposals and investment.
Click here to register
To send feedback, e-mail graham.shone@egi.co.uk or tweet @GShoneEG or @estatesgazette
