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Central London - Q1 2013

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Central London - 1Q 2013

Take-up totalled 2.6 m sq ft, although this was heavily influenced by Google’s purchase of its 800,000 sq ft headquarters building which boosted the results in an otherwise slow quarter. However, sentiment remains positive.

Supply rose to 17.9 m sq ft, although the vacancy rate remains relatively low at 7.8%. There is 9.0 m sq ft under construction, one-third of which is already pre-let.

Investment turnover fell to £2.6 bn, although interest in Central London assets from both domestic and overseas investors remained strong. Prime yields were stable in both City and West End markets.

Source : Knight Frank

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