Commercial Real Estate Analysis of Central London Office Space
Our quarterly review of the central London office occupier and investment markets.
The topic of high-quality space is remaining as relevant as ever in London with “flight to quality” being a common theme. The need for environments which enhance employee’s wellbeing and collaboration is key for the working population to be willing to commute into the city, even if it is not yet to levels that were previously seen pre-pandemic.
With over £5 billion spent by investors in the opening quarter, Q2 marked an expected slowdown in transaction volumes with £2.7 billion spent, representing a 19% decrease on the last five year quarterly average. Nonetheless, 2022 has demonstrated the strength and robustness of the London office market with the current half year spend at £8.0 billion, representing an increase on H12021 and H12020 by 42% and 160% respectively.