Office Occupancy On The Increase
The City of London office market is reported to have made a full recovery from the 2008
financial crisis according to a new study.
The report, based on data from TheCityUK, highlights the
fact that occupancy
figures for City of London offices have now increased to levels not seen since the 2008 downturn. The study reports a sharp increase
in take-up between January and March this year reducing the vacancy rate by
As a footnote
and counterbalance TheCityUK report that the completion of several new
buildings will add to the level of available supply. This may reverse the
recent trend and lead to a stabilisation or increase in the vacancy rate.
For further information please contact David Alcock or Jon Beilin.
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