London office rental growth

CBRE data shows that tenants took up 3.2m sq ft of London office space in the final quarter of 2021, which is the strongest take-up since the end of 2019. In addition, 35% of central London office space under construction is already let or under offer. Take up was up 63% for the whole year compared to 2020. Creative industries took the largest slice of space last year, followed by banking and finance. The largest pre-let deal of these totalled 267,000 sq ft at 1 Broadgate, EC2, which will be occupied by Allen & Overy once complete.

City A.M.