CBRE: Central London Office, Q1 2021

Market Report provided by CBRE

transactions for the first time since the pandemic started, but at 1.3m sq ft, take-up was 56% below the 10-year quarterly average. Availability continued to increase over the period, growing by 12%, to stand at 25.3m sq ft. This was reflected in the Central London vacancy rate which increased to 8.9% in Q1.