Crisis? What crisis?
15 May 2018
The incidence of pre-letting - where occupiers commit to taking newly developed space ahead of its completion - is considered to be a good metric regarding the vitality of any property market.
On that basis, the Central London office is enjoying robust health at present. Our analysis of the first three months of this year, shows that pre-letting activity was considerably above trend (+40%) with five separate deals in excess of 50,000 sq ft.