• Take-up in Central London for Q1 2020, which saw the beginning of the COVID-19 pandemic, was 2.4m sq ft, a decline of 9% on the 10-year Q1 average.
  • Availability increased 13% over the quarter to stand in line with the 10-year average of 13.9m sq ft. The Central London vacancy rate grew to 4.5%, up from 4.0% the previous quarter.
  • Under offers increased marginally during Q1, remaining high relative to trend at 3.5m sq ft.
  • The investment market saw a slow start to the year, down 55% onthe ten-year average at £1.4bn.