Central London office space take-up has overtaken a 10-year average in the third quarter of 2017 with more people looking for West End Offices.
Despite the fears about the effect which Brexit would have on the London Property Market, the capital has proven itself resilient to external threats and the market has grown. Take-up of office space was at 3.4 million square foot, beating the 10-year average take-up of 3.1 million square foot, according to the latest figures.
The largest deal of the quarter was a proposed development at 21 Moorfields, connected to the new Crossrail station and the largest space under offer was a part of the Stage Development in Shoreditch.
However, the part of London which was the biggest beneficiary of this increase in office space take-up was our very own local area, the West End. Indeed, three of the deals for spaces over 100,000 square foot took place in the area, showing how attractive this vibrant region of London is for all businesses.
Robert Irving Burns have shared in this experience of the West End Market and our Head of Commercial Leasing Elliot Simmons commented “The West End is a vibrant and dynamic area, with a wide variety of companies searching for office space, from media and technology companies in Fitzrovia and Soho, to major hedge funds looking for Mayfair headquarters. There is great appetite for office space in the West End and we look forward to completing even more deals on the exciting array of property we have available.”
To view the range of offices we have available in the West End area, take a look at our dedicated page for West End office space or visit our Fitzrovia Offices.
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