02 Sep 2013 Back

LONDON OFFICES

Office supply availability has dropped in Midtown and we have been informed that office take-up in the second quarter this year has moved up. Some noticeable transactions that have added the improvement in demand in Midtown is 40 Chancery Lane which Publicis Groupe moved into Derwent London's 97,400 SQ FT office scheme.Great Portland Estate too have seen strong interest in their scheme 12-14 New Fetter Lane EC4 following a sizeable pre-let agreement.

Victor Harris Commercial note in midtown that the most significant demand from occupiers is from those in the Technology Media or Telecoms sectors. Following our recent article the area has also been experiencing high demand from International Businesses however this is a trend throughout London.

We believe this information is positive especially following recent news announcements that highlight the unemployment rate has dropped further closer to £2.5 unemployed.

For a more detailed office analysis please feel free to e-mail us Victor Harris Commercial.





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