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London Offices Snapshot March 2021

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130720RICSvaluationchangewelcomenewsforLondonofficemarketHERO

The London office market has endured exceptional circumstances over the past 12 months but after the sharpest drop in demand in modern memory, there is evidence of a thaw after the long hard winter. In this month’s London Offices Snapshot, we highlight – 

  • Viewings are up, some occupiers are genuinely revisiting relocation/expansion plans and there appears to be a notable easing of release of tenant space.
  • With hard numbers backing up optimism and quarterly transaction figures set to surge above 1.5 million sq ft for the first time in 12 months, the much touted pent-up demand appears to be emerging. 
  • The prospects of reducing government support packages and corresponding occupier distress in the autumn suggests that 2021 is still far from being business as usual. Watch this space for more insight throughout the year. 

130720RICSvaluationchangewelcomenewsforLondonofficemarket

London Offices Snapshot March 2021

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Guy Grantham

Director of Research and Forecasting

Research and Forecasting

London - West End

Guy has been a property research professional for 23 years and gained extensive knowledge of the UK and Global property markets. He has worked closely with a wide variety of major developers, landlords and occupiers in a consultancy capacity. Instrumental in supporting Hines' purchase of Brindleyplace for £200m, on which Colliers advised. He is now specialising in the London Office market using his extensive knowledge and experience to provide market leading insight into current occupier, investment and development trends.

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