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London Offices Snapshot October 2021

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  • Demand for office space across London, while continuing to improve, remains skewed towards better quality space.

  • Occupation levels vary from industry to industry with market focussed operations seeing a healthy return to the office against sectors where remote and hybrid working is now the norm.

  • Availability of second-hand accommodation remains elevated although, for the time being, the release of tenant space has slowed, with even evidence of some re-absorption.

  • Headline rental levels remain robust and we still expect uplift in 2022, driven by demand for quality alongside tight supply.
      
  • While investment volumes are still below trend, a strong final quarter of activity is anticipated, with a number acquisitions of £100 million plus lots set to change hands. 

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London Offices Snapshot October 2021

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Related Experts

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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