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London Offices Snapshot Q3 2022

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Our latest London offices Snapshot is now available, and includes insights on the London Offices market in Q3 2022.


Highlights include:

  • Take-up figures for 2022 confounded wider market pressures with transaction levels in Q3 above the 10-year quarterly average for the second successive period.

  • Demand for prime stock is undimmed in the year-to-date, with a focus on Grade A quality product.

  • Vacancy in the City market remains above trend, whilst new completions in the City remain sharply below trend.

  • Despite the current economic headwinds, rental levels for premium space are continuing to achieve levels well above the wider submarket averages.

  • End of year investment volumes will easily exceed 2019 and may be close to the 10-year average of £15 billion.

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London Offices Snapshot Q3 2022

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Related Experts

Guy Grantham

Director of Research and Forecasting

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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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Alex Kemp

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Alex has been working in the Central London Office Market for nearly 10 years, dealing with all aspects of office agency; providing advice to developers, landlords and occupiers in respect of leasing and acquisitions. Alex joined the growing Colliers International Central London team in October 2015 from DTZ and covers the West End, Midtown, Southbank and Northern Fringe office markets. 

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Tom Wildash

Director & Co-Head of West End Leasing

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Director and Co-head of West End Office Leasing at Colliers International with experience in advising on new office developments and refurbishments, pre-letting campaigns, disposal of tenant space and leasing and marketing advice.

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