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London Offices Snapshot Q4 2022

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London Offices Snapshot Q4 2022 Search

Our Q4 2022 London Offices Snapshot report is now available, and includes insights on the London offices market.


Highlights include:

  • While London numbers for 2022 were encouraging in the face of a politically and economically turbulent latter half of the year, up by 22% year-on-year, the prospects for 2023 herald an equally challenging environment.
  • Prime rental levels will likely continue to see upward pressure in 2023, particularly for premium product, but as voids for secondary space reach a peak, average rents can expect to be stable at best.
  • Investment volumes ended 2022 on a low as economic instability and rising borrowing costs ate away at investor confidence. However, swift pricing adjustments and appropriate responses from vendors should aid a gradual recovery through H1 2023.
  • Appetite for premium product remained undimmed in 2022  and with pre-letting activity in the West End rising to a 20-year high. With new EPC regulations coming into force in April 2023, the spotlight will be even brighter on buildings with lower than E Grade certification, or those not up to the increasingly exacting standards set by modern blue chip occupiers.

London Offices Snapshot Q4 2022 Search

London Offices Snapshot Q4 2022

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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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Alex Kemp

Director & Co-Head of West End Leasing

Landlord & Occupier Advisory

London - West End

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

Landlord & Occupier Advisory

London - West End

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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Christopher Dunn

Head of Insights

Landlord & Occupier Advisory

London - West End

Chris began working in the property industry working at rating specialist CVS in 2014. In 2015, Chris joined Cushman & Wakefield as an Analyst focusing on the West End office market and progressed to Associate Director in the UK Research & Insight team, leading the London Offices Research function. In 2021, he joined Colliers as Head of Insights for the London Offices team, with responsibility for producing forward-looking thought leadership content on key trends that are impacting London.
Chris regularly presents to clients and contributes to industry publications on topics relevant to London offices.
Chris holds a LLB (Hons) in Law from Aberystwyth University and a MRes in Entrepreneurship & Innovation from Loughborough University.
 

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