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London Offices Q3 Snapshot

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30 04 20 london west end

In this month’s London Offices Snapshot we highlight –

  • Further restrictions due to a worsening R rate across the entire UK, is acting to cause the recovery witnessed in late summer to stall. 
  • Vacancy is starting to rise across the wider London market as the slowdown in deals execution begins to impact upon absorption. London wide vacancy is now up to 6% in Q3 but still below the long term (20 yrs) average 
  • Transaction levels will remain subdued for the remainder of 2020 with only relocations planned pre-COVID or forced movers likely to be in the market.
  • Annual investment volumes to date total £5.7bn and despite improvement in Q3, 2020 levels remain close to 30% down on the equivalent period in 2019

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London Offices Q3 Snapshot

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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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