Central London Office Market Proves Resilient in 2012

CENTRAL LONDON OFFICE MARKET PROVES RESILIENT IN 2012
31 Dec, 2012, London

Despite a backdrop of a continued economic uncertainty, the Central London office market has proved resilient over the year according to the latest report from real estate consultants Cushman & Wakefield, which predicts that take up of new office space in Central London for the year to December will be 7.3 million sq ft, marginally below the 2011figure of 7.8 million sq ft. This latest report highlights the emergence of the Media & Tech and also insurance sectors as key drivers of demand, and that the continued growth of these sectors combined with a peak in lease expiry events in 2015, will result in a healthier leasing market over the next 12 months as occupiers are forced to consider their office space options.

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