London Office Market drops by 25%, but the fall is slowing6th March 2017
After the referendum vote and world politics dominated our markets and headlines, the London office market has gone through a rocky patch. After a drop in Q2 and Q3 London’s lowest quarter of take-up since the Euro crisis in 2011, there are now signs that the fall is slowing down in Q4.
Partly down to the realisation that the world has not quite ended yet. That Brexit will take a long time to resolve or have an immediate effect on the market, deals and lettings are still taking place. This has been helped by new found confidence of big corporates like Apple letting in Battersea, at the end of September last year.