Office leasing

"Take-up drops amidst Covid-19 uncertainty, whilst space under offer remains at a high level"

"City was seeing a strong first quarter until the lockdown began last month"

"Lowest Q1 take-up in twelve years with transactional activity down a third on the long-term average"

"Grade A rents slump by 5.2% in Q1 Grade A office rents plunged by 5.2% over Q1/2020, the worst quarterly performance since the 2008/2009 financial crisis, with the average vacancy rate rising to over 5%."

"With delays for future schemes expected, the constraint on supply is anticipated to get tighter"

"Underlying demand continues to remain strong, though a short-term drop is expected"

"Under-offers rise to 2.4m sq ft, as the City is set to overcome a sluggish start to the year"

"Strong start to the year with space under offer at 1.3m sq ft and active requirements up by 42%"

"City showed significant rental growth during 2019 as a result of strong take-up and low supply"

"December brings year-end boost to leasing, as financial sector take-up hits a near record level"