Demand for
central London offices rose during the second quarter, new figures have revealed.
Take-up of premises in this part of the capital registered a ten per cent increase compared with the previous three-month period, according to Equipe statistics reported by City AM.
This rise was driven by a 22 per cent leap in demand for
West End offices, which included Double Negative's leasing of 160 Portland Place and Google's shift to Central St Giles.
The latter development has 408,000 sq ft of office space, along with retail and residential offerings. Google took 160,000 sq ft in May as part of a strategy to move some of its UK team from its current site in Victoria later this year.
Overall, some 834,000 sq ft of office space was taken up in the second quarter, Equipe said. Other highlights included a sharp rise in the popularity of east
central London offices, particularly among companies in the media and technology industries, with Farringdon experiencing growth of 125 per cent and EC1 increasing by 30 per cent.
Posted by Emma Davies
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