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Central London take-up for the quarter totalled 3.2 million sq ft, the highest quarterly take-up since Q4 2010, 24% up on the previous quarter and 42% up on the five-year quarterly average.
A marked upturn in sentiment continues to bolster both investor and occupier confidence as Central London remains at the forefront of the nascent UK economic recovery.
Bumper office take-up in Leeds means the city could be forced to turn away large occupiers because of a lack of supply, according to a report from Lambert Smith Hampton.
Upbeat sentiment drives double digit returns
Quarterly review of the regional office occupier markets
The significant level of office development in Cardiff over the past fifteen years has been focused south of the train station at Callaghan Square, Dumballs Road and Cardiff Bay Construction fell sharply after the peak in 2008 but has picked up recently with the 200,000 sq ft pre-let development to Admiral Insurance, in the city’s traditional core.
The TMT sector will acquire 1.6m sq ft of office space in the City by the end of the year according to research published today.
Having been largely ignored for the past 20 years, the energy sector in the UK is about to enter a period of rapid transformation.
Warsaw’s modern office supply has reached 4 million m2. The vacancy rate has gone up further, despite sound office demand.
Q2 2013 saw relatively little activity across the West End, with only 532,319 sq ft let, 65% down on the previous quarter when Google let 860,000 sq ft at King’s Cross Central.