West End sublet office market shrinks in first half of 2018

1 Page St London

The amount of office space sublet or available to sublease from corporate occupiers has decreased in the West End in the first half of 2018 despite buoyant growth expectations, new data has revealed.

A Savills report showed that the sublet office market shrunk to 1.2m sq ft in the first half of the year from more than 1.3m sq ft during the same period in 2017.

‘Tenant space’, the office space that has been sublet or is available to sublet, has “plateaued” despite expectations of growth, Savills said.

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