LOMA Q1 2021 uses figures from EG Radius and Propertylink combined with direct commentary from the market to give a comprehensive view of what this means for London going forward.
Despite continued suppression of activity due to a third nationwide lockdown, there were signs of stability with occupiers taking 1.3m sq ft in new lettings – a healthy increase of 43.3% against last quarter. Although this is still less than half the five-year average for quarterly take-up, it give grounds for cheer as the nation begins to plot its path to recovery.
The report also summarises:
• Take up by sector and submarket
• Pipeline for the rest of the year and 2022
• Leasing activity by business sector
• London-wide and submarket supply rate movement
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