London is back. Or at least is well on the road to recovery. Fresh figures from EG Radius show the green shoots of recovery witnessed in the opening quarter of 2021 continued to grow in Q2 with 1.7m sq ft of space taken up by occupiers – a 35% increase on Q1 and 50% rise year-on-year.
Investment too is bouncing back with some £2.7bn spent on office buildings between April and June 2021 – more than double the amount spent in Q1. Year-to-date investment is £3.9bn, up by 39% on the same point in 2020.
LOMA Q2 2021 uses figures from EG Radius combined with direct commentary from the market to give a comprehensive view of what this means for London in H2. The report also summarises:
• Take up by sector and submarket
• Availability rate
• Quarterly investment
Available in full to customers, those with a subscription to EG Radius can also access our full service news platform, create bespoke data reports and use our commercial property database to uncover transactions, availability and planning.