London Office Market Continues to Slump

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Last week, research company CoStar published the “Central London Office Market Report” which revealed some alarming results involving the current state of the London property market. It was exposed that London’s Central Office take-up had fallen a staggering 50% in the first half of the year.  The report also uncovered a 74% plunge in Midtown office take-up where 14.8m sq ft is currently available and a 54% plunge in the West End market with 4m sq ft of accommodation sitting unoccupied. According to Property Week magazine the report ‘will be a barometer for the market’ with London City proving to have the biggest property market fall.

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