Central London office take-up grew in Q1, showing high demand for Grade A space

Central London office take‑up is gaining momentum.

New Savills research shows Q1 activity was up 6% vs the same period last year. And, with Grade A space representing 92% of the total take-up, it is clear to see occupiers prioritising quality, sustainability and location within their decision making. 

This data reflects what we have been championing at CO—RE within our award-winning developments across central London: that well‑designed, future‑ready offices continue to attract demand, despite the complex economic backdrop. 

Early this year Bradley Baker, CO—RE CEO spoke to Property Week’s Tim Clark about his optimism on the market, and the continued demand for high quality space, sharing:

"I think over the next two years, we will see a continuation of very low vacancy rates. We will see rental increases, and we will see occupiers demonstrating that if they want to attract the best talent they’ve got to have aspirational-quality space in the right locations.”

Read more of Bradley’s conversation on London’s resilient office market, here. 

To see the latest insights from Savills, click here.