The Leasing Market

The impact of tenant release space is expected to be felt at submarket level. Overall, the supply of premium office space is likely to remain tight for the foreseeable future.

An ongoing shortage of supply – particularly of high-end office space – is keeping vacancy rates relatively low, despite the Covid-19 pandemic.

While the Covid-19 pandemic has resulted in many of us working remotely, a shortage of prime office space has protected the market from a slump in prime rents.

Despite the negative impact of the Covid-19 pandemic on take-up, the outlook remains positive for the prime London office market.

The Covid-19 pandemic has, unsurprisingly, subdued tenant demand for office space. But rent levels remain healthy and there is considerable evidence to suggest that demand is being deferred.