London office investment activity soars in Q4 2019
Total take-up last year stood at 12.8 million sq ft, down on the 14.8 million registered in 2018.
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Despite the fall, market activity has remained robust and diverse. This, despite one of the most complicated and divisive political climates in recent memory; a testament to the resilience and attractiveness of London as a magnet for talent, businesses and investors.
Defining market themes in Q4 included:
• A flurry of post-election deals lifts investment turnover by 94% in Q4 2019
• Spiking in pre-let activity could signal a structural shift in the market, with more occupier-developer-landlord partnerships to come
• The persistent supply shortage expected which will underpin new record rents across the board
To review the latest London office market performance statistics, see latest London Offices Spotlight.