Just in case you missed EGi's Q1 findings on the London Office Market, here's a snippet and a link to the full report.....
There might be a buzz and sense of excitement around London in 2012 with the Olympics fast approaching and the Jubilee around the corner, but it does not appear to be translating into office lettings. EGi's London Offices Market Analysis for Q1 has reported a meagre half a million sq ft of take up in the City Core for the last quarter - should the figure be similar for the three remaining quarters of the year then the annual total will be well below the five year average of 3.8 million sq ft. The West End - littered with lettings to high-end retailers - faired somewhat better with just under 800,000 sq ft let which would put it on course to just about match the five year average.
With respect to the all important league tables, Jones Lang LaSalle sit top of the tree in the overall table for the first quarter of the year, followed by DTZ who have started the year strongly. H2SO climbed into the top 10 for the first time since 2010, having disposed on the Savills deal at 33 Margaret Street and also Ashdown House to Jimmy Choo. In the sub-markets, CBRE topped City Core and Docklands; Jones Lang LaSalle took the City Fringe and the West End; Monmouth Dean finished on top in Midtown; and EA Shaw finished ahead in South Bank.