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London office lettings in March 2012 as researched
by Cityoffices, reached 800,000 sq ft, in line
with recent monthly totals. The largest letting
was Pushbutton's near 50,000 sq ft deal at the
Glasshouse building in EC1. A healthy 70 deals of
5,000 sq ft or more were recorded in the month. - (18-04-2012)
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The latest Drivers Jonas Crane Survey, researched by Cityoffices.net, has found that despite 10.3m sq ft under construction (of which 7.15m sq ft is available to let) there were only six significant starts in Q4 2008 and Q1 2009. There are 30 buildings available to let at the moment of greater than 100,000 sq ft. DJ said developers should expect more prelets in 2010-11 for completion in 2013. Tenant’s choices will be reduced over the next few years. In addition short-term lease extensions being agreed now could generate further demand.
- (11-06-2009)
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