Central London Office Market Dynamics, Q4 2025

Annual take-up of 10.6 million sq.ft. marked Central London’s best leasing performance in six years, exceeding both 2024 levels and long-term trends.

Supply constraints intensified as new-build vacancy reached its lowest level in five years at 1.2%, with the development pipeline offering limited speculative availability.

Investment activity strengthened significantly with £9.5 billion traded – representing a substantial 52% annual increase.