Central London Office Market Dynamics | Q1 2026 | JLL Research
Summary and analysis of Central London's current office real estate market conditions.
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$24.7B
JLL office global production volume in 2024
380M+
Square footage of JLL office leasing transactions globally in 2024
29,000+
JLL global office leasing transactions in 2024
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Client story
The Aviary: raising the bar for sustainable office retrofit
Realising performance, sustainability, and market success
A view from JLL
“Office-curious investors are now office-serious investors. Bidding pools have now increased 65% year on year and the number of larger deals has nearly doubled as more institutional buyers have returned. We are at the beginning of a liquidity cycle, I have never seen as much capital chasing investments. The first movers will perform.”
Mike McDonald
Senior Managing Director, Capital Markets Office Group Leader
A view from JLL
“Despite high vacancy rates, prime office space is increasingly scarce across Europe and the U.S. and tenants will struggle to find bargains as rents remain near record highs. Organisations need to plan far in advance to secure quality space in this evolving market”
Andy Poppink
Global CEO, Leasing Advisory
News release
JLL arranges $443M sale of 701 Brickell, second largest office sale in Florida history
JLL Capital Markets arranged the $443 million all-cash sale of 701 Brickell, a highly sought-after Class AA office building in Miami's financial district.
Client story
Gregory & Appel’s relocation propels them from historic foundations to future growth
An Indianapolis insurance firm turns an unexpected move into $4 million in savings and a vibrant new workspace with help from JLL
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