London sees surge in office leasing activity with take up 80% up on last month

There has been a surge in leasing activity in London with office letting activity up 80% on last month to 1.1million sq/ft says CBRE. Lifting demand significantly for office design, office refurbishment and office fit out london requirements. This is the highest level since December 2010.

As a result of Aon’s completion on the pre-let of 191,700 sq ft at British Land’s Leadenhall Building, the City was the strongest performing Central London market.

In addition second hand space rose by over 7% with more space becoming available taking the total to 15.6million sq/ft.

Active requirements in the Central London market rose by 5 per cent in November to reach 13.1 million square feet. The West End saw the most significant leap in demand, rising by 15 per cent to 4.9 million square feet.

Key leasing transactions in November 2010 included:

• Aon Limited – 191,729 sq ft at The Leadenhall Building, EC3
• Deloitte – 87,558 sq ft at Murray House, 1 Royal Mint Court, EC3
• Turner & Townsend Group – 30,196 sq ft at 7, Savoy Court, WC2
• London Borough of Camden – 137,670 sq ft at Phase 3, King’s Cross Central, NW1