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Research

Report

The Central London Market Q3 2013


Market activity has accelerated rapidly in the past six months. Activity has grown across all markets and take-up in the year to date across Central London has now reached 8.3 million sq ft, well in excess of the full year total for 2012 of 7.2 million.
 
The rise in activity is putting upward pressure on rents. Prime West End rents hit the £100 per sq ft mark in Q3, up by 5.3% over the past year, whilst rents in the city rose to £58.50 per sq ft up by 6.4%.
 
Investment activity across Central London jumped to £4.8 billion in Q3 from 2.7 billion in Q2, led by two very large transactions in the West End. Yields continue to trend inwards, with prime West End yields dropping to 3.75%.
 
 

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