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Central London office lets stall
Evening Standard
|April 11, 2023
CENTRAL London office lettings have stalled in the first quarter of the year despite strong demand as deals take longer to get over the line, new figures reveal today.
Latest research from property consultancy Savills shows 1.7 million sq ft of space was taken up in the first three months of the year. That is below the 2.1 million sq ft of a year earlier, and also less than the equivalent pre-Covid 2019 quarter. It is 26% down on the 10-year long term average.
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