Q1 2022 Research - A strong quarter for both the Occupational and Investment markets
Two stand out Q1 deals underpin the market recovery in Midtown:
- Largest pre-let in the last 30 years, as Hogan Lovells take 266,000 sq ft
- The Google £762.5m purchase at Central Saint Giles added to the highest quarterly investment volume since Q3 2018
The first three months of most years are generally quieter but we saw the highest level of Q1 take-up for eleven years and the amount of space under offer has also increased by 53% quarter on quarter. There has been a small uptick in supply, primarily in refurbished stock with a pleasing drop in poor quality secondhand Grade B space.
We are delighted to share a summary of our market analysis here covering the first three months of 2022. We always look beyond the headline figures and if you require any more information or would like a more in-depth discussion about our research and views on the market then please do get in touch.