Savills Reports Central London Office Take-Up at 9.44m Sq Ft in 2025
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Savills plc reported that Central London office take-up reached 9.44 million sq ft in 2025, a 7% decrease from 2024 and a 9% decline from the 10-year average. Despite this, demand remained strong with total office space requirements at 12.4 million sq ft, 35% above the 10-year average. Q4 saw four office deals exceeding 100,000 sq ft, a three-year high. Supply was 19.5 million sq ft, with a vacancy rate of 7.5%. Prime office rents rose, with the City of London averaging £105.26 per sq ft (up 7%) and the West End at £166.61 per sq ft (up 6.1%).
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