The first three months of 2025 has seen activity levels in the West End market move slightly above trend levels at 698,365 sq ft in 167 transactions. This continues the trend that was set in place in the second half of last year. Total floor space leased over the past nine months has been 2.42m sq ft, with 68% of lettings targeting Grade A space.

There are two polar experiences in the core West End sub markets, with Mayfair, Marylebone and Fitzrovia seeing above trend levels of activity, whilst St James’s, Soho and Covent Garden have all seen activity remain subdued. Several larger deals completed, the largest being the 110,000 sf ft pre let to US solicitors McDermott, Will & Emery at the redevelopment of the former Fenwick store on New Bond Street, whilst the final space at the M Building on Oxford Street (58,500 sq ft) was pre let by the US group Generation Investment Management.

Read more & download the full report here.