Take up in the core West End markets in the first two quarters of the year has remained below trend levels at 712,400 sq ft in 256 transactions, with activity fairly evenly distributed across the two quarters. There has been a lack of larger lettings, particularly in the second quarter with only four transactions above 10,000 sq ft.

The largest deal in Q2 was the 18,715 sq ft letting to Canvass at The Place on High Holborn, whilst real estate agents Cushman & Wakefield agreed to lease 17,100 sq ft at Derwent London’s 25 Baker Street scheme. The largest deal in the year to date remains the 28,750 sq ft letting to Databricks at Charlotte House on Windmill Street in Fitzrovia in Q1.

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