Central London Office Market Update: Opportunities in a Shifting Landscape

The Central London office market for spaces between 1,000 and 10,000 sq. ft continues to feel the lingering effects of the post-COVID environment.

Over the past 12 months, vacancy and availability rates have climbed to a combined high of more than 40% across surveyed locations — a clear sign of ongoing adjustment in the market.

Yet, amidst these challenges, rental values have shown remarkable resilience. Direct lettings from landlords remain competitively priced, often offering better value than tenant-led sublets or assignments, which typically carry higher rents.

Each of London’s sub-markets tells a different story — some are seeing limited availability and rising demand, while others offer more choice and sharper rental rates.

With such contrasting conditions, there’s never been a better time to explore your options — whether you’re considering a relocation or negotiating a lease renewal.

To discuss how these market dynamics affect your specific location, contact Ashurst Real Estate on 020 7419 5117.