West End - W1 & SW1

The decline in take up in the West End office market began in Q1 2008, falling 59% on Q4 2007. Since then, quarter on quarter, the level of take up has continued to fall further, with the market reaching its lowest levels in Q1 of this year, with just over 386,000 sq ft of transactions. However, the trend has since been upwards and in Q3 2009, the West End office market so far recording 547,000 sq ft in deals.

West End Offices:

- 547,000 sq ft of take up recorded so far in Q3, 47% of which was new or refurbished space.

- l 6.7 million sq ft of available space, 761,190 sq ft of which is under construction.

- 199,848 sq ft newly marketed in September.