Office uptake in Central London rose significantly last month.
In Brief:
-
Uptake of offices in the City increased 31% from October to November 2019.
-
This is compared to a yearon-year increase of 5%.
-
A total of 900,000 sq ft was taken up between the two months.
What does this mean?
According to City AM, almost a third of uptake was within the banking and finance industry, with FinTechs increasingly looking for office space as they start up and scale. It’s important for many of these companies to be within the Square Mile since meeting other businesses in person builds trust. A significant deal was Monzo moving to a large space in Broadgate.
