Central London Office Development Pipeline - Q2 2017

Q3 2017

2017 and 2018 completions are 53% prelet and 2019 and 2020 completions are 9% prelet

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  • The total under construction pipeline is 15.6m sq ft, of which 9.45m sq ft is available.
  • 1.3m sq ft completed in Q2 2017 of which 710,000 sq ft is available.
  • Take-up by prelets in Q2 made up 17% of the total.
  • The largest prelet of the quarter was to WeWork at Two Southbank Place, SE1 acquiring 280,000 sq ft.
  • The most active market is City Core with 7.98m sq ft under construction, in 40 schemes. The West End has 1.70m sq ft under construction, in 33 schemes.