Frost Meadowcroft ranked 20th in EG’s LOMA Q2 2017

ANALYSIS:  LONDON OFFICES MARKET ANALYSIS
LONDON BOUNCES BACK

Normality returns to the market following the EU referendum vote
and a shock snap General Election

EG Data reporter Karl Tomusk, reviews investment, take-up also looks at who London Top Office Agent Q2 2017.

With the Cheesegrater, EC3, sold in the City’s second biggest investment deal, Brexit negotiations becoming a normal fact of life and the snap election safely behind us, London has resuscitated its leasing market and kick-started its activity.

Take-up rebounded to just above 3m sq ft, up by 50% on Q2 last year and up by 20% on Q1 this year. Although the bar was set low, considering the sluggish lead up to the EU referendum last year, take-up in Q2 was within 2% of the five-year average, according to EG’s London Office Market Analysis. A semblance of normality has returned. There were only three major deals of more than 100,000 sq ft – just as there were in Q1
– as the market continued to rely on the sheer volume of smaller deals. However, availability rates continued to rise on average, from 6.97% to 7.17%, with average rents falling as a result. In Mayfair/St James, rents were down by 7.9% year-on-year, to £113 per sq ft, and in Victoria there was a 4.9% fall to £76 per sq ft. If parts of London are slowing despite rising activity, who is spurring on the market – and why are occupiers choosing to stay in the capital?

WHO IS LONDON’S TOP OFFICE AGENT?

 

  AGENCY DISPOSED (sq ft)
1. Cushman & Wakefield 1,418,629
2. CBRE 1,076,088
3. JLL 621,885
4. Knight Frank 304,933
5. Colliers International 291,304
6. Savills 209,709
7. GM Real Estate 180,790
8. Allsop 138,706
9. Strutt & Parker 122,297
10. Gerald Eve 97,939
11. Newton Perkins 96,399
12. Bluebook 81,808
13. BNP Paribas Real Estate 73,890
14. Hall Kemp 65,299
15. Union Street Partners 65,183
16. Monmouth Dean LLP 61,860
17. Pilcher Hershman 60,947
18. Edward Charles & Partners 57,190
19. James Andrew International Limited 44,382
20. Frost Meadowcroft 41,735

Link to website 

Source Article: EG 29 JULY 2017