City take-up reaches record high

Office take-up in the City reached its highest-ever level in the third quarter of 2014, according to data from CBRE.

CBRE’s Central London Office MarketView shows Q3 2014 office take-up in the City was 2.3m sq ft, surpassing the previous high of 2.2m sq ft seen in Q3 2000.

This took the year-to-date total to 4.8m sq ft.

A total of seven deals over 50,000 sq ft completed in the three months to the end of September, including two prelets over 100,000 sq ft.

These included 430,900 sq ft to Amazon at Principal Place,