LOMA Q3 2019: Proceed with caution

LONDON OFFICES MARKET ANALYSIS Buyers and sellers are choosing to play it cool as the political turmoil surrounding Brexit unfolds. However, occupational activity maintains momentum, underpinned by demand for grade-A space.

Some significant individual transactions in the third quarter of 2019 brought improvement to London’s occupational market as activity rebounded from a relatively sedate opening half of the year. However, investment volumes remained steadfastly suppressed amid caution from both buyers and sellers.

The period from July to September saw occupational activity reach 3.4m sq ft, according to figures from Radius Data Exchange – a