LOMA Q2: Hunting for silver linings

Troubling late-cycle economic indicators and an incessant political maelstrom contributed to a subdued opening half of the year for London’s office market. Investment activity shrank considerably compared to a year earlier and core take-up dropped as businesses pressed pause on expansion. Headline figures from Radius Data Exchange show that investment in the sector totalled nearly £2.8bn in the second quarter, taking the six months to the end of June to a total of £4.1bn. That represents a 43% drop against the first half of last year – and reflects a similar percentage drop on the five-year H1 average for overall