Four out of five firms prefer the fringe

Hot on the heels of the news that London office take-up reached 9m sq ft in the first nine months of 2013 (more than the whole of 2012), comes the statistic that four out of the five biggest deals took place in the fringe areas.

Large London deals this year involving Debenhams, Google, Ogilvy & Mather and KPMG illustrated that firms prefer to look for value for money despite a rising tide of office completions in the core London markets.

Metropolis is forecasting a final London take-up figure for 2013 of around 11.5m sq ft based on a slightly reduced list of firms under offer on space in central London that are likely to complete deals by the end of the year.

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