Central London April 2014 lettings

Central London office lettings in April 2014 reached just over 850,000 sq ft in 55 medium/large deals. This total was slightly behind the average for the first 3 months of the year and was mainly due to the lack of any large deals over 100,000 sq ft. The balance is likely to be restored in May after a number of pre-lets.

The City again led the way with over 440,000 sq ft of deals in more than half the transactions. Midtown, encompassing Kings Cross, is the second busiest area with nearly 180,000 sq ft of deals, while the West End remains subdued.

The largest office deals on the Metropolis datebase during the month included: the Office Group’s 69,000 sq ft letting of Henry Wood House, 3 Langham Street, London, W1 and law firm DWF taking 43,000 sq ft at 20 Fenchurch Street, London, EC3. However active requirements listed on Metropolis, in the West End, now total over 1.3m sq ft and there are three large properties under offer to occupiers.

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