9 million reasons to be optimistic..

London office take-up in September saw 812,000 sq ft of lettings, bringing the total for Q3 2013 to 3.1m sq ft.

There were fewer large deals in September with no transactions over 100,000 sq ft, however this was compensated for by the number of deals over 5,000 sq ft, which reached 58 – one of the largest monthly totals of the year. The year to date lettings of nearly 9m sq ft is 20% ahead of 2012’s total at the same point.

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The TMT sectors continue to take-up the slack, produced by the sluggish performance of the financial and professional sectors, with occupiers such as Microsoft, Facebook and Twitter concluding deals for London office space in September 2013.

Looking ahead, some 30% of the 500 currently active London office requirements being monitored by Metropolis come from the technology, media and telecom sectors.

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