City Office

"Vacancy rate increases to 5.7% as leasing activity continues to remain subdued"

"Dip in investment activity leaves c.£3.5bn to exchange in December"

"While take-up remains low, the increasing level of under-offers shows some positivity"

"Supply continues to rise, but predominantly due to Q1 2021 completions, rather than tenant space"

"Supply increases as the delivery of tenant space gains momentum"

"Tenant space continues to be delivered to the market but is evenly dispersed across the City"

"Second highest monthly take-up since March but activity continues to remain subdued"

"Take-up and requirements increase month on month, although under-offers continue to fall"

"Q2 take-up down 67% on the long-term average whilst tenant requirements remain on hold"

"We are expecting rental falls in H2 before rebounding next year once normality returns"