Q2 take up plunges down by 44% on Q2 2015
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Take up in Q2 plunged 44% down on Q2 2015 with just over 2 million sq ft let, as average deal size dropped to 5,500 sq ft, the lowest since our records began. Not one single deal this quarter reached beyond 100,000 sq ft and only 3 deals scraped above the 50,000 sq ft mark. Investment activity, at £3.2bn, slid down 6% on Q1’s £3.4 bn and 30.5% on Q2 2015.
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Data in this report is sourced from EGi. Our research team continuously track the London office market from planning applications submitted or granted through to available space, details of the latest transactions and occupier details.
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We chose EGi to provide our business intelligence due to their exceptional coverage and detailed analysis of the market place. Whether I am checking planning applications, lease expiries or property transactions, all their researched data is bang up-to-date.
Craig Ross-Chesneau | Celltarga | Business Development Manager