Take-up in the South-East office market totalled 1.1 million sq ft in H1 2018, 18% lower than the five-year average. However, this does not account for the sub-10,000 sq ft market which saw increasingly strong levels of activity.
Creative industries accounted for just over a third of H1 leasing activity, 17% higher than the long-term average.
Total Grade A availability at the end of H1 2018 was 4.1 million sq ft. Despite the large injection of new space delivered at the peak of the current development cycle in 2017, this is only 2% above the five-year average.