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office - Coggle Diagram
office
office employment
city: The Professional Services sector continues to be the main driver of demand across the City, having so far accounted for 33% of year-to-date take-up, followed by the Tech & Media sector with 19%, and then by the Insurance & Financial sector with 16% (https://www.savills.co.uk/research_articles/229130/309308-0).
The Tech & Media sector continues to be the key driver of leasing activity this year, with a 35% share of take-up. This is followed by the Insurance & Financial sector with 17% and then by the Business & Consumer Services sector with 11% (https://www.savills.co.uk/research_articles/229130/309309-0).
user market
demand
年平平均对比2019
west end: Year-to-date take-up, at the end of November, stood at 1.5m sq ft, down 59% on the 10-year long-term average. We are anticipating take-up by the end of the year will reach 1.7m sq ft and will be down 60% on the 10-year average level of annual completions.
city: This brought take-up for the year so far to 2.54m sq ft, down 55% on the 10-year long-term average and 58% on the same period during 2019. Leasing activity has continued to be driven by occupiers acquiring space in Grade A buildings and this has accounted for 88% of take-up.
最近月
city: There were also positive signs of building levels of underlying demand, with both active and potential City & central London requirements up 6% on the previous month, standing at 10.1m sq ft, compared with 9.6m sq ft in October.
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investment market
capital growth, total growth
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developer market
supply
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月
city: Supply continued to rise during November and at the end of the month supply stood at 9.7m sq ft, up 9% on the previous month’s 9.0m sq ft.
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vacancy
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月
city: This brought the vacancy rate to 7.2%, up 60 bps on the previous month and 30 bps on the long term average of 6.9%.
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