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London office market recalibrates as large-lease activity slows

Corporate caution and shifting space needs drive a 40% drop in large office take-up, but landmark deals remain in play
CoStar Analytics
April 14, 2025 | 1:39 P.M.

Over the last six months, rising corporate borrowing costs and an uncertain economic outlook have impacted business confidence. During that time, the 12-month rolling take-up figure for large leasing deals has fallen correspondingly.

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