Vacancies in London’s Docklands Core submarket, which includes Canary Wharf, rose to record heights in the first quarter of 2025 as demand continued to weaken. Docklands Core has one of the highest vacancy rates of any London submarket at almost 19%, its highest recorded level and up from below 4% eight years ago.
Office vacancies in Docklands Core rise to the highest on record
Exodus of office tenants and weak leasing activity intensify demand losses
CoStar Analytics
April 4, 2025 | 8:24 AM
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IN THIS ARTICLE
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20 Water St, London, LND
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North Quay, London, LND