City outperforms rival London office submarkets in post-pandemic demand recovery

Demand for office space in London’s City office market has been stronger than in any other area of the capital since the beginning of the pandemic. Office take-up in the City over the last five years has only been around 20% lower than the preceding five-year average. Across London, demand was more than 30% lower, falling to more than 40% lower in markets such as Midtown and Docklands.