Activity in Central London has increased dramatically in the third quarter of 2004 with the highest quarterly take-up for over two years. Just released figures from Cushman & Wakefield Healey & Baker (C&W/H&B) show that a strong performance from the West End market has driven this increase with take-up this quarter double that of the second quarter 2004.
Although this is certainly encouraging news, when placed against historical averages, the figures are still well below healthy market levels. While a full market recovery may not have emerged yet, the third quarter results suggest it is gradually on the way.
Take-up
One key indication that the improved market sentiment from last quarter is beginning to materialize in actualized activity, is the improved take-up level. Q3 2004 take-up stands at 2,285,230 sq ft
