Office property 12 month rolling take-up London City, UK 2020-2022
In 2020, office real estate leasing activity decreased dramatically in London City. Just before the coronavirus (COVID-19) pandemic outbreak in February 2020, the 12 month rolling take-up was over 7.2 million square feet. In March 2021, it reached a record low of approximately 2.35 million square feet. Despite take-up increasing throughout the first half of 2022, office real estate activity was still below the levels before the pandemic as of June 2022.
