City and West End rents for top quality office spaces have improved in what will be a welcome update for landlords in a tough leasing market, as new data shows total take-up has slumped.
Provisional figures from property consultancy Savills found 1.94 million sq ft of central London office deals were signed in the third quarter. That is 35% down on the 10- year long term average and 24% below the five-year average.
