Location-led decision-making shows occupier bias to the core in London

Central London occupiers have a lot of factors to consider for their offices at the moment: deals are taking longer than ever to complete with average length of time between launching a search and completing a lease reaching 52 months for 100,000-square-foot plus requirements, so time in the market is crucial; global uncertainty is impacting confidence; fit-out costs continue to rise; and the growth of artificial intelligence is affecting business plans.