Falling demand for office space and an increase in deliveries have caused an increase in central London’s office vacancy rate during the pandemic, rising from a near-record low 5.1% in March 2020 to a 12-year high 8.4% at the end of 2021.
Analysis
Office Vacancies Remain Enduringly Low in Some London Submarkets
Central London’s Vacancy Rate Has Risen During the Pandemic but the Picture Varies Widely by Submarket
CoStar Analytics
February 23, 2022 | 12:04 P.M.
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