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Nearly half of new London office space prelet amid supply squeeze

Of the 5.9 million square feet to be delivered in 2026, 43% has been prelet, says Avison Young
Analysis showed that demand levels across the year hit 10.4 million square feet. (Getty Images)
Analysis showed that demand levels across the year hit 10.4 million square feet. (Getty Images)
CoStar News
February 4, 2026 | 3:03 P.M.

The London office market is set to have 5.9 million square feet in 2026, of which 43% has been prelet as occupiers wait it out for Grade A space amid supply constraints, according to research from Avison Young.

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News | Nearly half of new London office space prelet amid supply squeeze