Office leasing

"Q2 take-up down 67% on the long-term average whilst tenant requirements remain on hold"

"We are expecting rental falls in H2 before rebounding next year once normality returns"

"May sees an uptick in the level of requirements, although more are being placed on hold"

"Inevitable drop in take-up for April, although still a significant amount is under offer in the City"

"Take-up drops amidst Covid-19 uncertainty, whilst space under offer remains at a high level"

"City was seeing a strong first quarter until the lockdown began last month"

"Lowest Q1 take-up in twelve years with transactional activity down a third on the long-term average"

"Grade A rents slump by 5.2% in Q1 Grade A office rents plunged by 5.2% over Q1/2020, the worst quarterly performance since the 2008/2009 financial crisis, with the average vacancy rate rising to over 5%."

"With delays for future schemes expected, the constraint on supply is anticipated to get tighter"

"Underlying demand continues to remain strong, though a short-term drop is expected"