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City Leasing Market Bounces Back

LONDON-Leasing activity in the City of London is picking up again after almost coming to a standstill during the final quarter of 2001, according to new analysis from King Sturge.

By Graham Parker | Updated on May 20, 2002

LONDON-The City of London has witnessed an increase in letting activity after the partial paralysis seen in the final quarter of 2001. According to King Sturge total take-up for the first quarter of 2002 amounted to 586,400 sf, up 46% on the previous quarter.

Rupert Perkins, City office agency partner at King Sturge said: ‘Corporate confidence was shaken to its core last year, and the slow start to 2002 reflects this. We can now see confidence returning to certain sectors and we can look forward to a more active market.’

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