Despite the continued increase in demand for space leasing activity has slowed with only 309,175 sq ft of actual lettings.

There has been a lack of transactions above 50,000 sq ft in 2023, with the largest letting this year being the 38,340 sq ft to retail fit out specialists Kesslers at Highams Park Industrial Estate, E4. With take up focused on smaller lettings, activity in the sub 25,000 sq ft sector of the market has accounted for 88% of total leasing activity in the first nine months of the year.