Both the East London and Dockland’s office markets saw take up fall below their trend levels in 2020 as activity was impacted by the pandemic. Take up in Docklands totalled 414,250 sq ft (52% below trend), whilst the East London market saw total lettings of 207,600 sq ft (54% below trend). Several larger transactions in the final quarter boosted East London take up for the year, with the 26,325 sq ft letting to software company Sports Interactive at the International Broadcast Centre, Here East, whilst Waltham International College took 22,085 sq ft at Glebe House Barking.
Take up remained subdued in Q1 2021, with only 68.830 sq ft of space acquired across the Dockland’s and East London markets. The only significant transaction in the first quarter was the 25,400 sq ft letting to the Department of Works and Pensions at 2 Hillman Street, E8.