Both the East London and Docklands office markets have continued to follow similar trends, with activity falling well below trend levels, due largely to an absence of larger lettings as occupiers having revaluated their occupational requirements. The Docklands market has fared slightly better than the wider East London market, with a relatively strong third quarter’s activity.

The most significant transaction over the past six months was the 39,050 sq ft letting to clinical trials group hVIVO at 40 Bank Street, which furthers Canary Wharf’s desire to grow a life science hub in Docklands. The largest deal in the East London market was the 23,250 sq ft letting to New Look at Great Portland Estates The Hickman Building 2 Whitechapel Road.