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“Supply in East London and Docklands has reduced over recent months, with a number of buildings being withdrawn from the market pending repurposing.”

Peter Higgins
Divisional Partner
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Our View

Activity remained below trend in both Docklands and the East London office markets over 2023 as occupational demand continued to adjust to the post pandemic economy. Take up in Docklands was 349,300 sq ft over the year, with the East London market recording activity of 176,500 sq ft. The largest lettings in the year were both in Docklands, with life science contract research group HVIVO taking 39,050 sq ft at 40 Bank Street, signifying the growing cluster at Canary Wharf. The largest transaction in the East London market was the 26,720 sq ft letting to Teeside University at Here East, E20.

This year has seen take up continue at a similar pace to the previous 12 months, with activity in Docklands of 84,500 sq ft at Q1 2024 and the East London market registering 42,500 sq ft of lettings. The largest letting was to the Elizabeth School of London, which took a second floor at 1-2 Harbour Exchange Square, E14.

Office market take-up
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Key Contact

Peter Higgins

Peter Higgins

Divisional Partner - East and North London & Herts Commercial Agency
020 3141 3534
[email protected]