Take up across the Eastern M25 office market increased by 15% in 2024, with the major upturn being focused towards the East London market. Total take up for the year was 1.3m sq ft, with only limited activity above 10,000 sq ft. The start of 2025 has seen the momentum in the market continue, with just under 300,000 sq ft of lettings. The largest deal in the year to date has been at 20 Water St E14, where online bank Zopa took 44,170 sq ft. This letting follows on from the 113,900 sq ft taken by disruptor bank Revolut at YY London in Canary Wharf in the first half of 2024. Outside of the Docklands market, activity has been focused on lettings of below 10,000 sq ft, which have accounted for 75% of take up.
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