"Welcome to your latest Central London office market watch, exploring insight from the City and West End office occupational markets"

"Concessions and inducements hold sway"

"Cumulative volume surpasses £1bn, with activity dominated by smaller lot sizes"

"City sees lowest quarterly turnover since 1996 as buyers await new opportunities "

"The market remains in a period of stasis, but opportunities are emerging. ‘Rest of UK offices’ look interesting based upon the yield gap to Central London offices"

"February sees another quiet month as the City market heads for lowest Q1 in more than a decade"

"There is a renewed sense of optimism in commercial real estate markets, underpinned by more than the simple exuberance that often accompanies a new year"

"In the post-pandemic era, best-in-class office space is vital, attracting talent, fostering community, and enhancing well-being. Limited prime stock and a lack of development may impact take-up levels going forward, creating investment opportunities in refurbishing secondary assets for evolving business needs"

"Transactions and new stock remain subdued, with demand prevailing for well-located assets"