Quarterly Review: Q3, 2025
The global economy has remained resilient in the face of tariff headwinds over recent months. There have also been some signs of improvement in advanced economies recently, albeit patchy. With inflationary pressures easing globally, monetary policy is set to loosen across the developed world into next year.
Central London office take-up stumbled in Q3, with a dearth of larger lettings. Not surprisingly given subdued activity, availability increased also and stands well above its 10-year average. Around 7m sq. ft. of new London office space is expected to complete this year, with a further 6m sq. ft. or so due in 2026 after which new supply is expected to be much weaker.
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