Central London Office Market Dynamics, Q3 2026

Central London office take-up totalled3.1 million sq.ft. in Q3 2026 —the strongest Q3 since 2019.

Active demand rose 5% on the quarter, with large requirements over 100,000 sq ft remaining significantly elevated as occupiers plan well ahead of lease events.

Supply has tightened for a fourth consecutive quarter, while the development pipeline continues to contract, with just 9.0 million sq.ft. under construction speculatively.

Prime rents continue to rise. West End and City rents were up 15% and 11% year-on-year respectively, while Canary Wharf rents rose 7% on the quarter.

For additional context on findings in the latest report, download the prior Q2 2026 Central London office market dynamics report.