In recent weeks, UK office occupancy rates were around 30 percent, compared with an estimated pre-pandemic average of 80 percent, according to Reuters (citing data from Remit Consulting). In central London, 2.6 million square feet of space was leased in the third quarter—a 30 percent decline from the second quarter and 14 percent below the ten-year quarterly average, according to the report (citing CBRE).

Last Updated on October 21, 2022 by Ramin Seddiq