Savills Reports Central London Office Take-Up at 9.44m Sq Ft in 2025
Savills plc reported that Central London office take-up reached 9.44 million sq ft in 2025, a 7% decrease from 2024 and a 9% decline from the 10-year average. Despite this, demand remained strong with total office space requirements at 12.4 million sq ft, 35% above the 10-year average. Q4 saw four office deals exceeding 100,000 sq ft, a three-year high. Supply was 19.5 million sq ft, with a vacancy rate of 7.5%. Prime office rents rose, with the City of London averaging £105.26 per sq ft (up 7%) and the West End at £166.61 per sq ft (up 6.1%).
Savills plc reported that Central London office take-up reached 9.44 million sq ft in 2025, representing a 7% decrease compared to 2024 and a 9% decline on the 10-year average. Despite this lower take-up, active demand remained strong, with total office space requirements at the end of Q4 reaching 12.4 million sq ft, which is 35% above the 10-year average. Four office deals in Q4 exceeded 100,000 sq ft, marking a three-year high for transactions of that size. Supply in Central London stood at 19.5 million sq ft, resulting in a vacancy rate of 7.5%, down by 30 basis points during the quarter. Prime office rents continued to rise, with the average in the City of London increasing by 7% to £105.26 per sq ft, and the West End average rising by 6.1% to £166.61 per sq ft compared to 2024. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Savills plc published the original content used to generate this news brief on January 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here
