SlideShare a Scribd company logo
MOVERS
T H E C H A N G I N G
S H A P E O F L O N D O N ’ S
O F F I C E M A R K E T
SHAKERS
A C U S H M A N & W A K E F I E L D
R E S E A R C H & I N S I G H T P U B L I C A T I O N
HIGHLIGHTS FOR LONDON OFFICE MOVES IN 2017
Office occupiers
continued to expand
their footprint in
Central London,
with net take-up
expanding year
on year
In 2017, this was led
by expansion from
the media sector
NET OFFICE SPACE TAKE UP
+12% increase
in net take-up compared
with 2016
3.7 million
sq ft net take-up
42% positive
take-up across all sectors
+700,000 sq ft
net take-up from
Media sector
LONDON OFFICE SUBMARKET TRENDS
Occupiers are increasingly
agnostic to location
The West to East migration trend
remains a key feature of the
leasing market
The number of transactions
relocating from the West End to
the City increased year on year,
whereas the reverse movement
remained stable
2017 MIGRATION TRENDS
from City to
West End
7 moves
Wfrom West End
submarkets
to City submarkets
24 moves E
2017
the average
distance moved
across Central London
in units over
5,000 sq ft was
0.93 miles
2.7 miles
average distance
moved by public
sector occupiers
DISTANCE MOVED OVER LAST 5 YEARS
0.91
1.11
1.04 0.98
1.05
0.00
1.00
2.00
3.00
4.00
5.00
6.00
0.00
0.20
0.40
0.60
0.80
1.00
1.20
2013 2014 2015 2016 2017
VacancyRate(%)
Miles
AVERAGE DISTANCE MOVED - 10,000 SQ FT+
Average distance moved (LHS) 5-year average distance (LHS) Vacancy rates (RHS)
IN-MOVER TRENDS
The number of new
entrants into the
Central London
market picked up
in 2017, after a
relative lull in 2016
In the short term at least,
the capitals appeal in terms
of access to talent and
customer base remains
a key pull factor
for businesses
The City Core had
the greatest number
of in-movers in 2017
LONDON OFFICE SUBMARKET ACTIVITY
More than a third
of the in-movers to
City Core came
from the tech sector
as the submarket
is becoming
increasingly diverse
The submarket
continued to attract
companies from a
wider range of
business sectors
CITY CORE IN-MOVERS
Professional Services
14
Banking & Finance
Tech Public & Government
12
12 4 0 5 10 15
Professional services
Banking & financial
services
Technology
Public & government
Media
Legal
Manufacturing & energy
Retail & leisure
2017 MOVES-CITY CORE
Download the full report:
cushwk.co/movers

More Related Content

What's hot

IP Global London Portfolio Analysis 2009 - 2013
IP Global London Portfolio Analysis 2009 - 2013IP Global London Portfolio Analysis 2009 - 2013
IP Global London Portfolio Analysis 2009 - 2013Nicole van Vuuren
 
Top 3 Reasons to Invest in Philippine Hotels
Top 3 Reasons to Invest in Philippine HotelsTop 3 Reasons to Invest in Philippine Hotels
Top 3 Reasons to Invest in Philippine Hotels
KMC Savills, Inc.
 
9434_International Construction Costs 2015
9434_International Construction Costs 20159434_International Construction Costs 2015
9434_International Construction Costs 2015Kevin Fitzpatrick
 
CBInsights - Global Tech Hubs Report 2018
CBInsights - Global Tech Hubs Report 2018CBInsights - Global Tech Hubs Report 2018
CBInsights - Global Tech Hubs Report 2018
Elad Ratson
 
Global location trends 2016 annual report by IBM
Global location trends 2016 annual report by IBMGlobal location trends 2016 annual report by IBM
Global location trends 2016 annual report by IBM
Diego Alberto Tamayo
 
Collier's Report
Collier's ReportCollier's Report
Collier's Report
joyctagle
 
Dealroom - Q3 2018 investment update for Europe & Israel
Dealroom - Q3 2018 investment update for Europe & IsraelDealroom - Q3 2018 investment update for Europe & Israel
Dealroom - Q3 2018 investment update for Europe & Israel
Elad Ratson
 
The office market in the Greater Paris Region – 4th quarter 2013
The office market in the Greater Paris Region – 4th quarter 2013The office market in the Greater Paris Region – 4th quarter 2013
The office market in the Greater Paris Region – 4th quarter 2013
JLL France
 
Global Development Report 2015
Global Development Report 2015Global Development Report 2015
Global Development Report 2015Johanna Cosham
 
Philippine Q3 Market Update: Create New CBDs to Decongest Metro Manila
Philippine Q3 Market Update: Create New CBDs to Decongest Metro ManilaPhilippine Q3 Market Update: Create New CBDs to Decongest Metro Manila
Philippine Q3 Market Update: Create New CBDs to Decongest Metro Manila
KMC Savills, Inc.
 
2014 Real Estate Market Update and 2015 Forecast Philippines
2014 Real Estate Market Update and 2015 Forecast Philippines2014 Real Estate Market Update and 2015 Forecast Philippines
2014 Real Estate Market Update and 2015 Forecast Philippines
KMC Savills, Inc.
 
Why Philippines Now
Why Philippines NowWhy Philippines Now
Why Philippines Now
KMC Savills, Inc.
 
Korea trade show & exhibition (Coex)
Korea trade show & exhibition (Coex)Korea trade show & exhibition (Coex)
Korea trade show & exhibition (Coex)
Steven (Donguk) Kim
 
Philippine Q3 Market Update: Create New CBDs to Decongest Metro Manila
Philippine Q3 Market Update: Create New CBDs to Decongest Metro ManilaPhilippine Q3 Market Update: Create New CBDs to Decongest Metro Manila
Philippine Q3 Market Update: Create New CBDs to Decongest Metro Manila
KMC Savills, Inc.
 
Globalization and the competitiveness of enterprises and economies in Baltic ...
Globalization and the competitiveness of enterprises and economies in Baltic ...Globalization and the competitiveness of enterprises and economies in Baltic ...
Globalization and the competitiveness of enterprises and economies in Baltic ...
Gints Turlajs
 
HCMC Market Insights Q1 2016 (EN)
HCMC Market Insights Q1 2016 (EN)HCMC Market Insights Q1 2016 (EN)
HCMC Market Insights Q1 2016 (EN)
Colliers International | Vietnam
 
Tableau - ANAND CHOKHI DEMO - Area(3) Bar Chart
Tableau - ANAND CHOKHI DEMO - Area(3) Bar ChartTableau - ANAND CHOKHI DEMO - Area(3) Bar Chart
Tableau - ANAND CHOKHI DEMO - Area(3) Bar ChartAnand Chokshi
 
Tableau - ANAND CHOKHI DEMO - Lines (3) Bar Chart
Tableau - ANAND CHOKHI DEMO - Lines (3) Bar ChartTableau - ANAND CHOKHI DEMO - Lines (3) Bar Chart
Tableau - ANAND CHOKHI DEMO - Lines (3) Bar ChartAnand Chokshi
 

What's hot (20)

IP Global London Portfolio Analysis 2009 - 2013
IP Global London Portfolio Analysis 2009 - 2013IP Global London Portfolio Analysis 2009 - 2013
IP Global London Portfolio Analysis 2009 - 2013
 
Top 3 Reasons to Invest in Philippine Hotels
Top 3 Reasons to Invest in Philippine HotelsTop 3 Reasons to Invest in Philippine Hotels
Top 3 Reasons to Invest in Philippine Hotels
 
9434_International Construction Costs 2015
9434_International Construction Costs 20159434_International Construction Costs 2015
9434_International Construction Costs 2015
 
CBInsights - Global Tech Hubs Report 2018
CBInsights - Global Tech Hubs Report 2018CBInsights - Global Tech Hubs Report 2018
CBInsights - Global Tech Hubs Report 2018
 
Global location trends 2016 annual report by IBM
Global location trends 2016 annual report by IBMGlobal location trends 2016 annual report by IBM
Global location trends 2016 annual report by IBM
 
Collier's Report
Collier's ReportCollier's Report
Collier's Report
 
Dealroom - Q3 2018 investment update for Europe & Israel
Dealroom - Q3 2018 investment update for Europe & IsraelDealroom - Q3 2018 investment update for Europe & Israel
Dealroom - Q3 2018 investment update for Europe & Israel
 
The office market in the Greater Paris Region – 4th quarter 2013
The office market in the Greater Paris Region – 4th quarter 2013The office market in the Greater Paris Region – 4th quarter 2013
The office market in the Greater Paris Region – 4th quarter 2013
 
Global Development Report 2015
Global Development Report 2015Global Development Report 2015
Global Development Report 2015
 
Philippine Q3 Market Update: Create New CBDs to Decongest Metro Manila
Philippine Q3 Market Update: Create New CBDs to Decongest Metro ManilaPhilippine Q3 Market Update: Create New CBDs to Decongest Metro Manila
Philippine Q3 Market Update: Create New CBDs to Decongest Metro Manila
 
2014 Real Estate Market Update and 2015 Forecast Philippines
2014 Real Estate Market Update and 2015 Forecast Philippines2014 Real Estate Market Update and 2015 Forecast Philippines
2014 Real Estate Market Update and 2015 Forecast Philippines
 
Why Philippines Now
Why Philippines NowWhy Philippines Now
Why Philippines Now
 
Korea trade show & exhibition (Coex)
Korea trade show & exhibition (Coex)Korea trade show & exhibition (Coex)
Korea trade show & exhibition (Coex)
 
Philippine Q3 Market Update: Create New CBDs to Decongest Metro Manila
Philippine Q3 Market Update: Create New CBDs to Decongest Metro ManilaPhilippine Q3 Market Update: Create New CBDs to Decongest Metro Manila
Philippine Q3 Market Update: Create New CBDs to Decongest Metro Manila
 
Leeds City Region Prospectus
Leeds City Region ProspectusLeeds City Region Prospectus
Leeds City Region Prospectus
 
Globalization and the competitiveness of enterprises and economies in Baltic ...
Globalization and the competitiveness of enterprises and economies in Baltic ...Globalization and the competitiveness of enterprises and economies in Baltic ...
Globalization and the competitiveness of enterprises and economies in Baltic ...
 
2014 Halifax Index Presentation
2014 Halifax Index Presentation2014 Halifax Index Presentation
2014 Halifax Index Presentation
 
HCMC Market Insights Q1 2016 (EN)
HCMC Market Insights Q1 2016 (EN)HCMC Market Insights Q1 2016 (EN)
HCMC Market Insights Q1 2016 (EN)
 
Tableau - ANAND CHOKHI DEMO - Area(3) Bar Chart
Tableau - ANAND CHOKHI DEMO - Area(3) Bar ChartTableau - ANAND CHOKHI DEMO - Area(3) Bar Chart
Tableau - ANAND CHOKHI DEMO - Area(3) Bar Chart
 
Tableau - ANAND CHOKHI DEMO - Lines (3) Bar Chart
Tableau - ANAND CHOKHI DEMO - Lines (3) Bar ChartTableau - ANAND CHOKHI DEMO - Lines (3) Bar Chart
Tableau - ANAND CHOKHI DEMO - Lines (3) Bar Chart
 

Similar to Movers & Shakers

Down-sizing: exploring the shift of Sydneysiders from the metro to regional c...
Down-sizing: exploring the shift of Sydneysiders from the metro to regional c...Down-sizing: exploring the shift of Sydneysiders from the metro to regional c...
Down-sizing: exploring the shift of Sydneysiders from the metro to regional c...
.id - the population experts
 
All India Real Estate Report H1 2017 Presentation
All India Real Estate Report H1 2017 PresentationAll India Real Estate Report H1 2017 Presentation
All India Real Estate Report H1 2017 Presentation
Knight Frank India
 
Chrw q2 2017 investor presentation
Chrw q2 2017 investor presentationChrw q2 2017 investor presentation
Chrw q2 2017 investor presentation
chrobinsonir
 
City economic briefing jan16 final2
City economic briefing jan16 final2City economic briefing jan16 final2
City economic briefing jan16 final2
Andy Phillips
 
Chrw q3 2017 investor presentation
Chrw q3 2017 investor presentationChrw q3 2017 investor presentation
Chrw q3 2017 investor presentation
chrobinsonir
 
JLL London Office Market Seminar
JLL London Office Market SeminarJLL London Office Market Seminar
JLL London Office Market Seminar
JLL
 
Me re real-estate-predictions-2018
Me re real-estate-predictions-2018Me re real-estate-predictions-2018
Me re real-estate-predictions-2018
maskari3
 
Urban Migration Viewpoint_Apr 2016
Urban Migration Viewpoint_Apr 2016Urban Migration Viewpoint_Apr 2016
Urban Migration Viewpoint_Apr 2016Matthew Walaszek
 
Deloitte Manchester Crane Survey 2017
Deloitte Manchester Crane Survey 2017Deloitte Manchester Crane Survey 2017
Deloitte Manchester Crane Survey 2017
Sally Hardiman
 
Via & Berliner Verkehrsbetriebe - NOAH19 Berlin
Via & Berliner Verkehrsbetriebe - NOAH19 BerlinVia & Berliner Verkehrsbetriebe - NOAH19 Berlin
Via & Berliner Verkehrsbetriebe - NOAH19 Berlin
NOAH Advisors
 
All India and Chennai ppt - India Real Estate (Jan-Jun 2017)
All India and Chennai ppt - India Real Estate (Jan-Jun 2017)All India and Chennai ppt - India Real Estate (Jan-Jun 2017)
All India and Chennai ppt - India Real Estate (Jan-Jun 2017)
D Murali ☆
 
JLL Great Lakes Full Circle Report 2017
JLL Great Lakes Full Circle Report 2017JLL Great Lakes Full Circle Report 2017
JLL Great Lakes Full Circle Report 2017
Andrew Batson
 
JLL Great Lakes Full Circle Report 2017
JLL Great Lakes Full Circle Report 2017JLL Great Lakes Full Circle Report 2017
JLL Great Lakes Full Circle Report 2017
Abby Armbruster
 
Paul Levy's presentation on State of Center City, 2015
Paul Levy's presentation on State of Center City, 2015Paul Levy's presentation on State of Center City, 2015
Paul Levy's presentation on State of Center City, 2015Center City District
 
Chrw q4 2017 investor presentation
Chrw q4 2017 investor presentationChrw q4 2017 investor presentation
Chrw q4 2017 investor presentation
chrobinsonir
 
India Real Estate Outlook (H1 2014)
India Real Estate Outlook (H1 2014)India Real Estate Outlook (H1 2014)
India Real Estate Outlook (H1 2014)
Knight Frank India
 
India Real Estate Outlook January - June 2014
India Real Estate Outlook January -  June 2014India Real Estate Outlook January -  June 2014
India Real Estate Outlook January - June 2014
Anil GROVER
 
CHRW Q4 2017 Investor Presentation
CHRW Q4 2017 Investor PresentationCHRW Q4 2017 Investor Presentation
CHRW Q4 2017 Investor Presentation
chrobinsonir
 
Statista - NOAH17 Berlin
Statista - NOAH17 BerlinStatista - NOAH17 Berlin
Statista - NOAH17 Berlin
NOAH Advisors
 
Las ciudades más visitadas del mundo 2018
Las ciudades más visitadas del mundo 2018Las ciudades más visitadas del mundo 2018
Las ciudades más visitadas del mundo 2018
David Mora
 

Similar to Movers & Shakers (20)

Down-sizing: exploring the shift of Sydneysiders from the metro to regional c...
Down-sizing: exploring the shift of Sydneysiders from the metro to regional c...Down-sizing: exploring the shift of Sydneysiders from the metro to regional c...
Down-sizing: exploring the shift of Sydneysiders from the metro to regional c...
 
All India Real Estate Report H1 2017 Presentation
All India Real Estate Report H1 2017 PresentationAll India Real Estate Report H1 2017 Presentation
All India Real Estate Report H1 2017 Presentation
 
Chrw q2 2017 investor presentation
Chrw q2 2017 investor presentationChrw q2 2017 investor presentation
Chrw q2 2017 investor presentation
 
City economic briefing jan16 final2
City economic briefing jan16 final2City economic briefing jan16 final2
City economic briefing jan16 final2
 
Chrw q3 2017 investor presentation
Chrw q3 2017 investor presentationChrw q3 2017 investor presentation
Chrw q3 2017 investor presentation
 
JLL London Office Market Seminar
JLL London Office Market SeminarJLL London Office Market Seminar
JLL London Office Market Seminar
 
Me re real-estate-predictions-2018
Me re real-estate-predictions-2018Me re real-estate-predictions-2018
Me re real-estate-predictions-2018
 
Urban Migration Viewpoint_Apr 2016
Urban Migration Viewpoint_Apr 2016Urban Migration Viewpoint_Apr 2016
Urban Migration Viewpoint_Apr 2016
 
Deloitte Manchester Crane Survey 2017
Deloitte Manchester Crane Survey 2017Deloitte Manchester Crane Survey 2017
Deloitte Manchester Crane Survey 2017
 
Via & Berliner Verkehrsbetriebe - NOAH19 Berlin
Via & Berliner Verkehrsbetriebe - NOAH19 BerlinVia & Berliner Verkehrsbetriebe - NOAH19 Berlin
Via & Berliner Verkehrsbetriebe - NOAH19 Berlin
 
All India and Chennai ppt - India Real Estate (Jan-Jun 2017)
All India and Chennai ppt - India Real Estate (Jan-Jun 2017)All India and Chennai ppt - India Real Estate (Jan-Jun 2017)
All India and Chennai ppt - India Real Estate (Jan-Jun 2017)
 
JLL Great Lakes Full Circle Report 2017
JLL Great Lakes Full Circle Report 2017JLL Great Lakes Full Circle Report 2017
JLL Great Lakes Full Circle Report 2017
 
JLL Great Lakes Full Circle Report 2017
JLL Great Lakes Full Circle Report 2017JLL Great Lakes Full Circle Report 2017
JLL Great Lakes Full Circle Report 2017
 
Paul Levy's presentation on State of Center City, 2015
Paul Levy's presentation on State of Center City, 2015Paul Levy's presentation on State of Center City, 2015
Paul Levy's presentation on State of Center City, 2015
 
Chrw q4 2017 investor presentation
Chrw q4 2017 investor presentationChrw q4 2017 investor presentation
Chrw q4 2017 investor presentation
 
India Real Estate Outlook (H1 2014)
India Real Estate Outlook (H1 2014)India Real Estate Outlook (H1 2014)
India Real Estate Outlook (H1 2014)
 
India Real Estate Outlook January - June 2014
India Real Estate Outlook January -  June 2014India Real Estate Outlook January -  June 2014
India Real Estate Outlook January - June 2014
 
CHRW Q4 2017 Investor Presentation
CHRW Q4 2017 Investor PresentationCHRW Q4 2017 Investor Presentation
CHRW Q4 2017 Investor Presentation
 
Statista - NOAH17 Berlin
Statista - NOAH17 BerlinStatista - NOAH17 Berlin
Statista - NOAH17 Berlin
 
Las ciudades más visitadas del mundo 2018
Las ciudades más visitadas del mundo 2018Las ciudades más visitadas del mundo 2018
Las ciudades más visitadas del mundo 2018
 

More from Cushman & Wakefield

Winning in growth cities 2018 2019 preview
Winning in growth cities 2018 2019 preview Winning in growth cities 2018 2019 preview
Winning in growth cities 2018 2019 preview
Cushman & Wakefield
 
European Economic CRE Outlook September 2018
European Economic CRE Outlook September 2018European Economic CRE Outlook September 2018
European Economic CRE Outlook September 2018
Cushman & Wakefield
 
European shopping centres may 2018 slide share
European shopping centres may 2018 slide shareEuropean shopping centres may 2018 slide share
European shopping centres may 2018 slide share
Cushman & Wakefield
 
UK High Streets: Dead or Alive?
UK High Streets: Dead or Alive?UK High Streets: Dead or Alive?
UK High Streets: Dead or Alive?
Cushman & Wakefield
 
Global Investment Atlas 2018
Global Investment Atlas 2018Global Investment Atlas 2018
Global Investment Atlas 2018
Cushman & Wakefield
 
Urban Logistics - the ultimate real estate challenge?
Urban Logistics - the ultimate real estate challenge?Urban Logistics - the ultimate real estate challenge?
Urban Logistics - the ultimate real estate challenge?
Cushman & Wakefield
 
Well Workplace - Making Spaces Human Again
Well Workplace - Making Spaces Human AgainWell Workplace - Making Spaces Human Again
Well Workplace - Making Spaces Human Again
Cushman & Wakefield
 
Unveiling The 21st Century Mall - A Retail Research Report by Cushman & Wakef...
Unveiling The 21st Century Mall - A Retail Research Report by Cushman & Wakef...Unveiling The 21st Century Mall - A Retail Research Report by Cushman & Wakef...
Unveiling The 21st Century Mall - A Retail Research Report by Cushman & Wakef...
Cushman & Wakefield
 
Digital Disruption in the Workplace
Digital Disruption in the WorkplaceDigital Disruption in the Workplace
Digital Disruption in the Workplace
Cushman & Wakefield
 
Self Storage Annual Report 2016 in conjunction with SSA UK
Self Storage Annual Report 2016 in conjunction with SSA UKSelf Storage Annual Report 2016 in conjunction with SSA UK
Self Storage Annual Report 2016 in conjunction with SSA UK
Cushman & Wakefield
 
The Great Wall of Money 2016
The Great Wall of Money 2016The Great Wall of Money 2016
The Great Wall of Money 2016
Cushman & Wakefield
 
Emerging & Frontier Commercial Real Estate Markets 2015
Emerging & Frontier Commercial Real Estate Markets 2015Emerging & Frontier Commercial Real Estate Markets 2015
Emerging & Frontier Commercial Real Estate Markets 2015
Cushman & Wakefield
 
#HowYouWork - The Flexible Office Industry: Its impact on people, places and ...
#HowYouWork - The Flexible Office Industry: Its impact on people, places and ...#HowYouWork - The Flexible Office Industry: Its impact on people, places and ...
#HowYouWork - The Flexible Office Industry: Its impact on people, places and ...
Cushman & Wakefield
 
Cushman & wakefield & ssa uk self storage survey 2015
Cushman & wakefield & ssa uk self storage survey 2015Cushman & wakefield & ssa uk self storage survey 2015
Cushman & wakefield & ssa uk self storage survey 2015
Cushman & Wakefield
 
The Changing World of Trade
The Changing World of TradeThe Changing World of Trade
The Changing World of Trade
Cushman & Wakefield
 
Cushman & Wakefield Capital Markets Capabilities
Cushman & Wakefield Capital Markets CapabilitiesCushman & Wakefield Capital Markets Capabilities
Cushman & Wakefield Capital Markets Capabilities
Cushman & Wakefield
 
Capital City. Forward thinking for a global city
Capital City. Forward thinking for a global cityCapital City. Forward thinking for a global city
Capital City. Forward thinking for a global city
Cushman & Wakefield
 
French Commercial Property Markets 2012
French Commercial Property Markets 2012 French Commercial Property Markets 2012
French Commercial Property Markets 2012
Cushman & Wakefield
 

More from Cushman & Wakefield (18)

Winning in growth cities 2018 2019 preview
Winning in growth cities 2018 2019 preview Winning in growth cities 2018 2019 preview
Winning in growth cities 2018 2019 preview
 
European Economic CRE Outlook September 2018
European Economic CRE Outlook September 2018European Economic CRE Outlook September 2018
European Economic CRE Outlook September 2018
 
European shopping centres may 2018 slide share
European shopping centres may 2018 slide shareEuropean shopping centres may 2018 slide share
European shopping centres may 2018 slide share
 
UK High Streets: Dead or Alive?
UK High Streets: Dead or Alive?UK High Streets: Dead or Alive?
UK High Streets: Dead or Alive?
 
Global Investment Atlas 2018
Global Investment Atlas 2018Global Investment Atlas 2018
Global Investment Atlas 2018
 
Urban Logistics - the ultimate real estate challenge?
Urban Logistics - the ultimate real estate challenge?Urban Logistics - the ultimate real estate challenge?
Urban Logistics - the ultimate real estate challenge?
 
Well Workplace - Making Spaces Human Again
Well Workplace - Making Spaces Human AgainWell Workplace - Making Spaces Human Again
Well Workplace - Making Spaces Human Again
 
Unveiling The 21st Century Mall - A Retail Research Report by Cushman & Wakef...
Unveiling The 21st Century Mall - A Retail Research Report by Cushman & Wakef...Unveiling The 21st Century Mall - A Retail Research Report by Cushman & Wakef...
Unveiling The 21st Century Mall - A Retail Research Report by Cushman & Wakef...
 
Digital Disruption in the Workplace
Digital Disruption in the WorkplaceDigital Disruption in the Workplace
Digital Disruption in the Workplace
 
Self Storage Annual Report 2016 in conjunction with SSA UK
Self Storage Annual Report 2016 in conjunction with SSA UKSelf Storage Annual Report 2016 in conjunction with SSA UK
Self Storage Annual Report 2016 in conjunction with SSA UK
 
The Great Wall of Money 2016
The Great Wall of Money 2016The Great Wall of Money 2016
The Great Wall of Money 2016
 
Emerging & Frontier Commercial Real Estate Markets 2015
Emerging & Frontier Commercial Real Estate Markets 2015Emerging & Frontier Commercial Real Estate Markets 2015
Emerging & Frontier Commercial Real Estate Markets 2015
 
#HowYouWork - The Flexible Office Industry: Its impact on people, places and ...
#HowYouWork - The Flexible Office Industry: Its impact on people, places and ...#HowYouWork - The Flexible Office Industry: Its impact on people, places and ...
#HowYouWork - The Flexible Office Industry: Its impact on people, places and ...
 
Cushman & wakefield & ssa uk self storage survey 2015
Cushman & wakefield & ssa uk self storage survey 2015Cushman & wakefield & ssa uk self storage survey 2015
Cushman & wakefield & ssa uk self storage survey 2015
 
The Changing World of Trade
The Changing World of TradeThe Changing World of Trade
The Changing World of Trade
 
Cushman & Wakefield Capital Markets Capabilities
Cushman & Wakefield Capital Markets CapabilitiesCushman & Wakefield Capital Markets Capabilities
Cushman & Wakefield Capital Markets Capabilities
 
Capital City. Forward thinking for a global city
Capital City. Forward thinking for a global cityCapital City. Forward thinking for a global city
Capital City. Forward thinking for a global city
 
French Commercial Property Markets 2012
French Commercial Property Markets 2012 French Commercial Property Markets 2012
French Commercial Property Markets 2012
 

Recently uploaded

Brigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia at Yelahanka Brochure.pdfBrigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia at Yelahanka Brochure.pdf
SachinChauhan191
 
Listing Turkey - Yeni Eyupevleri Istanbul
Listing Turkey - Yeni Eyupevleri IstanbulListing Turkey - Yeni Eyupevleri Istanbul
Listing Turkey - Yeni Eyupevleri Istanbul
Listing Turkey
 
The KA Housing - Catalogue - Listing Turkey
The KA Housing - Catalogue - Listing TurkeyThe KA Housing - Catalogue - Listing Turkey
The KA Housing - Catalogue - Listing Turkey
Listing Turkey
 
SVN Live 6.3.24 Weekly Property Broadcast
SVN Live 6.3.24 Weekly Property BroadcastSVN Live 6.3.24 Weekly Property Broadcast
SVN Live 6.3.24 Weekly Property Broadcast
SVN International Corp.
 
Simpolo Company Profile & Corporate Logo
Simpolo Company Profile & Corporate LogoSimpolo Company Profile & Corporate Logo
Simpolo Company Profile & Corporate Logo
simpolosparkteam
 
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...Total Environment Tangled Up In The Green - Residential Plots Where Nature an...
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...
JagadishKR1
 
Dynamics 365 Bid Management for Construction Projects
Dynamics 365 Bid Management for Construction ProjectsDynamics 365 Bid Management for Construction Projects
Dynamics 365 Bid Management for Construction Projects
Dynamic Netsoft
 
GT234 CADASTRAL SURVEYING gggggggggg.ppt
GT234 CADASTRAL SURVEYING gggggggggg.pptGT234 CADASTRAL SURVEYING gggggggggg.ppt
GT234 CADASTRAL SURVEYING gggggggggg.ppt
leonardmichael1
 
Victory by Maskeen Group Surrey Floor plans June 2024 PDF
Victory by Maskeen Group Surrey Floor plans June 2024 PDFVictory by Maskeen Group Surrey Floor plans June 2024 PDF
Victory by Maskeen Group Surrey Floor plans June 2024 PDF
VickyAulakh1
 
Recent Trends Fueling The Surge in Farmhouse Demand in India
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaRecent Trends Fueling The Surge in Farmhouse Demand in India
Recent Trends Fueling The Surge in Farmhouse Demand in India
Farmland Bazaar
 
How to keep your Home naturally Cool and Warm
How to keep your Home naturally Cool and WarmHow to keep your Home naturally Cool and Warm
How to keep your Home naturally Cool and Warm
Vinra Construction
 
Rams Garden Bahcelievler - Istanbul - ListingTurkey
Rams Garden Bahcelievler - Istanbul - ListingTurkeyRams Garden Bahcelievler - Istanbul - ListingTurkey
Rams Garden Bahcelievler - Istanbul - ListingTurkey
Listing Turkey
 
Architectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdfArchitectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdf
susantebinum
 
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
Volition Properties
 
Optimizing Your MCA Lead Capture Process for Better Results
Optimizing Your MCA Lead Capture Process for Better ResultsOptimizing Your MCA Lead Capture Process for Better Results
Optimizing Your MCA Lead Capture Process for Better Results
Lead Generation Media
 
One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.
VickyAulakh1
 
Deutsche EuroShop | Company Presentation | 06/24
Deutsche EuroShop | Company Presentation | 06/24Deutsche EuroShop | Company Presentation | 06/24
Deutsche EuroShop | Company Presentation | 06/24
Deutsche EuroShop AG
 
Hawthorn Module 1 Coverted to Slide Show - 04.06.2024.docx
Hawthorn Module 1 Coverted to Slide Show - 04.06.2024.docxHawthorn Module 1 Coverted to Slide Show - 04.06.2024.docx
Hawthorn Module 1 Coverted to Slide Show - 04.06.2024.docx
anothershaneroberts
 
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
JagadishKR1
 
Sense Levent Kagithane Catalog - Listing Turkey
Sense Levent Kagithane Catalog - Listing TurkeySense Levent Kagithane Catalog - Listing Turkey
Sense Levent Kagithane Catalog - Listing Turkey
Listing Turkey
 

Recently uploaded (20)

Brigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia at Yelahanka Brochure.pdfBrigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia at Yelahanka Brochure.pdf
 
Listing Turkey - Yeni Eyupevleri Istanbul
Listing Turkey - Yeni Eyupevleri IstanbulListing Turkey - Yeni Eyupevleri Istanbul
Listing Turkey - Yeni Eyupevleri Istanbul
 
The KA Housing - Catalogue - Listing Turkey
The KA Housing - Catalogue - Listing TurkeyThe KA Housing - Catalogue - Listing Turkey
The KA Housing - Catalogue - Listing Turkey
 
SVN Live 6.3.24 Weekly Property Broadcast
SVN Live 6.3.24 Weekly Property BroadcastSVN Live 6.3.24 Weekly Property Broadcast
SVN Live 6.3.24 Weekly Property Broadcast
 
Simpolo Company Profile & Corporate Logo
Simpolo Company Profile & Corporate LogoSimpolo Company Profile & Corporate Logo
Simpolo Company Profile & Corporate Logo
 
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...Total Environment Tangled Up In The Green - Residential Plots Where Nature an...
Total Environment Tangled Up In The Green - Residential Plots Where Nature an...
 
Dynamics 365 Bid Management for Construction Projects
Dynamics 365 Bid Management for Construction ProjectsDynamics 365 Bid Management for Construction Projects
Dynamics 365 Bid Management for Construction Projects
 
GT234 CADASTRAL SURVEYING gggggggggg.ppt
GT234 CADASTRAL SURVEYING gggggggggg.pptGT234 CADASTRAL SURVEYING gggggggggg.ppt
GT234 CADASTRAL SURVEYING gggggggggg.ppt
 
Victory by Maskeen Group Surrey Floor plans June 2024 PDF
Victory by Maskeen Group Surrey Floor plans June 2024 PDFVictory by Maskeen Group Surrey Floor plans June 2024 PDF
Victory by Maskeen Group Surrey Floor plans June 2024 PDF
 
Recent Trends Fueling The Surge in Farmhouse Demand in India
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaRecent Trends Fueling The Surge in Farmhouse Demand in India
Recent Trends Fueling The Surge in Farmhouse Demand in India
 
How to keep your Home naturally Cool and Warm
How to keep your Home naturally Cool and WarmHow to keep your Home naturally Cool and Warm
How to keep your Home naturally Cool and Warm
 
Rams Garden Bahcelievler - Istanbul - ListingTurkey
Rams Garden Bahcelievler - Istanbul - ListingTurkeyRams Garden Bahcelievler - Istanbul - ListingTurkey
Rams Garden Bahcelievler - Istanbul - ListingTurkey
 
Architectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdfArchitectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdf
 
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
 
Optimizing Your MCA Lead Capture Process for Better Results
Optimizing Your MCA Lead Capture Process for Better ResultsOptimizing Your MCA Lead Capture Process for Better Results
Optimizing Your MCA Lead Capture Process for Better Results
 
One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.
 
Deutsche EuroShop | Company Presentation | 06/24
Deutsche EuroShop | Company Presentation | 06/24Deutsche EuroShop | Company Presentation | 06/24
Deutsche EuroShop | Company Presentation | 06/24
 
Hawthorn Module 1 Coverted to Slide Show - 04.06.2024.docx
Hawthorn Module 1 Coverted to Slide Show - 04.06.2024.docxHawthorn Module 1 Coverted to Slide Show - 04.06.2024.docx
Hawthorn Module 1 Coverted to Slide Show - 04.06.2024.docx
 
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
 
Sense Levent Kagithane Catalog - Listing Turkey
Sense Levent Kagithane Catalog - Listing TurkeySense Levent Kagithane Catalog - Listing Turkey
Sense Levent Kagithane Catalog - Listing Turkey
 

Movers & Shakers

  • 1. MOVERS T H E C H A N G I N G S H A P E O F L O N D O N ’ S O F F I C E M A R K E T SHAKERS A C U S H M A N & W A K E F I E L D R E S E A R C H & I N S I G H T P U B L I C A T I O N
  • 2. HIGHLIGHTS FOR LONDON OFFICE MOVES IN 2017 Office occupiers continued to expand their footprint in Central London, with net take-up expanding year on year In 2017, this was led by expansion from the media sector
  • 3. NET OFFICE SPACE TAKE UP +12% increase in net take-up compared with 2016 3.7 million sq ft net take-up 42% positive take-up across all sectors +700,000 sq ft net take-up from Media sector
  • 4. LONDON OFFICE SUBMARKET TRENDS Occupiers are increasingly agnostic to location The West to East migration trend remains a key feature of the leasing market The number of transactions relocating from the West End to the City increased year on year, whereas the reverse movement remained stable
  • 5. 2017 MIGRATION TRENDS from City to West End 7 moves Wfrom West End submarkets to City submarkets 24 moves E 2017 the average distance moved across Central London in units over 5,000 sq ft was 0.93 miles 2.7 miles average distance moved by public sector occupiers
  • 6. DISTANCE MOVED OVER LAST 5 YEARS 0.91 1.11 1.04 0.98 1.05 0.00 1.00 2.00 3.00 4.00 5.00 6.00 0.00 0.20 0.40 0.60 0.80 1.00 1.20 2013 2014 2015 2016 2017 VacancyRate(%) Miles AVERAGE DISTANCE MOVED - 10,000 SQ FT+ Average distance moved (LHS) 5-year average distance (LHS) Vacancy rates (RHS)
  • 7. IN-MOVER TRENDS The number of new entrants into the Central London market picked up in 2017, after a relative lull in 2016 In the short term at least, the capitals appeal in terms of access to talent and customer base remains a key pull factor for businesses
  • 8. The City Core had the greatest number of in-movers in 2017 LONDON OFFICE SUBMARKET ACTIVITY More than a third of the in-movers to City Core came from the tech sector as the submarket is becoming increasingly diverse The submarket continued to attract companies from a wider range of business sectors
  • 9. CITY CORE IN-MOVERS Professional Services 14 Banking & Finance Tech Public & Government 12 12 4 0 5 10 15 Professional services Banking & financial services Technology Public & government Media Legal Manufacturing & energy Retail & leisure 2017 MOVES-CITY CORE
  • 10. Download the full report: cushwk.co/movers