Western Corridor “solid”

Jones Lang Lasalle’s latest Western Corridor office market suggests the area is still performing solidly despite Brexit.

Lettings across the region are set to hit 400,000 sq ft in the first quarter of 2017 – in line with recent market performance and following a rise in occupier demand in the second half of 2016 – say JLL.

Medidata taking 29,560 sq ft at 12 Hammersmith Grove was their West London highlight deal for the period, and the report says that the solid start also shows a continuing trend for occupiers to take less but better space.

However, it points to lower development levels forecast after 2018 meaning there will be less space avaiable just as Crosrail opens, which could cause something of a crunch.

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