A lack of grade-A office space in the City of London has prompted major occupiers to get back in the market, according to Capita Symonds.

The consultancy said take-up had jumped 63% in Q2, to 1.08m sq ft, with occupiers also more active as the economy transitioned towards a meaningful recovery.

Capita Symonds City agent Archie Hubble said: “For those occupiers with larger requirements future options are looking increasingly limited, making them particularly keen to secure deals.

“While the strength of company balance sheets is also providing momentum on deals as more occupiers have the means to move quickly when they deem the time to be right.”