Office take-up in Central London soared 32% in the second quarter to the highest level since 2010.
Take-up in the capital in the second quarter reached 3.4m sq ft – 32% higher than Q1, CBRE has calculated.
City take-up was 1.6m sq ft, compared to the 10-year average of 1.2m sq ft, while the West End accounted for the bulk of the remaining Central London space.
CBRE said that eight of the deals were for over 50,000 sq ft, the highest number since Q4 2010.
Space under offer as at the end of June was 3m sq ft, while availability stood at 17.1m sq ft.
Significant deals during the quarter included Amazon taking the entire 210,000 sq ft of office space at Axa’s Sixty London .
Chris Vydra, executive director, City agency, CBRE said: “The increases in take-up across Central London seen this year along with rising under offers, have led some to call the turning point in the market.
“Whether or not this is true remains to be seen, but the heightened levels of activity are supporting our forecasts of a steady improvement in the occupational market and a return to rental growth.”