Return to work boosts resilient central London office markets.

According to a report by Devono, the central London office market remained resilient in 2023, with strong leasing activity and record headline rents. Despite economic uncertainty, there was a significant increase in large leasing transactions, indicating that larger businesses are committing to office spaces. Rental growth was observed in nearly all locations, with some submarkets reaching new rental highs. However, rising vacancy rates across the capital remain a concern. The report also highlights the demand for environmentally and socially responsible office spaces. [Extracted from the article]