IN NUMBERS: The TMT sector’s share of space taken in London’s core markets slipped behind financial occupiers last year as the sector’s rapid expansion showed signs of slowing.
Tech firms’ portion of space signed for in the West End, City and Midtown shrank by eight percentage points from a third of all deals in 2013 to less than a quarter of all take-up last year, according to figures from by EGi London Offices Research.
The finance sector returned to strength, signing for 2.4m sq ft of space in the core, equalling its 2009 total and up by 41% on 2013.
In the fringe, finance occupiers’ share of take-up rose from 8% to 12% while the TMT’s share shrank from almost half of all space signed for to 39% last year.
Click on the buttons in the graph above to change the view from core to fringe markets. Hover over the bars to see absolute values.
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To see a breakdown by sector of who is taking office space in the core, fringe and outer London markets, visit our dedicated MIPIM website.
Full analysis in EG’s London Investor Guide, published today.
