While JLL took the crown for office disposals in the third quarter overall, it was a closer race to take the most sub-markets.
According to EGi’s London Office Market Analysis, CBRE managed to come top in three sub-markets, while JLL took two – and came jointly first in another.
CBRE took the City, West End and Docklands, while JLL came first in midtown and the City fringe – but had to share the top spot for the southern fringe with Knight Frank.
An increasingly tight marketplace saw overall disposals fall, but masked a very busy quarter, with deal numbers the highest ever seen in a Q3.
And it was the above trend level of activity in the non-core markets that allowed JLL to win overall, as increasingly tight supply in the core meant more occupiers were looking outside the City and West End.
Victoria Bajela, EGi London Office Research, said: “Slightly lower deal volumes mask an incredibly tight market place where there are fewer big deals available, not a lack of supply.”
“With supply so constrained, it is good news for fringe or even suburban markets coming online that have a large amount of space.”
Click through the graphs below to see the top agents by sub-markets by floor space disposed of and in terms of deal numbers.
