Savills has leapfrogged to the top of the central London agent’s league table in quarter one.
Boosted by the Google mega deal, the agency has shot up from 5th place at the end of last year notching up an impressive 1.1m sq ft of disposals in Q1, and bagging nearly a third of the London market. DTZ is in second place having acted as joint agents with Savills on the 860,000 sq ft prelet to internet giant Google at King’s Cross Central in January, according to EGi’s London Office Market Analysis released today.
However, stripping out the Google deal, DTZ would have slipped from a 14% market share secured at the end of 2012 to just 4% of the central London deals in Q1. Aside from King’s Cross Central, it was not involved in any of the top 15 largest deals in London this quarter. Savills would have been placed 4th, similar to its 2012 ranking. It’s fortunes were boosted by lettings at Broadgate West II, EC2 and railway body Atoc, signing at 200 Aldersgate, EC1 which totalled over 48,000 sq ft.
CBRE and Knight Frank featured highly helped by two lettings at Land Securities and Canary Wharf’s Walkie Talkie development at 20 Fenchurch Street. These represented the second and third largest deals in the capital this quarter.
The news comes in what has proved to be a difficult quarter for the central London market. Both City and West End suffered significant drops in take up. The West End suffered the worst losses, down 220,000 sq ft on this time last year.
Click on the graphs below to see the rankings by sq ft, deals and market share and to see the difference the Google deal made to rankings; or use the drop down box below to view how the ranks have changed over the last 10 years, and to view key indicators for the Q1 market. Top London agents in Q1
Top agents over the last decade:
Q1 London offices market key indicators
