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“The Revolut letting at YY London indicates that there is still good demand for well specified efficient offices with good ESG credentials.”

Peter Higgins
Divisional Partner

Our View

Take up in the East London and Docklands office markets has remained below trend levels since the start of the pandemic in March 2020.  Activity in the year to date has been broadly comparable to 2023, with total lettings of 289,000 sq ft (Docklands) and 125,300 sq ft (East London) respectively.

The most notable deal in the Docklands market for some years completed in Q2 2024, with disruptor bank Revolut taking 113,900sq ft at the recently refurbished YY London at South Colonnade E14.  This is the largest new letting in Docklands since the pandemic.  The largest transaction in East London in the year to date is the 10,840 sq ft confidential letting at Clocktower House in Ilford.

Office market take-up
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Key Contact

Peter Higgins

Peter Higgins

Divisional Partner - East and North London & Herts Commercial Agency
020 3141 3534
[email protected]