The London Office Market - Q1 2026
Explore the latest data on London office rents, leasing activity, and market forecasts in this comprehensive Q1 2026 update. Download now to understand how global trends and local supply constraints are shaping opportunities for tenants and investors.
Our Q1 2026 London Office Market report examines the macro‑economic backdrop, including the impact of geopolitical uncertainty and inflation, alongside London’s relative resilience as a global financial, technology and AI hub.
The report analyses supply constraints, development and refurbishment pipelines, pre‑letting activity and vacancy levels across the main London sub‑markets, before setting out detailed evidence on headline rents, incentives, occupancy costs and business rates.
It also explores forecast market trends, sustainability and ESG considerations, the growing importance of Grade A space, and the expanding role of serviced and flexible offices, supported by recent leasing transactions and practical guidance for occupiers considering lease renewals, relocations or cost‑reduction strategies.
London Office Market report Q1 2026