A broader view on Central London’s office market

Businesses are still prepared to commit to Central London’s central office market. Savills’ central office market watch for May 2026 reports that Central London active demand reached 15.59 million sq ft at the end of April, a 9% increase year-on-year, which is far higher than the long-term average Savills UK | Central London Office Market Watch – May 2026. 

However Savills’ Central London Office Market Watch Q1 2026 underlines a somewhat constrained development pipeline, with only 22m sq ft of development schemes realistically expected to complete by the end of 2029. This is down 10% on Savills’ Q4 2025 projections, highlighting the continuing challenges with procuring future supply.  https://www.savills.co.uk/research_articles/229130/390337-0 

Jace Tyrell, chief executive of Opportunity London, maintains that rather than viewing a limited supply as a challenge, London has the opportunity of creating additional commercial capacity without diluting the importance of its traditional centres.  

King’s Cross and Battersea have shown how emerging districts can become established business destinations when a clear vision is matched with delivery. The same logic could guide the next phase of growth. Royal Albert Dock, Old Oak and Park Royal, the Royal Docks and Queen Elizabeth Olympic Park all point to broader opportunity.

To achieve this, investors need clarity on infrastructure, planning policy, delivery timetables and the role each district is expected to play.  

A broader office map would make the city more resilient. It would give occupiers more choice, give investors more routes into growth and help spread economic activity across a wider range of communities. 

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