London office take-up plummets 57%

Office take-up in the capital plummeted by more than 50% the final quarter of 2011.In the West End, Midtown, City and Docklands, 1.8m sq ft of offices were let in Q4 - a 57% fall on the 4.18m sq ft transacted in Q4 2010.The Q4 2011 figure, calculated by BNP Paribas Real Estate, was also 750,000 sq ft lower than take-up in the previous quarter.