Vacancy rate of offices in the City of London 2014-2023, per quarter and type
The vacancy rate for office real estate in the City of London amounted to 9.1 percent in the fourth quarter of 2023, which was a slight decline from the previous quarter. Newly built office space had a notably lower vacancy rate, at 1.4 percent. In the different districts in Central London, the vacancy rate ranged between three and 22 percent.