London Offices Spotlight Q4 2025

Knight Frank's Q4 2025 London Offices Spotlight provides a quarterly market snapshot showing that 2025 take-up reached 12.1 million square feet (8.2% above the long-term average), London vacancy fell to 8.6% and could drop to 7.6% if space under offer completes, and investment volumes achieved £3.3 billion in the best quarter since Q1 2022 with £3.1 billion further under offer. The report presents detailed metrics across London's office submarkets, including 23.0 million square feet of availability, 11.4 million square feet in active requirements, and 10.9 million square feet under speculative construction, alongside regional breakdowns for City & Southbank, Docklands & Stratford, and West End markets.