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Lease lengths are falling, and occupier expectations are climbing. Our 2024 white paper set out what that means for asset owners, and how to come out ahead.
Thrive, Not Survive combines a study of London’s sub-10,000 sq ft market with data from our own clients. The shift is stark: the average London lease signed in 2023 was 35% shorter than in 2019, and in the sub-10k segment, average terms fell from over eight years to five. When you have to win a tenant two to four times as often, the office has to work more like hospitality than real estate.
The reward for getting it right: enhanced rents of up to 13% over a traditional letting, and tenants who stay.
