The Movers & Shakers report is an in-depth analysis of central London office relocation trends. Now in its fifth year, it looks at the factors driving office location decisions across different business sectors.

1. MOVERS
T H E C H A N G I N G
S H A P E O F L O N D O N ’ S
O F F I C E M A R K E T
SHAKERS
A C U S H M A N & W A K E F I E L D
R E S E A R C H & I N S I G H T P U B L I C A T I O N

2. HIGHLIGHTS FOR LONDON OFFICE MOVES IN 2017
Office occupiers
continued to expand
their footprint in
Central London,
with net take-up
expanding year
on year
In 2017, this was led
by expansion from
the media sector

3. NET OFFICE SPACE TAKE UP
+12% increase
in net take-up compared
with 2016
3.7 million
sq ft net take-up
42% positive
take-up across all sectors
+700,000 sq ft
net take-up from
Media sector

4. LONDON OFFICE SUBMARKET TRENDS
Occupiers are increasingly
agnostic to location
The West to East migration trend
remains a key feature of the
leasing market
The number of transactions
relocating from the West End to
the City increased year on year,
whereas the reverse movement
remained stable

5. 2017 MIGRATION TRENDS
from City to
West End
7 moves
Wfrom West End
submarkets
to City submarkets
24 moves E
2017
the average
distance moved
across Central London
in units over
5,000 sq ft was
0.93 miles
2.7 miles
average distance
moved by public
sector occupiers

6. DISTANCE MOVED OVER LAST 5 YEARS
0.91
1.11
1.04 0.98
1.05
0.00
1.00
2.00
3.00
4.00
5.00
6.00
0.00
0.20
0.40
0.60
0.80
1.00
1.20
2013 2014 2015 2016 2017
VacancyRate(%)
Miles
AVERAGE DISTANCE MOVED - 10,000 SQ FT+
Average distance moved (LHS) 5-year average distance (LHS) Vacancy rates (RHS)

7. IN-MOVER TRENDS
The number of new
entrants into the
Central London
market picked up
in 2017, after a
relative lull in 2016
In the short term at least,
the capitals appeal in terms
of access to talent and
customer base remains
a key pull factor
for businesses

8. The City Core had
the greatest number
of in-movers in 2017
LONDON OFFICE SUBMARKET ACTIVITY
More than a third
of the in-movers to
City Core came
from the tech sector
as the submarket
is becoming
increasingly diverse
The submarket
continued to attract
companies from a
wider range of
business sectors

9. CITY CORE IN-MOVERS
Professional Services
14
Banking & Finance
Tech Public & Government
12
12 4 0 5 10 15
Professional services
Banking & financial
services
Technology
Public & government
Media
Legal
Manufacturing & energy
Retail & leisure
2017 MOVES-CITY CORE

10. Download the full report:
cushwk.co/movers