^{Source: Savills Research}

■ A notable transaction to complete in the City in October was NeuLion Limited's acquisition of the part 3^rd and 4^th floors of C Space, City Road, E1 (15,387 sq ft). This means the building is now fully let just over a year after achieving practical completion.

■ Insurance & Financial services have accounted for the greatest amount of take-up at 20%. They are followed by Tech & Media (13%), Professional Services (9%), and Retail & Leisure and the Banking sector both on 9% as well.

■ So far this year, the City Fringe has accounted for 45% of total City take-up, significantly up on the long-term average of 31%.

^{Source: Savills Research}

■ Total City supply stood at 7.5m sq ft, equating to a vacancy rate of 6%, up on this point last year by 1.3%.

■ Total space under-offer is currently at 1.4m sq ft, which is up on the longterm average by 1%. We saw 320,129 sq ft go under-offer in October alone. However, 49% of the remaining space under-offer has been in negotiation for over three months.

■ The remaining two floors of Cannon Place, EC4 totalling 83,386 sq ft have gone under-offer.

■ As expected, we are beginning to see an increase in sub-let space arrive to the market. Currently, tenant space accounts for 24% of total supply, equating to 1.7m sq ft. Whereas, at the end of Q2 this year, tenant space accounted for 18% of total supply, equating to 1.2m sq ft.

^{Source: Savills Research}

■ There are 10 buildings in the City with current available space of over 100,000 sq ft, and just half of these are in the City core.

■ Total City & Central London demand is at 8.7m sq ft of requirements, which is in-line with the 12-month and longterm averages.

■ The highest recorded rent in the City in November was £90.00 per sq ft. The transaction saw Trailstone acquire the 35th floor at the Salesforce Tower, 110 Bishopsgate, EC2 (10,845 sq ft) on a 10-year lease.

Analysis close up

^{Completions due in the next six months are included in the supply figures}

^{*Average prime rents for preceding three months}

^{** Average rent free on leases of 10 years with no breaks for preceding three months}

^{N.B We have amended our historic stock figure, resulting in a slight change of our historic vacancy rates (Aug 2015)}

^{Source: Savills Research}