(Sharecast News) - London property developer Derwent reported a fall in vacancy rates during the first quarter as workers and shoppers returned to the capital after Covid-pandemic lockdowns.
The company said its vacancy rate had fallen to 4.9% compared with 6.4% at the end of 2022, adding that it had secured new lettings worth £17m.
"London, particularly the West End, is busy and people are back in the office. Occupier demand continues to favour amenity-rich, well designed and sustainable space," said chief executive Paul Williams.
Reporting by Frank Prenesti for Sharecast.com.
Derwent London (DLN)