LONDON--(BUSINESS WIRE)--Apr 28, 2026--
Increased activity among smaller occupiers in 2025 drove leasing volumes in London’s Southern Fringe to their highest level since 2016 , according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.
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Leasing rose to almost 1 million sq. ft., driven by a pre-let of nearly 500,000 sq. ft. at Battersea Power Station. Traditionally, leasing volumes have been heavily influenced by a small number of large transactions in the Southern Fringe, bounded by Putney, Lewisham, Streatham and Borough.
“Take-up over the past 12 months has been driven more by deal frequency than by overall volume,” said Patrick Scanlon, senior director of market analytics at CoStar Europe. “Leasing activity in 2025 totalled around 440,000 sq. ft., with the largest transaction measuring 29,000 sq. ft. in August, followed by a 14,600‑sq.-ft. letting in December.”
The strong second half of 2025 was followed by a slowdown in activity in Q1 2026, with only one deal larger than 10,000 sq. ft. (19,670 sq. ft.) recorded in the first three months of the year.
The full analysis can be found here.
For more information about the company and its products and services, please visit www.costargroup.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
CoStar Data Shows London Southern Fringe Office Leasing Reached Nine-Year High
TOKYO (AP) — Shares retreated in Asia and oil prices gained on Tuesday as diplomatic efforts to end the Iran war once again appeared to stall.
Despite a tenuous ceasefire, the Strait of Hormuz remains effectively closed. Much of Asia, including resource-poor Japan, relies on that route for its oil shipments.
Japan's benchmark Nikkei 225 fell 1% to 59,917.46 after the central bank opted to keep its key interest rate unchanged at 0.75%.
The Bank of Japan said that while the economy was still growing moderately it was expected to slow as the war pushes for crude oil and other products higher. The vote by its monetary policy board at 6-3 was not unanimous. Pressures have been growing for Japan to gradually raise interest rates after keeping them near or below zero for years to combat deflation.
“There are various risks to the outlook," it said in a statement. “For the time being it is necessary to pay particular attention to the impact of the future course of the situation in the Middle East.”
Elsewhere in Asia, South Korea's Kospi edged up 0.4% to 6,641.02.
Hong Kong's Hang Seng dipped 1.1% to 25,642.69, while the Shanghai Composite shed 0.3% to 4,074.47.
Australia’s S&P/ASX 200 lost 0.6% to 8,710.70.
The price for a barrel of Brent crude to be delivered in June climbed $1.85 to $110.08. Brent to be delivered in July, which is where more of the trading is happening in the oil market, rose $2 to $103.69 per barrel.
Brent prices were at about $70 per barrel before the war and have briefly shot to nearly $120. Benchmark U.S. crude added $1.43 to $97.80 a barrel.
The U.S. Federal Reserve, European Central Bank, and Bank of England will also be announcing interest-rate decisions this week.
On Monday, the S&P 500 inched 0.1% higher to its latest all-time high, at 7,137.91, a downshift following weeks of big gains driven by strong corporate profit reports and hopes that the economy can avoid a worst-case scenario despite the war.
The Dow Jones Industrial Average dipped 0.1% to 49,167.79. The Nasdaq composite index edged 0.2% higher.
Investors are also looking ahead to earnings reports from some of Wall Street’s most influential stocks, including Alphabet, Amazon, Meta Platforms, Microsoft and Apple.
In the bond market, Treasury yields ticked higher following the rise in oil prices. The yield on the 10-year Treasury note rose to 4.33% from 4.31% late Friday.
In currency trading early Tuesday, the U.S. dollar inched down to 159.04 Japanese yen from 159.42 yen. The euro cost $1.1702, down from $1.1720.
Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama
People past an electronic stock board showing Japan's Nikkei index at a securities firm Tuesday, April 28, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A person walks in front of an electronic stock board chart showing Japan's Nikkei index at a securities firm, Tuesday, April 28, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm, Tuesday, April 28, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Tuesday, April 28, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm, Tuesday, April 28, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
