Western fringe (W2, W8, W6, W14,
SW7 & SW3)
The western fringe has seen take-up declining over the past three years. This is in part to do with a lack of stock and few development opportunities away from Paddington. Take-up in the fourth quarter came in at under 200,000 sq. ft. leaving the annual total at 1
million sq. ft.
The largest deal saw Avanta taking 39,000 sq. ft.
from St Martins Property Corporation at 1 Hammersmith Grove. There is around 2 million sq. ft. available in
these postcodes. Again this is well down on the cyclical peak of 3.4 million sq. ft. seen in mid 2004.