The London office market is entering 2026 in a more stable and predictable phase, but against a still fragile economic backdrop. The UK economy remained subdued through late 2025, with ONS reporting monthly GDP growth of 0.3 percent in November 2025 following a 0.1 percent fall in October. Monetary conditions continued to ease, with the Bank of England providing support for a lacklustre economy as inflation pressure eases by reducing Base Rate to 3.75 percent in December 2025.
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