Home World Business Amount of new office space being built in London halved

Amount of new office space being built in London halved


Amount of new office space being built in London halved as developers struggle against rise of home working

The amount of new office space being built in London has been halved as developers struggle against the rise of home working. 

Construction began on just 2.6m square feet of space in the six months to September, a 50 per cent drop on the previous year, according to Deloitte. 

Struggle: More old offices are being refurbished and new builds are being pre-let, suggesting developer caution

Over the same period, just 1m square feet of space was leased in the capital – well below the 3.4m leased in 2019. 

More old offices are being refurbished and new builds are being pre-let, suggesting developer caution. 

Mike Cracknell, a property expert at Deloitte, said: ‘Until there is more clarity, developers will hesitate to embark on new projects.’



Source by [author_name]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Police take out AVO for Jodi Gordon against new boyfriend Sebastian Blackler

Jodi Gordon's new romance with British investment portfolio manager Sebastian Blackler has taken a turn for the worse.Just a week after the former...

‘Fargo’ Season 4 Finale Recap: Lessons Learned

Season 4, Episode 11: ‘Storia Americana’The Coen Brothers film “Fargo” ends, touchingly, with Marge Gunderson, the small-town police chief played by Frances McDormand,...

Coronavirus: Qantas adds to job cuts by outsourcing 2,000 roles

The Australian airline had already announced the loss of 6,000 staff as it tackles virus downturn.Source by

Missing man, 62, is found alive clinging to his capsized boat 86 miles off the coast of Florida

A man from Florida who went missing off Port Canaveral, on Florida's east coast was found alive, clinging to his capsized motorboat some 86...

Lil Yase murder investigation continues as police reveal rapper fatally shot near BART station

Lil Yase murder investigation continues as police reveal rapper fatally shot...
Translate »