Demand for new offices in London to progress even as Brexit weighs - survey [Reuters (UK)]
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Source: Reuters
Demand for new offices in London to progress even as Brexit weighs - survey | Reuters 3 Min Read (Reuters) - Demand for new office space in London will continue even with the imminent exit of UK from the European Union, a closely-watched industry survey showed on Tuesday, with technology, media and telecom companies taking up most spaces in the city. The London office market remains resilient despite the slow pace of Brexit negotiations and growing speculation about a no-deal weighing heavily on business sentiment, the London Office Crane Survey by Deloitte Real Estate showed. “Development pipeline remains above average, suggesting stable office construction levels,” Deloitte said in the report, adding that developer sentiment was positive with above average new construction activity. “There is a healthy balance with a strong occupier demand and half of the office space under construction is already committed to,” said Mike Cracknell, the director of capital projects advisory team at
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