Demand for London offices hits post-financial crisis high April 14, 2025 Demand for office space in Greater London and the South East rose to its highest first-quarter level since the financial crisis in 2025, according to new data. Around 1.2m sq ft of space was let in London during the first quarter of 2025, up 39 per cent on the final quarter of 2024, according to [...]
31-story skyscraper on 130 Fenchurch Street inches towards a green light March 4, 2025 Proposals for a “showpiece office building” on 130 Fenchurch Street are open for further consultation ahead of an application for planning permission. Designs for the revamped building at the site of City AM’s former HQ Fountain House detail 31 storeys of office space, an improved streetscape and street-level amenities. “[The proposals] aim to create a [...]
The London office market has ‘definitively turned’ as prime rents set to double February 27, 2025 Analysts have said the London office market has turned a corner after two major commercial real estate investors released positive results. Dewent London reported rental growth doubling to 4.3 per cent, the highest since 2016, and it expects estimated rental value growth – an estimate of the rent that a property could earn if it [...]
Barclays the latest to harden line on office attendance rules January 30, 2025 Barclays has become the latest blue chip firm to tighten its office attendance policy, asking staff to attend the office a minimum of three days a week. The British-headquartered lender unveiled a more stringent approach to hybrid working in a memo to staff earlier this week, which cut the minimum number of days staff can [...]
Workspace: London office provider struggles with customer churn January 23, 2025 Workspace’s problem with customer churn has continued to hit the London-focused firm, with occupancy in its rented offices reducing by 1.3 per cent during last quarter to 86.1 per cent. The flexible office provider completed 273 new lettings over the last quarter, for a total rental value of £6m, it said in a trading update [...]
Back to the office helps City of London’s tallest tower to full capacity January 20, 2025 The City’s tallest tower, 22 Bishopsgate, has been fully let after four years as the financial district continues to prove its ability to command premiums for best-in-class sustainable spaces. There’s little sign of the gloom pervading other areas of the commercial office sector in the City, with rents at 22 Bishopsgate the highest ever achieved [...]
Civil servants to take indefinite industrial action after being ordered back to office January 8, 2025 Indefinite industrial action is to be taken by thousands of civil servants working at the Land Registry in a dispute over office attendance. Around 4,000 members of the Public and Commercial Services Union (PCS) based in 14 offices across England and Wales will take part in the action from 21 January. The union said its [...]
That video call could have been an email: After four years, are Brits sick of WFH? December 23, 2024 There is a brilliant novelty about working from home. Household amenities are always within reach, transport fares are reduced to the difficulty of moving from your bed to the desk, and no one steals your food from the fridge. But, after more than four years, has it become a nuisance? Around 40 per cent of [...]
Workspace: London flexible office firm’s profit up despite low occupancy rates November 22, 2024 Flexible office provider Workspace has continued to see an uptick in demand for lettings despite a slight downturn in occupancy rates. The business, which manages millions of square feet of office space across London, saw a 4.3 per cent boost in underlying rental income, bringing it to a total of £60.2m. In line with “good customer [...]
Bosses believe WFH will come to an end – wishful thinking? November 13, 2024 Given the City of London is a major destination for commuters (especially those working in professional services) the new rhythm of hybrid working is perhaps more visible in the Square Mile than elsewhere. Generally speaking, Mondays seem a little thin while Tuesdays, Wednesdays and Thursdays feel busier than ever. Fridays remain somewhat subdued. On the [...]