London office investment slumps to 14-year low July 24, 2023 London office investment slumped to a 14-year low in the second quarter of the year, new data shows, as high interest rates stifled momentum built up in the early months of the year. Some £1.2bn was spent on London offices last quarter, a 59 per cent drop on the £2.9bn spent in the previous quarter [...]
Square Mile booming as return to office and pub ramps up footfall July 6, 2023 The near one thousand pubs and businesses across London’s Square Mile have been boosted by an uptick in footfall across the region in recent months, as punters return to the office and enjoy after work drinks. Tuesday to Thursday footfall, the most popular days in which workers travel in the office, is back to over 80 [...]
London gets new West End flexible work space as Elizabeth Line brings in hybrid commuters July 4, 2023 A new 45,000 sq ft site flexible work space will open in the heart of the West End in a signal that London’s hybrid work trend is showing no signs of cooling. Runway East, (RWE) already has five spaces across London, including sites in Borough Market and Shoreditch – and will open a new one [...]
New ‘metaverse’ themed co-working space opens on Oxford Street March 16, 2023 A new co-working space has today launched in Oxford Street which will be themed around the ‘metaverse’ and help to bring creatives and investors into one space. Office and workspace company Huckletree, which operates across some of the biggest cities in the UK, has opened London’s first dedicated hub for tech companies pioneering new digital [...]
Square Foot Mile: Corporate office space deals surged by 25 per cent in 2022 December 23, 2022 Big corporate deals for London HQs has caused office leasing volumes to surge by almost 25 per cent. The post-pandemic return to the office is in full swing, with central London take-up rising by 24 per cent this year. Of the increase, demand for high-quality space in the capital has skyrocketed with 60 per cent [...]
London flexible office occupancy rates recover to pre-pandemic levels December 22, 2022 Flexible office spaces in central London have seen their occupancy rates recover to pre-pandemic levels, new data shows. A majority (86 per cent) of the world’s top 30 flexible workspace providers have seen now seen occupancy rates in their central London offices surpass levels of 60 per cent, a survey by Knight Frank shows. A [...]
Travers Smith calls juniors into the office for four days a week December 8, 2022 Travers Smith has become the latest City law firm to call lawyers back into the office after telling staff to spend 60 per cent of their time at work. The law firm’s new “agile working” policy calls on Travers Smith’s lawyers to come into the office for six days across every two working weeks. [...]
Legal sector talent war drives boom in London office market December 5, 2022 Britain’s top law firms are driving a surge in demand for City office buildings in their efforts to win over talent and meet their ESG goals. Law firms have taken up a record 1.5m square foot of office space in 2022, following a series of big deals involving Britain’s top firms, data from Knight Frank [...]
Demand for London offices unphased by remote work and downward economic trends November 28, 2022 Demand for office space in central London has held firm despite the ongoing work-from-home trend and economic downturn risking upending the capital’s market. Uptake of central London offices surged 63 per cent in the first nine months of this year, in comparison with 2021, according to data shared exclusively with City A.M. today by BNP [...]
Excl: London’s offices aren’t dead but will continue to feel Covid side effects ‘in immediate future’ November 21, 2022 Reports of the death of the London office have been greatly exaggerated – but policymakers must step up to ensure workers are encouraged to come to their desks. That’s the conclusion of a new report from Central London Forward, the partnership representing the city’s 12 central local authorities. Although the take-up rate of office space [...]