Demand for new London offices to progress even as Brexit weighs

Demand for new London offices to progress even as Brexit weighs
17/11/2018 , by , in INTERNATIONAL

DEMAND for new office space in London will continue even with the imminent exit of the UK from the European Union (EU), 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.

DEMAND for new office space in London will continue even with the imminent exit of the UK from the European Union (EU), 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.

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