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EC Harris: London Office Development – The Challenge Ahead

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Global built asset consultancy EC Harris has released a new report based on a snapshot analysis of commercial office development projects currently being planned for delivery in Central London through to 2020.

The report warns that many of the developments are in a precarious position with projects struggling to attract pre-let tenants and external funding which could see 50% never even reaching the construction site.
There are currently over 150 projects lined up which could deliver a potential 53 million square foot of gross office floor area by 2016.

Richard Taylor, Head of Commercial Development at EC Harris and author of the report said: “On paper, the development pipeline for London offices shows massive potential and investment. However, in reality the market is very different, with a large number of these projects unlikely to be delivered as they struggle to find pre-lets and external funding. To stand a chance for success, projects need to differentiate and create a significant market advantage if they are to maximise their chances of completion.”

Download “London Office Development: The Challenge Ahead”.

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While every effort has been made to ensure the accuracy of the information presented on this page is up to date and correct, Buildington accepts no responsibility for any errors contained in the information, or if the information is not current.

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