The demand for office space in 2017 was above the 10-year average

Despite concerns that ‘Brexit’ uncertainty could deter new business, the demand for office space in 2017 was above the 10-year average, driven by robust expansion across all sectors, especially technology. Global firms including Google, Facebook, Amazon, Bloomberg and Deliveroo are all establishing new headquarters in Central London.

The booming coworking sector is also impacting supply, with WeWork, London’s largest private office tenant, recently signing pre-lets for 300,000 square feet at Almacantar’s redevelopment of the old Shell Centre and Waterloo and 186,000 square feet at Shoreditch’s The Stage.

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