Proliferation of startups and scaleups drives demand for smaller London offices

The London office market is increasingly moving towards the smaller end of the market, according to new data.  New research suggests a higher demand for startup-sized offices is putting a downward pressure on lease lengths. Across London in 2018 to date, transactions for space of 5,000 sq ft or less represented 78% of the total deals by number, up from 69% in 2015. London is firmly established in the top three of global tech hubs and venture capital continues to help drive the evolution of the next wave of startups, as well as facilitating the proliferation of scaleups, creating demand and acting as an engine for absorption of office space.

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