The 10 largest office buildings scheduled for completion in London this year have almost 3M SF of empty space to fill, analysis from Bisnow shows. Data from Deloitte’s biannual London Crane Survey, analysed by Bisnow, highlights the tough market into which large new office buildings are being delivered, as occupiers tread cautiously on new lettings while they work out their post-Covid office needs. Of the 10 largest schemes, seven have no tenants lined up at all ahead of completion. And of the combined 3.4M SF of office space being built, just 505K SF is pre-leased, with 2.9M SF unlet. Here’s a breakdown of the big beasts looking for tenants.
8 BishopsgateThe £300M 8 Bishopsgate in the City of London is one of the largest speculative developments to have been undertaken in London in recent years, at 770K SF. Owned by Mitsubishi Estate and being developed by Read the full story here. |