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January 25, 2022

London’s Big New Office Schemes Lack One Thing: Tenants

New Date Announced: The UK's Single Family Rental Outlook to be held 24 February

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.

London’s Big New Office Schemes Lack One Thing: 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

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Construction Risks Might Be Louder Than Ever, But There Are Ways To Mitigate Them

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Backer In Talks For £700M Department Store-To-Office Conversion

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Canadian pension fund PSP Investments is in talks to fund the conversion of one of London’s oldest department stores into a new £700M office scheme. PSP is in talks with the managers of >

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