Six of the 10 largest London office schemes set to complete in 2024 sit empty, but that hasn't stopped developers from pursuing a record number of new office developments in the capital. Just a third of the total square footage is let in the 10 largest schemes set to complete this year, down from nearly half let at the start of 2023 and up from about a quarter at the start of 2022, according to a Bisnow analysis of data provided by Deloitte. The figures highlight how difficult it remains to secure large pre-lets for big schemes even as corporate occupiers solidify working patterns nearly four years after the start of the pandemic. 
Eight of the 10 largest schemes completing this year are refurbishments or retrofits of older buildings, underlining that even the greenest options are not immune to the slow pace of leasing. Cushman & Wakefield predicted London office leasing would end at about 8.5M SF in 2023, significantly below the five-year average of… Read the full story here. | 
