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Developers press pause on new London office schemes as construction hits all time high

By 2024-06-10T14:40:00

london

Number of new starts in capital has fallen by almost a fifth in six months, Deloitte crane survey finds

Worried developers are pressing pause on new office schemes in London as the volume of commercial space under construction in the capital hits an all time high, according to Deloitte.

The firm’s latest London office crane survey found the number of project starts in the capital has dropped by almost a fifth in the last six months, with completions also in retreat.

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