News

London office market collapses amid pandemic, Deloitte survey finds

By Dave Rogers 2020-11-23T07:00:00

city of london

Start on sites fell 50% between April and September

The amount of new office space being built in the middle of London collapsed in the last six months as the impact of lockdown, jittery developers and staff working from home all helped put the brakes on schemes.

The latest London office crane survey from Deloitte showed just 2.6 million sq ft began in the period between April and September – a fall of 50% on the previous six months.

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