Office developments return to pre-crash levels

The construction of office space in Central London has hit its highest level since the financial crash almost a decade ago.

It was revealed last month that the new stock under construction has increased by four per cent.

In total, more than 14.8million sq ft of space is currently being created, on a par with the quantity being worked on in 2008.

The City continues to be the epicentre of developments and accounts for almost three quarters of new office buildings in the capital. The West End and Docklands are the next busiest areas.

The study also demonstrated that demand for new space remains high, with firms across London actively seeking more space. Financial services and tech, media and telecoms (TMT) are the sectors showing the greatest interest, although there is also a significant appetite among corporates and legal firms.

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