The latest crane survey reported the highest volume of London office starts on record. In part that reflects a refurbishment boom as developers retrofit their buildings to meet MEES standards and benefit from the green premium. New development is also being supported by strong demand for best-in-class space as firms adjust to the shift to remote work. But while this provides further evidence that prime offices in the best locations are set for a better return, the majority of the office sector still faces significant headwinds.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services