Asset ownership in London has undergone an irreversible shift
We’re delighted to share our latest industry report, Thrive Not Survive, which delves into London’s sub-10k office market to explore the trend of shrinking lease lengths, the flight to quality, and how asset owners can respond.
The report shows that:
- Office leases have dropped by over a third in the past five years, from an average of eight years in 2019 to five years in 2023.
- Hybrid working is pushing occupiers to seek more agile, experience-driven office spaces.
- Those who adapt quickly can fill their buildings faster and achieve rents 10% to 40% higher than traditional leases.
The report is a must-read for asset owners, agents, and anyone interested in the changing dynamics of London’s competitive office sector.
You can read the full report here and a City AM feature on its key findings here.
