The London Commercial Real Estate Market UpdaTE
The Occupier Q2 2020
This edition of The Occupier reviews the impact of the COVID-19 lockdown in Q2 2020 on the London office market. Over the first six months of the year the market has shifted from a ‘landlord’s market’ to one favouring tenants. A change in supply and demand market fundamentals is starting to influence both the choice of space and indeed the rental price of space across central London. We are also seeing a greater appreciation for flexible office solutions as uncertainties facing businesses continue.
The impact on the business community is now starting to filter through with headlines of corporate restructuring, job losses, office closures and lost business. Whilst the positives can sometimes be hard to spot amongst all that is going on, we are firm believers that opportunities in a variety of forms are out there.
Business decision making can be difficult at the best of times. DeVono Cresa is committed to providing our clients with everything they need to make informed real estate decisions, however small or large.
If you would like any further information on topics contained within this report or on our wider Insights service, please do not hesitate to get in touch.