The London Commercial Real Estate Market UpdaTE
The Occupier Q1 2020
In this edition of The Occupier, we bring you a review of the London office market in Q1 of 2020. The impact of the measures taken to curtail the spread of COVID-19 have dramatically changed the working landscape, not least of all for the office. While the start of the year now seems like a distant memory, the Q1 market fundamentals as at the end of March remain relevant, and will heavily influence future real estate decisions made by occupiers and landlords alike.
Following a period of rapid readjustment for businesses, the focus is now on a planned and phased return to the office, as well as on devising a longer-term strategy for the workforce and as a direct consequence, the workplace. Our teams from across our business offer their insight into the current situation and the way forward.
The shifting dynamic of not just the central London office market, but the wider business environment is forcing almost all companies to look at their real estate through a different lens. Despite the challenges ahead, rest assured that DeVono Cresa is here to support you and offer you our experience and our advice during these everchanging times.
If you would like any further information on insights from this report, please do not hesitate to get in touch.