News

London office projects face six months’ delay as covid bursts buoyant sector

By 2020-05-18T07:47:00

shutterstock_1635290575

Source: Shutterstock

Developers’ confidence tumbles as crane survey says schemes due to finish this year will be delayed into 2021

The amount of new office space under construction in central London has hit an all-time high – but developer confidence has collapsed in the wake of the covid-19 pandemic.

Construction started on more than five million sq ft of new office space in the mostly pre-pandemic six months to March 31.

According to the London Office Crane Survey, the biannual construction survey by Deloitte, 45 new schemes broke ground in the capital – almost double the long-term average.

…

This content is available to registered users | Already registered?Login here

You are not currently logged in.

To continue reading this story, sign up for free guest access

Existing Subscriber? LOGIN

REGISTER for free access on selected stories and sign up for email alerts. You get:

  • Up to the minute architecture news from around the UK
  • Breaking, daily and weekly e-newsletters

 

Subscribe to Building Design and you will benefit from:

Gated access promo

  • Unlimited news
  • Reviews of the latest buildings from all corners of the world
  • Technical studies
  • Full access to all our online archives
  • PLUS you will receive a digital copy of WA100 worth over £45

Subscribe now for unlimited access.