Reflex Office Solutions welcome you to our new Office Space Blog. Not only will this keep you up to date of all the the latest Reflex news but we will also occasionally comment on the London Serviced Office industry as a whole.
There will be millions of square feet more of office space in London within another four years. The lack of grade A serviced office space in the City has led many major developers to begin a number of new projects in hotly sought after areas in the capital, such as the Shard, 100 Bishopsgate, the Pinnacle, the Cheesegrater and the Walkie-Talkie.
London office developers Derwent London PLC (DLN), Great Portland Estates PLC (GPOR), and Land Securities Group PLC (LAND) have fallen in London trading following the decision by BofA Merrill Lynch Global Research to downgrade all of their ratings.
London is experiencing something of a boom in the construction of new skyscrapers designed to introduce thousands of square feet of new office space to the capital – but will there actually be enough of an appetite among prospective tenants to make the gamble pay off for the developers?