Property District’s Post

Size matters when we're talking about London offices! The amount of space under construction in units bigger than 100,000 square feet rose to an all-time high of almost 15 million square feet in the first half of 2024. In stark contrast, for the first time in at least 20 years, no new #office schemes smaller than 100,000 square feet started in central #London in either the first or second quarter of 2024. What does it all mean for the London office market? Find out more below ⬇ CoStar UK

While economists expect speculative office construction to taper off, other forms of office construction will continue to prop up overall activity in the sector, according to Dodge data.

Office refurbishments have risen to an all-time high in London. As construction increases in urban locations a lack of development space means that owners and developers are increasingly looking to repurpose existing buildings. As a result, interest in latent defects insurance (LDI) is increasing in this space. Find out new developments here: https://bit.ly/3vsYxuS #ConstructionIndustry #PropertyDevelopment

While economists expect speculative office construction to taper off, other forms of office construction will continue to prop up overall activity in the sector, according to Dodge data.

While economists expect speculative office construction to taper off, other forms of office construction will continue to prop up overall activity in the sector, according to Dodge data.

While economists expect speculative office construction to taper off, other forms of office construction will continue to prop up overall activity in the sector, according to Dodge data.

The idea of converting office buildings to residential use is being pitched in Houston — and around the world — as a way to restore property values and reduce vacancy rates. But wary investors, rising construction costs, a dearth of government subsidies and outdated property values are stifling efforts to convert more Houston offices.

While economists expect speculative office construction to taper off, other forms of office construction will continue to prop up overall activity in the sector, according to Dodge data.

While economists expect speculative office construction to taper off, other forms of office construction will continue to prop up overall activity in the sector, according to Dodge data.

While economists expect speculative office construction to taper off, other forms of office construction will continue to prop up overall activity in the sector, according to Dodge data.