Skip to content
Subscriber Only

London Office Construction at Lowest Pace in More Than 20 Years

London office construction is at its slowest pace for more than 20 years as the economic slump and a dearth of credit deters developers, Drivers Jonas Deloitte said.

A total of 2.7 million square feet (251,000 square meters) of space is currently being built in 22 projects in central London, 68 percent less than a year earlier, the London-based real estate adviser said in its semi-annual survey. That’s the least since the survey was started more than two decades ago, Drivers Jonas Deloitte said.