The best new office buildings in London are commanding near record rents and prices during the pandemic; everything else, not so much.
The divide is unfolding as the slump in economic activity damps development, helping the most prestigious buildings achieve high rents and lure yield-hungry investors. At the same time, companies are dumping space they no longer need with workers still cocooned at home, which is weighing on values for anything but fresh buildings that boast top green credentials and first-class amenities.
