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London Is Actually Short Of Office Space!

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Yeh I find it hard to believe too, but the equivalent of 7.6 shards are planned to be demolished. Sure there is no 'false scarcity' being 'centrally planned' into the system so that rents and values always magically go up.


But there's something else going on, too. While there's 9.2 million square feet of new office space currently under construction, another 4.5 million square feet is being demolished. This, notes Deloitte, is the equivalent of knocking down 7.6 Shards. Throw in an economic recovery, which means more businesses wanting more space, and thing are starting to get a little tight.

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Fallout from the decision to remove planning constraints for converting office space into residential during a massive property boom? Of all the planning laws they could have liberalised that was probably not the most sensible one if they wanted an actual economic recovery.

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