Jump to content
House Price Crash Forum
Sign in to follow this  
@contradevian

London Is Actually Short Of Office Space!

Recommended Posts

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.

http://www.newstatesman.com/jonn-elledge/2014/05/believe-it-or-not-london-doesnt-have-enough-offices

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.