Menu visibility control

Video

Events

Startup Surgery

Most Recent

Investments

London startup Cool Cousin raises $2m Seed

Investments

AI-powered authentication platform Callsign raises $35m to boost global expansion

Investments

InsurTech startup Brolly gets £1m Seed co-led by Valar Ventures and Pi Labs

Press Releases

GreenKey Technologies and Red Box Recorders partner to launch integrated trading voice collaboration and compliance recording solution
Leading light in British HealthTech, Network Locum, rebrands to Lantum
SteelEye announces regulatory tech specialist Matt Smith as CEO

Demand for London office space highest since turn of century

twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

It will come as no surprise to London’s startups that demand for London’s office space is very high.

Property prices in the City have been rising steadily for years, with particularly significant spikes in the past two years.

It has been revealed that demand for London office space is at its highest level since 2000, according to property consultancy Knight Frank.

Could PropTech change the face of commercial real estate forever?

Space is going, going, gone…

Three million square feet of office space was acquired in the third quarter of 2014. The last time that amount was acquired in the same time period was 2000.

Property demand was up 39% on the previous quarter, led by the mammoth purchase of 431,000 sq ft Principal Place by Amazon.

The data also found a drop in the supply of office space, which makes a rise in price more likely.

Mobile performance lagging

It’s not just high demand for office space that plights London. It turns out the city’s mobile service isn’t as good as everyone hoped.

London was one of the first cities to receive 4G and has already been championed by Boris Johnson to be the first city in the world to get 5G.

However, it lags behind Liverpool, Manchester, Coventry and Birmingham with only the 5th best mobile performance.

Most worrying was call performance, where London ranked 14th in the country.

London is desirable

It wasn’t all bad news for the British capital this week though.

Earlier this week, it was named the most desirable city in the world to work in, beating out New York and Paris.

Better yet for London’s tech scene, it was also the most attractive city to relocate to for tech, trumping US hub Silicon Valley.

For many, the biggest draw to London was the cultural experiences that could be gained in the city.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

cool cousin app

London startup Cool Cousin raises $2m Seed
posted 2 hours ago

callsign

AI-powered authentication platform Callsign raises $35m to boost global expansion
posted 3 hours ago

man smiling at colleague

InsurTech startup Brolly gets £1m Seed co-led by Valar Ventures and Pi Labs
posted 4 hours ago

liverpool the north of england

What’s stopping the North of England becoming a major tech hub?
posted 6 hours ago

Limejump

Limejump closes £3m Series A to disrupt the energy utility market
posted 20 hours ago

startup empty office

Mass redundancies at Jinn as startup struggles to succeed in on-demand delivery market
posted 21 hours ago