Knight Frank has released its latest The London Report – 2019 ‘What Next?’ which examines the next ten years of change and the new opportunities in London real estate market. According to the report, commercial real estate investment volume in London reached £16 billion in 2018. London office market leasing activity reached the highest level since 2014.
‘While there are doubtless numerous twists and turns awaiting in the political process, we remain confident about London’s future as a city andreal estate market of global significance. Current eventswill not break London’s long-standing track record of responding positively and progressively to see mingly seismic events.’ stated in the report.
According to the report, there are four features that London office market will remain strong in the next ten years.
– Substantial demand from next wave technology
– Supply rich in amenity and experience
– A deep and diverse pool of investors
-New dynamics in residentialdevelopment
Source: Knight Frank