15th October 2020
What impact is the pandemic going to have on the London office market?
21st September 2020
It was early on, under lockdown conditions that we conducted a series of webinars looking at how people would return to the office and what sort of office they would return to. Our Return to the office webinars can be found in full here: Part 1 & Part 2.
We identified 5 areas coronavirus would likely impact the office market.
- An increase in the amount of leased space available on the market
- Leases themselves in various ways
- Concern over capex; fit out costs and write off costs
- Rents and capital values.
- Challenging times for serviced offices.
BBG Partner Tom Boggis elaborates on the five areas in the video below.
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This article was written by Nick Jones
About BBG Real:
BBG Real Estate Advisers are commercial and flexible office space advisers based in the City of London. We help a landlord find an office tenant, a tenant to sublet surplus space, or help a company find a London office to lease or rent on flexible terms. For a conversation about how BBG might be able to help you in your office strategy please get in touch with one of our team: Contact us.