Office Crane Survey Summer 2015

The

Why measure crane activity?The Deloitte Real Estate Crane Survey measures office construction activity in Central London. The results present a picture of the health of not just the commercial property market, but of London as a whole.

Headline results

72Schemes under

construction

9.5m sq ft

of officesunder construction

37%of space under

construction is let

2.6m sq ft

has completedsince last survey

0.4KingsCross

1.3Midtown

0.1Paddington

0.7Docklands

0.2Southbank

2.3West End

4.5City

9.5Total

Central London development pipeline million sq ft

Number of construction starts across central London

37High

(2007)

4Low

(2010)

31Today

19Average

5.1Demolition levels are at

million sq ft

Three largest buildings in the survey

Largest new start

1 Bank Street688,000 sq ft

Largest new speculative scheme under construction

1 Angel Court 300,000 sq ft

Largest building to complete

5 Broadgate700,000 sq ft

Which sectors are taking space?Leasing activity featured in this survey

Insurance

2%Government

4%Corporate

5%Legal

5%Financial

25%TMT

49%Professional

8%Other

1%

www.deloitte.co.uk/realestatewww.deloitte.co.uk/cranesurvey

Download the new London App

With the future of London literally at your fingertips, the New LondonApp is a must have for investors, property owners, developers or occupiers, within the UK and internationally. There is simply no other tool in the market with the capability to showcase London’s offer in this way and it is set to revolutionise how the industry goes to market. London Office CraneSurvey data now added.www.deloitte.co.uk/newlondonapp

To view the London development website visit: www.newlondondevelopment.com