office crane survey winter 2018 - deloitte united states · office crane survey winter 2018 the why...
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Office Crane Survey Winter 2018
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
11.8m sq ftof offices under
construction
80schemes
underconstruction 4.2m sq ft
has completedsince last survey
49%of space under
construction is let
Central London development pipeline million sq ft
11.8
Total
1.1Docklands
0.6Southbank
1.1King’s Cross
1.7West End
0.2Paddington
1.0Midtown
6.0City
Number of construction starts across Central London
New construction starts by location
King’s Cross Docklands Paddington0 011
Midtown7
West End12
SouthbankCity1 1
Percentage of space under construction let by sector
www.deloitte.co.uk/cranesurveywww.deloitte.co.uk/realestatewww.deloitte.co.uk/realestateblog Real Estate
Insurance
0%TMT
28%
Financial
24%
Corporate
21%Professional
8%
Legal
7%Other
8%
Government
3%
51High(2016)
32Today23
Average4Low(2010)
Figures are rounded