the deloitte london office crane survey winter 2017

Approaching with cautionLondon Office Crane Survey Winter 2017

www.deloitte.co.uk/cranesurveywww.deloitte.co.uk/realestatewww.deloitte.co.uk/realestateblog Real Estate

King’s CrossDocklands Paddington00 0

51High(2016)

25Today

23Average

4Low(2010)

Office Crane Survey Winter 2017

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

Percentage of space under construction let by sector

schemes underconstruction

89of offices

under construction

12.6m sq fthas completedsince last survey

2.9m sq ftof space under

construction is let

44%

Central London development pipeline million sq ft

Number of construction starts across central London

1.0Docklands

1.0Southbank

0.2King’s Cross

1.4West End

0.2Paddington

1.6Midtown

7.3City

12.6 Total

Corporate24%

NB: Figures are rounded up

Insurance2%

Other0.3%

Financial45%

Professional9%

Government3%

TMT7%

Legal10%

New construction starts by location

8Midtown

2West End

14Southbank

1City

2



51High(2016)

25Today

23Average

4Low(2010)


The



Headline results



89of offices

under construction



construction is let

44%



1.0Docklands

1.0Southbank

0.2King’s Cross

1.4West End

0.2Paddington

1.6Midtown

7.3City

12.6 Total

Corporate24%


Insurance2%

Other0.3%

Financial45%

Professional9%

Government3%

TMT7%

Legal10%


8Midtown

2West End

14Southbank

1City



51High(2016)

25Today

23Average

4Low(2010)


The



Headline results



89of offices

under construction



construction is let

44%



1.0Docklands

1.0Southbank

0.2King’s Cross

1.4West End

0.2Paddington

1.6Midtown

7.3City

12.6 Total

Corporate24%


Insurance2%

Other0.3%

Financial45%

Professional9%

Government3%

TMT7%

Legal10%


8Midtown

2West End

14Southbank

1City

3



51High(2016)

25Today

23Average

4Low(2010)


The



Headline results



89of offices

under construction



construction is let

44%



1.0Docklands

1.0Southbank

0.2King’s Cross

1.4West End

0.2Paddington

1.6Midtown

7.3City

12.6 Total

Corporate24%


Insurance2%

Other0.3%

Financial45%

Professional9%

Government3%

TMT7%

Legal10%


8Midtown

2West End

14Southbank

1City



51High(2016)

25Today

23Average

4Low(2010)


The



Headline results



89of offices

under construction



construction is let

44%



1.0Docklands

1.0Southbank

0.2King’s Cross

1.4West End

0.2Paddington

1.6Midtown

7.3City

12.6 Total

Corporate24%


Insurance2%

Other0.3%

Financial45%

Professional9%

Government3%

TMT7%

Legal10%


8Midtown

2West End

14Southbank

1City

4



51High(2016)

25Today

23Average

4Low(2010)


The



Headline results



89of offices

under construction



construction is let

44%



1.0Docklands

1.0Southbank

0.2King’s Cross

1.4West End

0.2Paddington

1.6Midtown

7.3City

12.6 Total

Corporate24%


Insurance2%

Other0.3%

Financial45%

Professional9%

Government3%

TMT7%

Legal10%


8Midtown

2West End

14Southbank

1City



51High(2016)

25Today

23Average

4Low(2010)


The



Headline results



89of offices

under construction



construction is let

44%



1.0Docklands

1.0Southbank

0.2King’s Cross

1.4West End

0.2Paddington

1.6Midtown

7.3City

12.6 Total

Corporate24%


Insurance2%

Other0.3%

Financial45%

Professional9%

Government3%

TMT7%

Legal10%


8Midtown

2West End

14Southbank

1City

5



51High(2016)

25Today

23Average

4Low(2010)


The



Headline results



89of offices

under construction



construction is let

44%



1.0Docklands

1.0Southbank

0.2King’s Cross

1.4West End

0.2Paddington

1.6Midtown

7.3City

12.6 Total

Corporate24%


Insurance2%

Other0.3%

Financial45%

Professional9%

Government3%

TMT7%

Legal10%


8Midtown

2West End

14Southbank

1City



51High(2016)

25Today

23Average

4Low(2010)


The



Headline results



89of offices

under construction



construction is let

44%



1.0Docklands

1.0Southbank

0.2King’s Cross

1.4West End

0.2Paddington

1.6Midtown

7.3City

12.6 Total

Corporate24%


Insurance2%

Other0.3%

Financial45%

Professional9%

Government3%

TMT7%

Legal10%


8Midtown

2West End

14Southbank

1City

6

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