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