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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 11.8 m sq ft of offices under construction 80 schemes under construction 4.2 m sq ft has completed since last survey 49 % of space under construction is let Central London development pipeline million sq ft 11.8 Total 1.1 Docklands 0.6 Southbank 1.1 King’s Cross 1.7 West End 0.2 Paddington 1.0 Midtown 6.0 City Number of construction starts across Central London New construction starts by location King’s Cross Docklands Paddington 0 0 11 Midtown 7 West End 12 Southbank City 1 1 Percentage of space under construction let by sector www.deloitte.co.uk/cranesurvey www.deloitte.co.uk/realestate www.deloitte.co.uk/realestateblog Real Estate Insurance 0% TMT 28% Financial 24% Corporate 21% Professional 8% Legal 7% Other 8% Government 3% 51 High (2016) 32 Today 23 Average 4 Low (2010) Figures are rounded
