Cluttons has released its London office market bulletin, summer 2017.
International investors remain very active in the Central London office market, buoyed by sterling’s weakness. In particular, Chinese and other Asian investors have been especially active in recent weeks.
In contrast to the investment market, as we head in to Q3, occupiers remain wary of the ongoing Brexit negotiations and the potential for an unfavourable business environment to emerge in post-Brexit Britain.
In addition, concerns around the health of the UK and global economies have meant that expansion plans, not just in London, but globally, are being put on the back burner.