2024 Insights
Insight 1:
London's Global Differentiators
Resilience, renewal and reinvention - with global tensions rising and economic uncertainty yet to abate, London has reprised its role as a leading safe haven. Yet there is also a more progressive case for London, driven by rising employment and expansion in new growth sectors.
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Insight 1:
London's Global Differentiators
Resilience, renewal and reinvention - with global tensions rising and economic uncertainty yet to abate, London has reprised its role as a leading safe haven. Yet there is also a more progressive case for London, driven by rising employment and expansion in new growth sectors.
To download the full insight article click on the button below.
Insight 2 + 2.1:
What Drives Leasing Out-Performance & Resetting Prime Rents
What Drives Leasing Our-Performance: the London market has become increasingly polarised. The prime market is seeing heightened levels of demand, a deepening imbalance between supply and demand and, as a consequence, further upwards pressure on rents.
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Resetting Prime Rents: the qualities which characterise best-in-class buildings have evolved just as the requirements of office occupiers have shifted with a greater emphasis placed on sustainability and employee wellbeing.
To download the full insight article click on the button below.
Insight 2 + 2.1:
What Drives Leasing Out-Performance & Resetting Prime Rents
What Drives Leasing Our-Performance: the London market has become increasingly polarised. The prime market is seeing heightened levels of demand, a deepening imbalance between supply and demand and, as a consequence, further upwards pressure on rents.
To download the full insight article click on the button below.
Resetting Prime Rents: the qualities which characterise best-in-class buildings have evolved just as the requirements of office occupiers have shifted with a greater emphasis placed on sustainability and employee wellbeing.
To download the full insight article click on the button below.
Insight 3:
How London Will Recover This Time?
Despite facing a global environment marked by rising interest rates, heightened inflation, and geopolitical shifts, London was the number one metropolitan area globally, for inbound real estate capital flows last year. London’s ability to navigate these challenges, albeit while still experiencing a reduction in investment volumes and adjustments in pricing, derive from three pivotal factors - price discovery, recovery capital and performance outlook.
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Insight 3:
How London Will Recover This Time?
Despite facing a global environment marked by rising interest rates, heightened inflation, and geopolitical shifts, London was the number one metropolitan area globally, for inbound real estate capital flows last year. London’s ability to navigate these challenges, albeit while still experiencing a reduction in investment volumes and adjustments in pricing, derive from three pivotal factors - price discovery, recovery capital and performance outlook.
To download the full insight article click on the button below.
Insight 4:
Events, expansion, elevation: The Key Drivers of London's Occupational Market
There has been no shortage of views about how occupiers will act in the post-pandemic world. As the noise from the great global workplace experiment gives way to stronger signals, occupier requirements are changing not evaporating.
London’s occupational market is gaining significant momentum. 2023 annual office take-up was up 1.4m sq ft on average annual volumes seen since the pandemic, while Q4 2023 brought the strongest quarterly take-up volume for five years. Furthermore, current active demand is at a 10-year high.
Three key aspects of the occupier mindset are combining with three dominant deal drivers to shape occupier activity in London.
To download the full insight article click on the button below.
Insight 4:
Events, expansion, elevation: The Key Drivers of London's Occupational Market
There has been no shortage of views about how occupiers will act in the post-pandemic world. As the noise from the great global workplace experiment gives way to stronger signals, occupier requirements are changing not evaporating.
London’s occupational market is gaining significant momentum. 2023 annual office take-up was up 1.4m sq ft on average annual volumes seen since the pandemic, while Q4 2023 brought the strongest quarterly take-up volume for five years. Furthermore, current active demand is at a 10-year high.
Three key aspects of the occupier mindset are combining with three dominant deal drivers to shape occupier activity in London.
To download the full insight article click on the button below.
Insight 5:
London's Future Demand Profile
Insight 5:
London's Future Demand Profile
Insight 6:
Retrofit or Repurpose?
The polarisation of London’s office market – encompassed by the well-rehearsed phrase ‘flight to quality’ – is shining a light on the challenges to the secondary office market. Demand for such offices is diminishing. Conversely, availability supply is increasing. And a further 70m sq ft of office space will potentially be rendered obsolete by the 2027 Minimum Energy Efficient Standards (MEES). What can be done about secondary and obsolete office stock?
To download the full insight article click on the button below.
Insight 6:
Retrofit or Repurpose?
The polarisation of London’s office market – encompassed by the well-rehearsed phrase ‘flight to quality’ – is shining a light on the challenges to the secondary office market. Demand for such offices is diminishing. Conversely, availability supply is increasing. And a further 70m sq ft of office space will potentially be rendered obsolete by the 2027 Minimum Energy Efficient Standards (MEES). What can be done about secondary and obsolete office stock?
To download the full insight article click on the button below.
"Structural change is challenging. It presents enormous risks, and requires clarity to be successfully navigated. It demands an objective view of the present to enable positive progress into the future. "
A Compendium:
The London Series
Our inaugural London Series looked at the market through a different lens, drawing upon new metrics and new data sources to challenge long-standing, tightly held assumptions and provide creative solutions in the development of new best practice.
We have brought together our six insight papers into a compendium. This document also includes seven new viewpoints from leading experts across Knight Frank’s commercial business including ESG, Debt Advisory, Property Asset Management, Planning and Consultancy, Project & Building Consultancy and Flexible Office Solutions. Through these viewpoints our experts provide their thoughts on the current challenges facing the London office market and how to capitalise on new and innovative opportunities.
To download the compendium click on the button below.
A Compendium:
The London Series
Our inaugural London Series looked at the market through a different lens, drawing upon new metrics and new data sources to challenge long-standing, tightly held assumptions and provide creative solutions in the development of new best practice.
We have brought together our six insight papers into a compendium. This document also includes seven new viewpoints from leading experts across Knight Frank’s commercial business including ESG, Debt Advisory, Property Asset Management, Planning and Consultancy, Project & Building Consultancy and Flexible Office Solutions. Through these viewpoints our experts provide their thoughts on the current challenges facing the London office market and how to capitalise on new and innovative opportunities.
To download the compendium click on the button below.