A Compendium
In the 2025 London Series we examine the intersection of momentum, polarisation and volatility and how these three dynamics will converge to shape the London office market - its speed and trajectory, the nature of its challenges, and longer-term potential to sustain and enhance its global standing.
Through our four insight papers, we examine how evolving investor priorities, occupier behaviours, and market dynamics are reshaping the city’s future. We've brought together these insights into a compendium, together with four new viewpoints from leading experts across Knight Frank’s commercial business including Business Rates, ESG, Debt Advisory and Flex Leasing. Through these viewpoints our experts provide their thoughts on the current challenges facing the London office market and how to capitalise on new opportunities.
In the 2025 London Series we examine the intersection of momentum, polarisation and volatility and how these three dynamics will converge to shape the London office market - its speed and trajectory, the nature of its challenges, and London’s longer-term potential to sustain and enhance its global standing.
Through a series of four insight papers, we examine how evolving investor priorities, occupier behaviours, and market dynamics are reshaping the city’s future. We've brought together these insights into a compendium, together with four new viewpoints from leading experts across Knight Frank’s commercial business including Business Rates, ESG, Debt Advisory and Flex Leasing. Through these viewpoints our experts provide their thoughts on the current challenges facing the London office market and how to capitalise on new opportunities.
Our London Series explores the rising importance of core assets for institutional investment alongside opportunities in value-driven and repositioning strategies, reflecting upon the increasingly diverse needs of occupiers. It underscores the significance of supply constraints, shifting demand for high-quality, sustainable workspaces, and the need for targeted investment in infrastructure and energy, residential and office stock. This investment isn’t just crucial for the real estate market. It is at the heart of London’s future positioning as a global city – reinforcing its position as a financial and commercial hub, as well as a city where talent wants to live and work. But more than that, this investment also ensures London remains competitive, resilient, cohesive and inclusive in the face of global economic volatility.
London stands at a turning point. Economic shifts, geopolitical uncertainty, and the transformation of work are reshaping the city’s future. The question isn’t whether London will adapt - it’s how it will lead. And one thing is clear: success will depend on unlocking new ways of thinking about real estate, investment, and the evolving needs of occupiers.
So, what are the keys to unlocking London’s future?
- Real estate must evolve with occupiers, not just for them.
- London’s investment appeal must keep pace with a changing world.
- Housing and infrastructure must be economic priorities, not afterthoughts.
- London must stop assuming it will always win.
The future of London will be unlocked by those who act. The only question is: who will step forward first?
“In 2024, London's office investment hit a 15-year low - yet this downturn signals opportunity, not decline.
The market is positioned for recovery, with early movers set to define the next growth era.”
Philip Hobley, Head of London Offices, Knight Frank
For more information on The London Series, please contact:
For more information on The London Series, please contact: