Total demand for London office buildings has dropped over the past three years as companies squeeze staff into ever smaller office spaces, casting a shadow over the capital’s apparently robust commercial property market.
Space occupied by companies in London has shrunk by 3m sq ft in three years, according to Seaforth Land, a London property investor.
Seaforth said a big factor in the decline was staff being packed more densely into office spaces. Total space currently makes up more than 200m sq ft.
