Investment in office real estate in London declined in 2022 and remained low in 2023. In the fourth quarter of 2023, the value of investment allocated to offices stood at 1.82 billion British pounds, which was an increase from the same period in 2022 but shy from previous years. Demand for offices has stalled since the pandemic, causing an increase in vacancy rates.
Value of office investment in Central London (UK) from 2nd quarter 2017 to 4th quarter 2023, by district
(in billion GBP)
Characteristic
West End
City and Southbank
Docklands and Stratford
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Knight Frank. (February 20, 2024). Value of office investment in Central London (UK) from 2nd quarter 2017 to 4th quarter 2023, by district (in billion GBP) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/898793/value-of-office-property-investment-in-central-london-united-kingdom-by-district/
Knight Frank. "Value of office investment in Central London (UK) from 2nd quarter 2017 to 4th quarter 2023, by district (in billion GBP)." Chart. February 20, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/898793/value-of-office-property-investment-in-central-london-united-kingdom-by-district/
Knight Frank. (2024). Value of office investment in Central London (UK) from 2nd quarter 2017 to 4th quarter 2023, by district (in billion GBP). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/898793/value-of-office-property-investment-in-central-london-united-kingdom-by-district/
Knight Frank. "Value of Office Investment in Central London (Uk) from 2nd Quarter 2017 to 4th Quarter 2023, by District (in Billion Gbp)." Statista, Statista Inc., 20 Feb 2024, https://www.statista.com/statistics/898793/value-of-office-property-investment-in-central-london-united-kingdom-by-district/
Knight Frank, Value of office investment in Central London (UK) from 2nd quarter 2017 to 4th quarter 2023, by district (in billion GBP) Statista, https://www.statista.com/statistics/898793/value-of-office-property-investment-in-central-london-united-kingdom-by-district/ (last visited July 22, 2024)
Value of office investment in Central London (UK) from 2nd quarter 2017 to 4th quarter 2023, by district (in billion GBP) [Graph], Knight Frank, February 20, 2024. [Online]. Available: https://www.statista.com/statistics/898793/value-of-office-property-investment-in-central-london-united-kingdom-by-district/