The office real estate investment market experienced the weakest year on record in 2023. The value of capital allocated to office real estate in that year stood below five billion British pounds - about three billion British pounds below the 2020 figure. In 2013, which was the strongest year on record, the market saw over 18.5 billion British pounds in investment. Brexit, hybrid work, and the unfavorable economic climate are some of the major challenges which contributed to the decline in investment sentiment in the past five years. Vacancy rates stood above 10 percent in many London districts in 2023, showing a decline in occupier demand.
Value of office real estate investment in Central London, England from 1st quarter 2010 to 4th quarter 2023
(in billion GBP)
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Avison Young. (January 29, 2024). Value of office real estate investment in Central London, England from 1st quarter 2010 to 4th quarter 2023 (in billion GBP) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/898861/value-of-office-property-investment-in-central-london-united-kingdom/
Avison Young. "Value of office real estate investment in Central London, England from 1st quarter 2010 to 4th quarter 2023 (in billion GBP)." Chart. January 29, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/898861/value-of-office-property-investment-in-central-london-united-kingdom/
Avison Young. (2024). Value of office real estate investment in Central London, England from 1st quarter 2010 to 4th quarter 2023 (in billion GBP). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/898861/value-of-office-property-investment-in-central-london-united-kingdom/
Avison Young. "Value of Office Real Estate Investment in Central London, England from 1st Quarter 2010 to 4th Quarter 2023 (in Billion Gbp)." Statista, Statista Inc., 29 Jan 2024, https://www.statista.com/statistics/898861/value-of-office-property-investment-in-central-london-united-kingdom/
Avison Young, Value of office real estate investment in Central London, England from 1st quarter 2010 to 4th quarter 2023 (in billion GBP) Statista, https://www.statista.com/statistics/898861/value-of-office-property-investment-in-central-london-united-kingdom/ (last visited December 21, 2024)
Value of office real estate investment in Central London, England from 1st quarter 2010 to 4th quarter 2023 (in billion GBP) [Graph], Avison Young, January 29, 2024. [Online]. Available: https://www.statista.com/statistics/898861/value-of-office-property-investment-in-central-london-united-kingdom/
