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London Bouncing Back and Demand is Rising

Shaftesbury, the FTSE 250 company that acts as a corporate landlord and owns a 16-acre estate centred around London’s West End, has reported that footfall is back 50 – 60% of pre-pandemic levels in its commercial offerings.

They have also just reported that by the end of July, they have only 32 office suites available (29,000 sq ft) down from 50 suites (62,000 sq ft) at the end of March.

Michael Dell, Lettings Manager for Acton, also reports a record month for his office.  “We have seen a tremendous uplift in the amount of tenants registering with our offices both on a individual basis and through corporate relocation agencies.

“We see the effect of the return of the City, and at the moment we certainly need more properties on our books to deal with the demand.”

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London Bouncing Back and Demand is Rising


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