t is encouraging to see demand for office area in London beginning to edge up final month, as consultants JLL report as we speak.
I'm not stunned, the cranes hanging over the capital seem to have been as quite a few as ever. Today we reveal Landsec giving a vote of confidence in the way forward for offices by placing in plans for a £500 million growth close to Liverpool Street station.
Predictions that the normal workplace could be in terminal decline within the post-pandemic period look like vast of the mark, even within the City. But it's actually true that what employers and workers need is ready at a far increased bar than earlier than.
Outdoor terraces, gyms and yoga studios are de rigueur. The days of grim gray corridors, low suspended ceilings and undrinkable espresso in plastic cups have gone.
The employers’ allure offensive appears to be working and occupancy charges are slowly returning to ranges not seen since earlier than Covid.
Figures from property firm Regional REIT as we speak recommend workers now spend a median of 4.2 days per week within the workplace. That feels a bit on the excessive aspect for central London however the route of journey is unmistakable.
That is sweet news for the central London economic system, significantly the City the place the streets solely now appear to be returning totally to life. But it's not all unalloyed pleasure.
It is now as much as the prepare corporations to boost their game.
They want to verify the passengers who need to return to 4 or 5 days per week within the workplace are in a position to take action with out struggling the distress that made commuting such hell for thus many earlier than the world was turned the wrong way up by Covid.
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