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Office Shortage Forces Businesses to Fringe Locations

LONDON-Research from King Sturge says London's traditional core office areas can't accommodate the demand. This could lead to redefinition of London's boundaries and the merging of the West End and City areas.

By Graham Parker | Updated on June 18, 2001

LONDON-London’s traditional core office areas are now unable to accommodate demand, according to new research from King Sturge. New areas such as Paddington Basin, More London and Canary Wharf have pushed back the traditional boundaries for offices in London.

Recent deals have seen companies like Orange and Marks & Spencer sign pre-lettings at Paddington as well as Lehman Bros and Clifford Change moving to Canary Wharf. The lure of high-specification space and larger floor plates at cheaper rents has resulted in occupier migration to these new areas.

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