The London fit out market has been on a roller coaster ride during the last year, and despite some positivity making its way into business sentiment, the ride is not yet over.
Our Project & Building Consultancy team, alongside our Research & Economics team, has compiled this report to provide an overview of the London office market in the context of how the wider economy is performing.
We conducted a survey in Q1 2021 to take the temperature of the market with responses from contractors, suppliers and consultants that specialise in the London fit-out sector, in order to help occupiers to make informed decisions in these uncertain times.
In this report we also look at the response to the pandemic and how leasing activity has been affected over the last six months, and how this is in turn is impacting on fit out costs and tender price inflation.
Since our survey in Q3 2020 the outlook has changed with a successful COVID-19 vaccination programme and with lockdown restrictions easing on time, occupiers are shifting their thoughts towards the future of their office, and what that will look like. The situation is ever evolving, and here we provide some insight to help inform decision making.
