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Occupier Insights London Offices Market Update October 2020

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This year has been one of the most unusual in the history of our industry as all aspects of our lives have been impacted by COVID-19, and as eyes turn to recovery, our Project & Building Consultancy team alongside our Research & Forecasting team have 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 both Q1 and Q3 2020 to ‘take the temperature of the market’ based on responses from contractors, suppliers and consultants that specialise in the London fit-out sector, helping occupiers to make informed decisions in these uncertain times. 

In this report we also look at 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. The situation is ever evolving, and here we provide some clarity that can help inform decision making.


Occupier Insights London Offices Market Update October 2020 search

Occupier Insights London Offices Market Update October 2020

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Related Experts

Guy Grantham

Director of Research and Forecasting

Research and Forecasting

London - West End

Guy has been a property research professional for 23 years and gained extensive knowledge of the UK and Global property markets. He has worked closely with a wide variety of major developers, landlords and occupiers in a consultancy capacity. Instrumental in supporting Hines' purchase of Brindleyplace for £200m, on which Colliers advised. He is now specialising in the London Office market using his extensive knowledge and experience to provide market leading insight into current occupier, investment and development trends.

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Walter Boettcher

Head of Research and Economics

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London - West End

As Head of Research and Economics at global property advisors Colliers based in London, I lead a team of researchers identifying timely research topics and directing research and forecasting outputs. I have 25+ years of UK and European property industry experience and extensive expertise across a wide range of sectors and related industries. I participate regularly in industry panel discussions, but am focused more on direct client engagement with institutions, property companies, banks, and private investors. A regular media commentator, I have a wide range of national publication and broadcast experience. I joined Colliers International in August 2007 after several years at a private property company where I was responsible for managing a mixed portfolio of London residential, retail and office assets. Previously, I worked in a few London property advisory firms, a geodemographic company as well as a few youthful sojourns in the US offshore oil industry, local government and entertainment business. I am an economics graduate of the University of Texas at Austin and received a  PhD from the Faculty of Science at University College London.  I am a member of the London Property Economics Forum and  Society of Property Researchers.

Perhaps best known for my alternative take on property economics and investment, I am a keen proponent of UK regional development and infrastructure investment.

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