Are City birds starting to migrate?
News that Unilver and Sotheby’s are relocating to South West London locations is pertinent. Corporate occupiers are increasingly questioning the need to be located in central London. As work patterns change due to the growing acceptance of WFH (Working from Home) and the lack of confidence in the cleanliness of buildings as we exit from the COVID-19 induced lockdown continues, traditional City locations are now under review, like never before.
Whilst some commentators, such as our sister newsletter Thames Tap, have been promoting the rise of the inevitable growth of business park location as a solution for wary occupiers, maybe it is also the office locations in the suburbs of London which could be the immediate winners. Situated closer to ‘home’ for many executives and boasting many excellent retail amenities and quick transport links into London, the suburbs could be about to become cool and trendy. Time for Shoreditch to move over, maybe?
Issue No 2 always the hardest.
Feedback has been excellent for Issue No 1.
We have started to get increased support for London West which is an editorially driven micro newsletter that promotes the local property community. By chance, as we have commented in this post, there will be many unforeseen changes following the outbreak from COVID-19, and our role is to try and report on these changes but to also ensure that the bigger real estate picture is never forgotten.
A tricky balance but hopefully one you will continue to support.
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