The biannual London Office Crane Survey showed that recent plans are showing an interesting timeline ahead for London construction.
Thirty-seven new schemes have shown face in the past six months, adding a further 3.5m sq ft to the development pipeline.
Office space currently undergoing construction in London right now is 13.2m sq ft which is a 12% increase on the previous survey by London Office Crane Survey.
Mike Cracknell, director at Deloitte Real Estate, said: “London’s office market remains resilient in the face of uncertainty as we witness an encouraging increase in new construction starts. This is testament to developers’ continued confidence in London’s office leasing market long-term.”
King’s Cross revealed four new projects, boosting a whole 26% of all new construction plans. The average size of London’s new developments rose from 80,000 sq ft to 96,000 sq ft.
Construction activity in the capital is generally dominated by the City of London with a total of 6.3 sq ft across 33 schemes, which is 51% of the total amount running through the city.