Drivers for Development: City of London Office Market

摘要

This article will analyze the office development cycle in the City of London and demonstrate how crucial timing is in order to achieve performance for property investment. The City of London is an international office market not only from the occupier's point of view, but also from that of real estate investment. The footprint of the City office market is 7.94 million square meters. The City of London employs just fewer than 300,000 people (BH2, City Corporation) with the main concentration in the financial and banking sector, supported by the professional sector (i.e., lawyers and accountants) and the business support services sector. The concentration of these types of businesses makes the City of London a global financial center. Businesses are located in the City because they make profits. It is a classic financial business cluster.