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Evening Standard
Evening Standard
Business
Joanna Hodgson

Central London office spend plunges as rate rises and working pattern changes bite

London Interest Rates

Investor spend on central London offices has crashed by almost two thirds, as rising interest rates and the post-pandemic changes to traditional working patterns take their toll.

Provisional data from real estate consultancy JLL for the Evening Standard shows investment volumes in the three months to September 30 were £1.2 billion in the City and West End.

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