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Financial Times
Financial Times
Business
George Hammond

Dog kennels, climbing walls and nail salons: developers gamble on the return to the office

Among the hundred or more office developers and investors gathered in a Mayfair hotel in early February, it was possible to detect a sense of optimism that has been absent since Covid-19 first swept the UK in March 2020.

Conversations over breakfast flitted between the amount of cash targeting London workplaces to the record-high rents companies were willing to pay, and the difficulty in securing deals amid stiff competition. From the stage, hosts from estate agency Knight Frank posed a question: “Are offices more in demand than ever?”

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