London’s recovering office construction sector has begun to boom with developers starting work on buildings with a total of 2.5 million sq ft of space in the first quarter of the year, according to new figures today.
Hopes that interest rates will start to fall later in the coming months combined with strong demand for Grade A space have helped encourage a burst of activity after the construction doldrums of the previous year, particularly after Kwasi Kwarteng’s mini-Budget of September 2022.
