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Evening Standard
Evening Standard
Business
Tamas Mark

Oxford Street pedestrianisation could pave the way to brighter days ahead for West End offices

London Mayor Sadiq Khan’s plans for an ambitious pedestrianisation makeover for Oxford Street has divided opinion.

Commercial real estate occupancy levels continue to struggle to bounce back from the pandemic, which combined with the high-interest rate environment is placing thesector under pressure. Yet despite all this, Oxford Street tells a more nuanced story than the bleak portrait often painted – and it’s one that London’s real estate market could learn from.

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