Our latest Crane Survey tracks every office scheme under construction across central London, as well as importantly looking ahead at the potential delivery of space and its future impact. The key factors impacting the choice of new buildings and the outlook for businesses taking new space are also identified. Additionally, three emerging markets have been added to the survey, which for the first-time, extends the research outside of core central London.

1. New construction starts by location
Percentage of space under construction let by sector
Southbank King’s CrossMidtown
51
Previous
high
(2016)
40
Today
21
Average
4
Low
(2010)
14
West End
8 6
6
Docklands Paddington
www.deloitte.co.uk/cranesurvey
www.deloitte.co.uk/realestate
www.deloitte.co.uk/realestateblog
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Real Estate
9
Office Crane Survey Winter 2016
The
Why measure crane activity?
The Deloitte Real Estate Crane Survey measures office construction
activity in Central London. The results present a picture of the health
of not just the commercial property market, but of London as a whole.
Headline results
schemes under
construction
120 of offices
under construction
14.8m sq ft
has completed
since last survey
2m sq ft
of space under
construction is let
41%
Professional
2%
Insurance
2%
Government
2%
Legal
9%
Financial
42%
TMT
33%
Corporate
10%
0.5
Kings Cross
1.7
Midtown
0.4
Paddington
1.0
Docklands
0.8
Southbank
1.7
West End
8.8
City
14.8 Total
City
11 1
Central London development pipeline million sq ft
Emerging markets construction activity
Number of construction starts across central London
Vauxhall-Nine Elms-Battersea | 1.3 million sq ft
In addition to central London submarkets, new locations now included in the Crane Survey
Stratford | 0.8 million sq ft
White City | 0.8 million sq ft