Today’s political climate puts London and its property market in the spotlight. The London Office Crane Survey acts as a barometer not only for the commercial property market but for the economy as a whole. We’ve tracked every office scheme under construction across central London.

1. Approaching with caution
London Office Crane Survey
Winter 2017

2. 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
89 of offices
under construction
12.6m sq ft
has completed
since last survey
2.9m sq ft
of space under
construction is let
44%
2

3. Central London development pipeline million sq ft
1.0
Docklands
1.0
Southbank
0.2
King’s Cross
1.4
West End
0.2
Paddington
1.6
Midtown
7.3
City
12.6 Total
Central London development pipeline million sq ft
1.0
Docklands
1.0
Southbank
0.2
King’s Cross
1.4
West End
0.2
Paddington
1.6
Midtown
7.3
City
12.6 Total
3

4. 51
High
(2016)
25
Today
23
Average
4
Low
(2010)
Number of construction starts across central London
51
High
(2016)
25
Today
23
Average
4
Low
(2010)
Number of construction starts across central London
4

5. New construction starts by location
King’s CrossDocklands Paddington
00 0
New construction starts by location
8
Midtown
2
West End
14
Southbank
1
City
5

6. Percentage of space under construction let by sector
Corporate
24%
Insurance
2%
Other
0.3%
Financial
45%
Professional
9%
Government
3%
TMT
7%
Legal
10%
Percentage of space under construction let by sector
Corporate
24%
NB: Figures are rounded up
Insurance
2%
Other
0.3%
Financial
45%
Professional
9%
Government
3%
TMT
7%
Legal
10%
6

7. This publication has been written in general terms and we recommend that you obtain professional advice before acting or
refraining from action on any of the contents of this publication. Deloitte LLP accepts no liability for any loss occasioned to
any person acting or refraining from action as a result of any material in this publication.
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