(Reuters) - Developers in London are revamping office spaces to suit the post-pandemic workforce, a survey showed on Monday, as weakening demand for w.
Office refurbishments trump new construction as hybrid working era beckons
It comes as officials fret about how to revive previously bustling city centres with fewer white collar workers commuting to and from work
17 May 2021 • 6:00am
New office construction starts in London jumped by a fifth in the six months to March, but more than half of the new projects were refurbishments as companies repurpose their offices for an era of hybrid working.
Thirty-two new schemes broke ground between October and March, according to a survey by Deloitte, with new starts totalling 3.1m sq ft of space in the capital.
However, 56pc of this new pipeline is expected to involve an extensive upgrade of existing workspaces, as bosses prepare for a post-pandemic era where staff spend fewer days in the office.