Developing office schemes here requires a careful balancing of the need to maximise tenant appeal against the constraints of lower rental income
Against the backdrop of an uncertain economic and political future, the capital’s workers continue to need spaces and places to do business. Office developers, however, face multiple challenges: not least, meeting ever-evolving environment and wellbeing standards as well as rising performance requirements from occupiers.
London’s commercial office market is evolving as growth permeates into fringe locations, presenting a new range of design, build and cost challenges for developers. But the narrower rental margins on the fringe dictate a more selective, value-added approach to building design than in more central areas, striking a balance between winning tenants and containing building costs.
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