WOW NEWS: Office boost for towns?

Thu 22 November 2018, 1:56 pm

Elaine Rossall, JLL's head of UK offices research, believes the construction of the Elizabeth line is a catalyst for more offices to be built in town centres in the Western Corridor (west and west of London).

Speaking today (22 November) at the WOW conference at The Future Works, Slough, Rossall said that while traditionally offices are located outside the likes of Slough and Reading, better transport was bringing them back into urban centres.

Rossall also said there is a downturn with current office construction sites, which will create a "supple gap" from 2020 to 2021. As a result, developers are more likely to turn to refurbishment, she added. She concluded that office rents in the Western Corridor are at the highest they have ever been.

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