London is set for an upsurge in office development with a rise in demolitions and the readying of sites for new construction, but office space is likely to remain in short supply over the next two years. For more information, visit www.deloitte.co.uk/cranesurvey

1. WHICH SECTORS ARE TAKING SPACE?
Leasing activity featured in this survey
INSURANCE
20%
TMT
37%
FINANCIAL
24%
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THREE LARGEST BUILDINGS IN THE SURVEY
5 BROADGATE
LARGEST UNDER CONSTRUCTION
SEA CONTAINERS
LARGEST COMPLETED
1 2 3ALDGATE TOWER
LARGEST UNDER CONSTRUCTION
AND AVAILABLE TO LET
CENTRAL LONDON DEVELOPMENT PIPELINE MILLION SQ FT
The London Office Crane Survey Summer 2014
WHY MEASURE CRANE ACTIVITY?
HEADLINE RESULTS
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.
64SCHEMES UNDER
CONSTRUCTION
9.2mOF OFFICES
UNDER
CONSTRUCTION
SQFT
45%OF SPACE UNDER
CONSTRUCTION
IS LET
1.6mHAS
COMPLETED
SINCE LAST SURVEY
SQFT
There is approximately 4.5 million sq ft currently
undergoing demolition or major strip out works.
Equivalent to:
7.6Shards
LEGAL
3%
PROFESSIONAL
4%
OTHER
6%?
CORPORATE
3%
GOVERNMENT
3%
0
PADDINGTON
9.2
TOTAL
1.3
MIDTOWN
0.3
SOUTHBANK
0.7
KING’S CROSS
4.7
CITY
1.6
WEST END
0.5
DOCKLANDS
NUMBER OF CONSTRUCTION STARTS SINCE LAST SURVEY
ACROSS CENTRAL LONDON
TODAY
15
LOW
4(2012)
HIGH
37(2007)
AVERAGE
19