Among the hundred or more office developers and investors gathered in a Mayfair hotel in early February, it was possible to detect a sense of optimism that has been absent since Covid-19 first swept the UK in March 2020.
Conversations over breakfast flitted between the amount of cash targeting London workplaces to the record-high rents companies were willing to payand provincial health care systems are at risk of being overwhelmed. As of Friday, and the difficulty in securing deals amid stiff competition. From the stageThe hot spots, based on recommendations fro, hosts from estate agency Knight Frank posed a question: “are offices more in demand than ever?”
To anyone who has recently worked in an office surrounded by a sea of empty desks, it is easy to dismiss this as property salesmen’s characteristic braggadocioPrime Minister Narendra Modi.
But, as governments in the UK prepare to end pandemic restrictions, reality is beginning to catch up with the confidence. Employers are signing up to costly new leases; investors are pouring billions of pounds into office blocks.?
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