City supply crisis?

The spectre of the US economy plummeting off a cliff loomed large in the business community’s consciousness barely a year ago. That disastrous scenario has so far been averted, more than once, but now a different kind of crisis is looming much closer to home, in one of the most significant global property markets.

With about 11m sq ft available, equating to a vacancy rate of more than 8%, it may seem premature to be talking about supply shortages in the City.

But a closer look at the figures reveals that, according to EG’s London Offices Research, an average