Colliers: London office pipeline at record low

A record-low shortage of speculative space in London has left the city with a pipeline of 1m sq ft, according to Colliers International. In its London Offices Q1 2019 Snapshot, the agent reported speculative development levels are at their lowest for almost two decades, with overall availability 15% below the 10-year average. The current slowdown outside the West End is due to “record-breaking demand in Q4 2018”, which has produced a “modest lag in deal execution at the start of 2019”, according to the report. Paul Smith, co-head of London offices at Colliers International, said: “Supply levels of new development