LISTEN Frost Meadowcroft director Shaun Wolfe says 2021 was the year that occupiers realised working from home was no longer viable, and this has seen an office recovery in west London gain momentum after a very tough 2020.
Frost Meadowcroft, an office specialist that mainly operates within a three-mile radius of Hammersmith, has transacted 238,530 sq ft of office space so far this year, with a further 50,000 sq ft set for completion over the next month. This represents an uptick in fortunes compared with 2020, when volumes were below 200,000 sq ft and less than half of the previous year’s figure.
Wolfe says many companies are realising that home-working as a full-time option is far from optimal and that they need to take office space, albeit in lower volumes than pre-pandemic times. He also says landlords are rethinking the shape of the space they offer, with west London now boasting office buildings more akin to hotels in terms of the open space and gym facilities they contain.
To send feedback, e-mail newsdesk@eg.co.uk or tweet @EGPropertyNews
