The capital’s real estate market breathed a sigh of relief last week
Thousands of workers returned to their offices after the summer break, fueling hopes of a swift recovery for London’s commercial property market.
Over in the Square Mile, James Strevens, head of City leasing at BNP Paribas Real Estate, said: “There was a slow start on Monday, which surprised me a bit, but by Wednesday it was noticeably bigger. The trains are super busy, all the retail is busier and our office is as well. We’re definitely moving in the right direction.”
Catherine McGuinness, policy chair at the City of London Corporation, described the scenes in the City as “buzzing”.
She added: “The virus has not gone away, but we must learn to live with it. Many employees themselves are eager to return to the office for at least part of the week, and their return will deliver the footfall needed for the hospitality and retail sectors.”
Main image: Shutterstock / IR Stone