Development Pipeline

A statistical in-depth look at the Central London development market


Type Research

Date 15/01/2019

Our new development pipeline publication is a statistical in-depth look at the Central London development market and the trends that are currently key to the market’s performance.

The Central London development pipeline currently comprises 15.7 million sq ft, of which 48% is prelet. Longer term, we may see significant under supply for developed space with only 6.0 million sq ft projected to complete post 2020, of which 56% is prelet.

Although levels of under construction supply are currently subdued however, there is a further 15.4 million sq ft of space with planning due to complete before 2023, the majority of which is located in the City.

The future may see considerable improvement in submarkets along the new Elizabeth Line route. Submarkets including Paddington, Farringdon and Canary Wharf are seeing strong interest from occupiers, increasingly for developed space.